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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against KuCoin+0.064%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1681.678% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.208%+$21 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.064%, 7d avg −0.028%
Together, before fees+0.144%+$14 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: BingX is 0.092% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.046630.0100pay 0.0050% / 4h2h 43m$977K$1.1M50x
ShortBingX CHIP-USDT0.046660.0100get 0.0050% / 4h2h 43m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$0
Price spread: +0.064% → −0.028%
$9.22
Slippage, 4 orders
−$145.78
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$158.56
Costs to cover
1.678%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 4 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, 6 min ago9.68 bp80.0 bp −$80600.9 bp −$6,009doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago5.39 bp24.3 bp −$2476.0 bp −$760doesn'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−0.0790%1h0.04671+0.172%$14K$216K5xas long as short
ApeX Omni CHIPUSDT−0.0389%1h0.04631−0.686%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04634−0.622%$3K$129K5xas long as short
Nado CHIP-PERP−0.0018%1h0.04646−0.354%$234K$19K5xas long as short
OKX CHIP-USDT-SWAP+0.0002%4h0.04665+0.043%$1.9M$9.2M20xas long as short
BloFin CHIP-USDT+0.0074%4h0.04644−0.407%$555K$63K50xas long as short
Lighter CHIP+0.0096%1h0.04668+0.107%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04675+0.264%$14.7M$6.4M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04665+0.041%$39K$255K5xas long as short
Pacifica CHIP+0.0100%1h0.04668+0.114%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04667+0.088%$14.0M$26.2M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04666+0.064%$10.9M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04661−0.043%$692K$946K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04665+0.043%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTMlong+0.0100%4h0.04663long leg$977K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04667+0.086%$2.0M$3.2M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04666+0.064%$1.9M
Variational Omni CHIP+0.0100%4h0.04634−0.616%$870K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04634−0.622%$700$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04665+0.050%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0322%1h0.04645−0.385%$93$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.107%$45K$40K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.1676%1h0.04683+0.422%$10K$24K10xas long as short