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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.043%
Price spread now: Aftermath Perps against KuCoin+0.080%45s7-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 3 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 +$6 a day on $10k at the current rate, and Aftermath Perps is 0.080% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.046400.0100pay 0.0050% / 4h2h 46m$971K$1.1M50x
ShortAftermath Perps CHIPUSD0.046440.0304get 0.0038% / 1h46m 30s$93$38K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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
$42.8
Price spread: +0.080% → 0.000%
$7.98
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$29.78
Costs to cover
0.210%
Break-even
2.1 days
Slippage unknown: KuCoin: live order book, 3 min ago; Aftermath Perps: 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 KuCoin live order book, 3 min ago9.68 bp80.0 bp −$80600.9 bp −$6,009doesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: 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
Backpack CHIP_USDC_PERP−0.0613%1h0.04631−0.194%$14K$215K5xas long as short
ApeX Omni CHIPUSDT−0.0354%1h0.04644+0.086%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04612−0.603%$3K$129K5xas long as short
Nado CHIP-PERP−0.0015%1h0.04630−0.205%$233K$19K5xas long as short
OKX CHIP-USDT-SWAP−0.0002%4h0.04633−0.151%$1.9M$9.1M20xas long as short
BloFin CHIP-USDT+0.0074%4h0.04644+0.086%$555K$63K50xas long as short
Lighter CHIP+0.0096%1h0.04637−0.065%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04644+0.086%$14.6M$6.4M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04639−0.013%$39K$255K5xas long as short
Pacifica CHIP+0.0100%1h0.04636−0.084%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04634−0.129%$13.9M$26.2M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04638−0.043%$10.8M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04638−0.043%$690K$944K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04633−0.151%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTMlong+0.0100%4h0.04640long leg$971K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04634−0.129%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04629−0.237%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04648+0.168%$872K$458Kas long as short
SunX CHIP-USDT+0.0100%4h0.04633−0.151%$781$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04628−0.252%$216K$1.9M5xas long as short
Aftermath Perps CHIPUSDshort+0.0304%1h0.04644+0.080%$93$38K5x
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.608%$45K$40K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0937%1h0.04641+0.017%$10K$24K10xas long as short