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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%
Price spread now: Binance against Hyperliquid−0.232%7-day average −0.203% · you buy dearer than you sell
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 7 days−0.136%−$14 on $10k
Price spread, last 7 days+0.096%+$10 · spread now −0.232%, 7d avg −0.203%
Together, before fees−0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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: Binance is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.203%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.047010.0100pay 0.0013% / 1h13m 00s$14.6M$6.2M3x
ShortBinance CHIPUSDT0.046900.0100get 0.0050% / 4h3h 13m$14.2M$27.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.232% → −0.203%
−$2.93
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$21.93
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Binance: live order book, 13 min ago. 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 Hyperliquid live order book, 10 min ago2.03 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago1.07 bp23.2 bp −$2399.8 bp −$998doesn'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
Bybit CHIPUSDT−0.0408%4h0.04691−0.211%$10.7M$9.0M20xas long as short
Phoenix CHIP−0.0338%1h0.04697−0.083%$3K$137K5xas long as short
OKX CHIP-USDT-SWAP−0.0236%4h0.04688−0.274%$2.0M$9.6M20xas long as short
ApeX Omni CHIPUSDT−0.0176%1h0.04698−0.062%$16K$245K50xas long as short
Nado CHIP-PERP−0.0029%1h0.04688−0.264%$237K$18K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0006%1h0.04693−0.168%$9K$24K10xas long as short
KuCoin CHIPUSDTM+0.0086%4h0.04691−0.211%$997K$1.1M50xas long as short
Lighter CHIP+0.0096%1h0.04693−0.168%$97K$115K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04701long leg$14.6M$6.2M3x
Aster CHIPUSDT+0.0100%4h0.04695−0.133%$56K$279K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04690−0.228%$16K$3K3xas long as short
Binance CHIPUSDTshort+0.0100%4h0.04690−0.232%$14.2M$27.0M50x
Gate CHIP_USDT+0.0100%4h0.04691−0.211%$672K$988K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04688−0.274%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04690−0.232%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04690−0.232%$2.0Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04694−0.147%$34K$230K5xas long as short
Variational Omni CHIP+0.0100%4h0.04695−0.122%$830K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04688−0.274%$627$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04687−0.293%$216K$1.0M5xas long as short
BloFin CHIP-USDT+0.0115%4h0.04692−0.189%$565K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0199%1h0.04695−0.132%$68$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.364%$46K$37K50xas long as short