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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.242%
Price spread now: Coinbase International against Gate+0.213%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.213% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.047890.0100pay 0.0050% / 4h3h 59m$679K$979K50x
ShortCoinbase International CHIP-PERP-INTX0.047990.0920get 0.0115% / 1h59m 58s$46K$37K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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
$172.2
Price spread: +0.213% → 0.000%
$21.3
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$168.5
Costs to cover
0.250%
Break-even
0.2 days
Slippage unknown: Gate: live order book, 37 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 37 min ago7.36 bp32.7 bp −$33236.3 bp −$2,363doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.04782−0.146%$3K$125K5xas long as short
ApeX Omni CHIPUSDT−0.0255%1h0.04780−0.188%$17K$247K50xas long as short
OKX CHIP-USDT-SWAP−0.0074%4h0.04795+0.125%$2.2M$9.5M20xas long as short
KuCoin CHIPUSDTM−0.0054%4h0.04791+0.042%$997K$1.1M50xas long as short
Aftermath Perps CHIPUSD−0.0046%1h0.04789+0.007%$57$35K5xas long as short
Bybit CHIPUSDT−0.0016%4h0.04796+0.146%$10.9M$8.9M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04797+0.175%$10K$23K10xas long as short
Nado CHIP-PERP+0.0039%1h0.04784−0.104%$242K$18K5xas long as short
Lighter CHIP+0.0096%1h0.04797+0.167%$100K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04801+0.259%$14.8M$5.9M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT+0.0100%4h0.04797+0.163%$49K$275K5xas long as short
Pacifica CHIP+0.0100%1h0.04792+0.054%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04795+0.129%$14.4M$26.8M50xas long as short
Gate CHIP_USDTlong+0.0100%4h0.04789long leg$679K$979K50x
MEXC CHIP_USDT+0.0100%4h0.04794+0.104%$1.9M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04793+0.084%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04795+0.125%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04791+0.039%$923K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.047890.000%$585$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04792+0.070%$217K$1.9M5xas long as short
BloFin CHIP-USDT+0.0130%4h0.047890.000%$577K$100K50xas long as short
Backpack CHIP_USDC_PERP+0.0146%1h0.04798+0.188%$26K$213K5xas long as short
Coinbase International CHIP-PERP-INTXshort+0.0920%1h0.04799+0.213%$46K$37K50x