Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%
Price spread now: BingX against Extended−0.078%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1311.305% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$2 on $10k
Price spread, last 7 days+0.332%+$33 · spread now −0.078%, 7d avg +0.087%
Together, before fees+0.347%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.165% cheaper against Extended than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.048050.0104pay 0.0013% / 1h56m 09s$219K$1.8M5x
ShortBingX CHIP-USDT0.048010.0100get 0.0050% / 4h3h 56m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: −0.078% → +0.087%
−$16.52
Slippage, 4 orders
−$115.52
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$147.88
Costs to cover
1.305%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago4.18 bp39.9 bp −$40269.0 bp −$2,690doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago4.18 bp30.8 bp −$3194.3 bp −$943doesn't fitdoesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CHIP−0.0335%1h0.04814+0.193%$3K$122K5xas long as short
ApeX Omni CHIPUSDT−0.0212%1h0.04790−0.307%$17K$247K50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0103%1h0.04809+0.086%$10K$23K10xas long as short
OKX CHIP-USDT-SWAP−0.0057%4h0.04802−0.057%$2.2M$9.6M20xas long as short
KuCoin CHIPUSDTM−0.0034%4h0.04810+0.109%$998K$1.1M50xas long as short
Aftermath Perps CHIPUSD−0.0018%1h0.04803−0.035%$235$35K5xas long as short
BloFin CHIP-USDT+0.0078%4h0.04839+0.713%$531K$101K50xas long as short
Lighter CHIP+0.0096%1h0.04806+0.026%$100K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04818+0.280%$14.9M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04813+0.164%$49K$274K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04827+0.453%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04803−0.027%$14.4M$26.8M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04809+0.088%$11.0M$9.0M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04817+0.255%$683K$968K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04802−0.057%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04806+0.026%$2.0M$3.4M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04801−0.078%$1.9M
Variational Omni CHIP+0.0100%4h0.04791−0.289%$923K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.04807+0.047%$635$1.0M10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04805long leg$219K$1.8M5x
Nado CHIP-PERP+0.0273%1h0.04813+0.161%$243K$18K5xas long as short
Backpack CHIP_USDC_PERP+0.0866%1h0.04804−0.016%$26K$211K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0896%1h0.04835+0.621%$46K$37K50xas long as short