Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.022%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$333as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

costs, in and out, $10k−$3353.349% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.189%+$19 · spread now −0.022%, 7d avg −0.113%

Together, before fees+0.209%+$21 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: SunX is 0.091% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CHIP_USDT	0.04592	0.0100	pay 0.0050% / 4h	1h 32m	$678K	$903K	50x
Short	SunX CHIP-USDT	0.04591	0.0100	get 0.0050% / 4h	1h 32m	$920	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee GatebpFee SunXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.113%: $9.1
Slippage, 4 orders: −$311.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$325.83
Costs to cover: 3.349%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; SunX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 49 min ago	13.02 bp	40.3 bp −$40	250.9 bp −$2,509	doesn't fit	doesn't fit
Sell SunX live order book, just now	47.91 bp	130.0 bp −$130	doesn't fit	doesn't fit	doesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERP	−0.1276%	1h	0.04594	+0.044%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04595	+0.065%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0208%	4h	0.04592	0.000%	$1.9M	$9.1M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0177%	1h	0.04585	−0.155%	$110	$39K	5x	as long as short
Nado CHIP-PERP	−0.0128%	1h	0.04594	+0.054%	$230K	$18K	5x	as long as short
Binance CHIPUSDT	−0.0097%	4h	0.04594	+0.035%	$13.8M	$26.0M	50x	as long as short
Extended CHIP-USD	−0.0096%	1h	0.04596	+0.091%	$209K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0096%	4h	0.04591	−0.022%	$1.8M	$1.2M	50x	as long as short
ApeX Omni CHIPUSDT	−0.0069%	1h	0.04580	−0.261%	$14K	$247K	50x	as long as short
BloFin CHIP-USDT	−0.0052%	4h	0.04591	−0.022%	$541K	$67K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CHIPUSDT	+0.0014%	4h	0.04595	+0.065%	$10.7M	$9.0M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0033%	1h	0.04599	+0.144%	$10K	$25K	10x	as long as short
Aster CHIPUSDT	+0.0068%	4h	0.04594	+0.043%	$48K	$229K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04598	+0.131%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04600	+0.163%	$14.5M	$6.8M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04595	+0.063%	$13K	$628	3x	as long as short
Gate CHIP_USDTlong	+0.0100%	4h	0.04592	long leg	$678K	$903K	50x
KuCoin CHIPUSDTM	+0.0100%	4h	0.04593	+0.022%	$977K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04595	+0.065%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04597	+0.109%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04580	−0.251%	$843K	$465K	—	as long as short
SunX CHIP-USDTshort	+0.0100%	4h	0.04591	−0.022%	$920	$1.1M	10x
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04757	+3.582%	$46K	$41K	50x	as long as short