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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0209%/8h= −22.9% APRnext payment $1.04 per $10,000 · paid last 24h +0.003%
Price spread now: Aster against KuCoin+0.006%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1691.692% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.084%+$8 on $10k
Price spread, last 4 days (all we have)−0.439%−$44 · spread now +0.006%, 7d avg −0.012%
Together, before fees−0.355%+ Points / potential airdropAster: Stage 5 · farm board−$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.084%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.084% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.046750.0100pay 0.0050% / 4h41m 42s$977K$1.1M50x
ShortAster CHIPUSDT0.04675−0.0109pay 0.0054% / 4h41m 42s$51K$276K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
−$43.84
Price spread: +0.006% → −0.012%
$1.71
Slippage, 4 orders
−$149.15
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$211.29
Costs to cover
1.692%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 15 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 KuCoin live order book, 3 min ago9.62 bp61.8 bp −$62665.5 bp −$6,655doesn't fitdoesn't fit
Sell Aster live order book, 15 min ago8.49 bp29.4 bp −$29doesn'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−0.0642%1h0.04674−0.021%$33K$245K5xas long as short
ApeX Omni CHIPUSDT−0.0593%1h0.04671−0.086%$16K$245K50xas long as short
Bybit CHIPUSDT−0.0547%4h0.04677+0.043%$10.8M$9.0M20xas long as short
Phoenix CHIP−0.0510%1h0.04664−0.235%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0395%4h0.04671−0.086%$2.0M$9.5M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0263%1h0.04678+0.064%$10K$24K10xas long as short
Aster CHIPUSDTshort−0.0109%4h0.04675+0.006%$51K$276K5x
Nado CHIP-PERP−0.0079%1h0.04663−0.257%$236K$20K5xas long as short
Binance CHIPUSDT+0.0067%4h0.04672−0.064%$14.1M$26.8M50xas long as short
MEXC CHIP_USDT+0.0070%4h0.04670−0.107%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CHIP-USD+0.0072%1h0.04670−0.112%$213K$1.9M5xas long as short
Lighter CHIP+0.0096%1h0.046750.000%$87K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04680+0.113%$14.5M$6.3M3xas long as short
Pacifica CHIP+0.0100%1h0.04675−0.011%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.046750.000%$680K$951K50xas long as short
KuCoin CHIPUSDTMlong+0.0100%4h0.04675long leg$977K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04670−0.107%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04672−0.064%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04672−0.072%$831K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04659−0.342%$570$1.0M10xas long as short
BloFin CHIP-USDT+0.0113%4h0.04671−0.086%$569K$63K50xas long as short
Aftermath Perps CHIPUSD+0.0303%1h0.04677+0.035%$132$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+3.846%$47K$42K50xas long as short