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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%
Price spread now: KuCoin against Hyperliquid−0.151%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1411.409% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.329%−$33 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.151%, 7d avg −0.134%
Together, before fees−0.265%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.046900.0100pay 0.0013% / 1h8m 32s$14.7M$6.5M3x
ShortKuCoin CHIPUSDTM0.046830.0100get 0.0050% / 4h3h 08m$980K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.151% → −0.134%
−$1.74
Slippage, 4 orders
−$119.86
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$142.6
Costs to cover
1.409%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 1 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 Hyperliquid live order book, 4 min ago1.49 bp18.0 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago6.41 bp36.6 bp −$37466.3 bp −$4,663doesn'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−0.0749%1h0.04679−0.237%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0284%1h0.04673−0.365%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04677−0.279%$3K$140K5xas long as short
Nado CHIP-PERP−0.0140%1h0.04675−0.311%$234K$18K5xas long as short
OKX CHIP-USDT-SWAP+0.0003%4h0.04677−0.279%$1.9M$9.1M20xas long as short
BloFin CHIP-USDT+0.0044%4h0.04672−0.386%$549K$65K50xas long as short
Lighter CHIP+0.0096%1h0.04681−0.194%$87K$108K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04690long leg$14.7M$6.5M3x
Aster CHIPUSDT+0.0100%4h0.04682−0.183%$49K$238K5xas long as short
Pacifica CHIP+0.0100%1h0.04682−0.177%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04676−0.301%$14.1M$26.0M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04680−0.215%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04682−0.173%$693K$911K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04675−0.322%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTMshort+0.0100%4h0.04683−0.151%$980K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04676−0.301%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04676−0.301%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04677−0.285%$879K$458Kas long as short
SunX CHIP-USDT+0.0100%4h0.04675−0.322%$774$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04675−0.323%$212K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0305%1h0.04677−0.280%$86$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0647%1h0.04689−0.034%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04696+0.136%$45K$40K50xas long as short