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

CHIP

all CHIP markets
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: Hyperliquid against KuCoin+0.228%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1701.698% 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−0.141%−$14 · spread now +0.228%, 7d avg +0.134%
Together, before fees+0.188%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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: Hyperliquid is 0.094% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.046840.0100pay 0.0050% / 4h3h 10m$980K$1.1M50x
ShortHyperliquid CHIP0.046950.0100get 0.0013% / 1h10m 17s$14.7M$6.5M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.228% → +0.134%
$9.44
Slippage, 4 orders
−$148.81
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$160.37
Costs to cover
1.698%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Hyperliquid: live order book, 2 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, 4 min ago8.53 bp71.1 bp −$71563.7 bp −$5,637doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.49 bp19.8 bp −$20doesn'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−0.0784%1h0.04671−0.278%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0273%1h0.04674−0.213%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04677−0.149%$3K$140K5xas long as short
Nado CHIP-PERP−0.0139%1h0.04680−0.075%$234K$18K5xas long as short
OKX CHIP-USDT-SWAP+0.0003%4h0.04686+0.043%$2.0M$9.1M20xas long as short
BloFin CHIP-USDT+0.0066%4h0.04677−0.149%$550K$65K50xas long as short
Lighter CHIP+0.0096%1h0.046840.000%$87K$108K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04695+0.228%$14.7M$6.5M3x
Aster CHIPUSDT+0.0100%4h0.04683−0.023%$49K$238K5xas long as short
Pacifica CHIP+0.0100%1h0.04684+0.006%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.046840.000%$14.1M$26.0M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04687+0.064%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04683−0.021%$693K$911K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04682−0.043%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTMlong+0.0100%4h0.04684long leg$980K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04683−0.021%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04683−0.021%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04677−0.155%$879K$458Kas long as short
SunX CHIP-USDT+0.0100%4h0.04680−0.085%$840$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04681−0.065%$212K$1.9M5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0155%1h0.04690+0.126%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0304%1h0.04674−0.209%$86$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04696+0.267%$45K$40K50xas long as short