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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h −0.009%
Price spread now: Extended against KuCoin−0.060%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1481.476% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.187%+$19 on $10k
Price spread, last 7 days−0.150%−$15 · spread now −0.060%, 7d avg −0.118%
Together, before fees+0.037%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.057% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04631−0.0042get 0.0021% / 4h2h 28m$974K$1.2M50x
ShortExtended CHIP-USD0.046280.0096get 0.0012% / 1h28m 51s$211K$1.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$28.98
Price spread: −0.060% → −0.118%
$5.75
Slippage, 4 orders
−$130.62
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$112.89
Costs to cover
1.476%
Break-even
34.3 days
Slippage from KuCoin: live order book, 1 min ago; Extended: 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, 1 min ago7.56 bp42.8 bp −$43547.5 bp −$5,475doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago4.32 bp37.9 bp −$38272.6 bp −$2,726doesn'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
ApeX Omni CHIPUSDT−0.0776%1h0.04632+0.022%$16K$246K50xas long as short
Bybit CHIPUSDT−0.0574%4h0.04633+0.043%$10.5M$9.1M20xas long as short
OKX CHIP-USDT-SWAP−0.0297%4h0.04627−0.086%$2.0M$9.4M20xas long as short
Phoenix CHIP−0.0171%1h0.04634+0.065%$3K$129K5xas long as short
Nado CHIP-PERP−0.0078%1h0.04633+0.054%$235K$18K5xas long as short
KuCoin CHIPUSDTMlong−0.0042%4h0.04631long leg$974K$1.2M50x
Gate CHIP_USDT−0.0020%4h0.046310.000%$660K$973K50xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04643+0.257%$9K$24K10xas long as short
MEXC CHIP_USDT+0.0094%4h0.046310.000%$1.7M$1.2M50xas long as short
Binance CHIPUSDT+0.0095%4h0.04626−0.101%$13.9M$27.1M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CHIP+0.0096%1h0.04641+0.216%$96K$113K3xas long as short
Extended CHIP-USDshort+0.0096%1h0.04628−0.060%$211K$1.0M5x
Aftermath Perps CHIPUSD+0.0099%1h0.04649+0.398%$67$37K5xas long as short
Hyperliquid CHIP+0.0100%1h0.04638+0.155%$14.4M$6.1M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04633+0.043%$55K$279K5xas long as short
Pacifica CHIP+0.0100%1h0.04630−0.022%$16K$3K3xas long as short
Bitget CHIPUSDT+0.0100%4h0.04637+0.130%$1.9M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04629−0.043%$2.0Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04640+0.194%$35K$235K5xas long as short
Variational Omni CHIP+0.0100%4h0.04636+0.114%$816K$481Kas long as short
SunX CHIP-USDT+0.0100%4h0.04634+0.065%$690$1.0M10xas long as short
BloFin CHIP-USDT+0.0143%4h0.04636+0.108%$557K$64K50xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04717+1.861%$45K$37K50xas long as short