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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against Gate−0.094%7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1051.047% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.137%+$14 on $10k
Price spread, last 7 days+0.238%+$24 · spread now −0.094%, 7d avg +0.093%
Together, before fees+0.376%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 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: Hyperliquid is 0.187% cheaper against Gate than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.045830.0100pay 0.0050% / 4h1h 51m$679K$901K50x
ShortHyperliquid CHIP0.045790.0100get 0.0013% / 1h51m 17s$14.4M$6.8M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: −0.094% → +0.093%
−$18.7
Slippage, 4 orders
−$80.67
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$123.37
Costs to cover
1.047%
Break-even
never at this rate
Slippage from Gate: live order book, 31 min ago; Hyperliquid: live order book, 11 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 Gate live order book, 31 min ago13.02 bp40.3 bp −$40250.9 bp −$2,509doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.11 bp17.3 bp −$17doesn't fitdoesn'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
Backpack CHIP_USDC_PERP−0.1027%1h0.04580−0.065%$16K$234K5xas long as short
Phoenix CHIP−0.0352%1h0.04580−0.065%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0246%4h0.04573−0.218%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0224%1h0.04575−0.175%$229K$18K5xas long as short
Aftermath Perps CHIPUSD−0.0186%1h0.04573−0.224%$109$39K5xas long as short
Bybit CHIPUSDT−0.0155%4h0.04579−0.087%$10.7M$9.0M20xas long as short
Binance CHIPUSDT−0.0122%4h0.04570−0.292%$13.8M$26.0M50xas long as short
Extended CHIP-USD−0.0120%1h0.04573−0.212%$207K$1.3M5xas long as short
MEXC CHIP_USDT−0.0120%4h0.04570−0.284%$1.8M$1.2M50xas long as short
BloFin CHIP-USDT−0.0100%4h0.04572−0.240%$539K$67K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04579−0.096%$10K$25K10xas long as short
Aster CHIPUSDT+0.0021%4h0.04578−0.117%$47K$229K5xas long as short
Lighter CHIP+0.0096%1h0.04575−0.175%$85K$109K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04579−0.094%$14.4M$6.8M3x
Pacifica CHIP+0.0100%1h0.04577−0.135%$13K$6283xas long as short
Gate CHIP_USDTlong+0.0100%4h0.04583long leg$679K$901K50x
KuCoin CHIPUSDTM+0.0100%4h0.04579−0.087%$979K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04576−0.153%$2.0M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04573−0.218%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04571−0.259%$840K$472Kas long as short
ApeX Omni CHIPUSDT+0.0100%1h0.04573−0.218%$14K$249K50xas long as short
SunX CHIP-USDT+0.0100%4h0.04576−0.153%$1K$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0824%1h0.04757+3.786%$46K$41K50xas long as short