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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.73 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against KuCoin+0.042%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1351.350% 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−0.116%−$12 · spread now +0.042%, 7d avg −0.062%
Together, before fees+0.071%+$7 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 MEXC is 0.104% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04799−0.0046get 0.0023% / 4h1h 26m$1.0M$1.1M50x
ShortMEXC CHIP_USDT0.048010.0100get 0.0050% / 4h1h 26m$1.8M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$30.66
Price spread: +0.042% → −0.062%
$10.41
Slippage, 4 orders
−$123.03
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$93.96
Costs to cover
1.350%
Break-even
28.5 days
Slippage from KuCoin: live order book, 8 min ago; MEXC: live order book, 5 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, 8 min ago7.33 bp74.6 bp −$75602.0 bp −$6,020doesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago1.04 bp16.3 bp −$1695.8 bp −$958268.0 bp −$26.8K830.3 bp −$415.1K

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−0.0494%1h0.04791−0.167%$17K$246K50xas long as short
Bybit CHIPUSDT−0.0382%4h0.04808+0.188%$10.9M$9.0M20xas long as short
Nado CHIP-PERP−0.0182%1h0.04786−0.260%$242K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0179%4h0.04804+0.104%$2.1M$9.8M20xas long as short
Phoenix CHIP−0.0171%1h0.04795−0.083%$3K$128K5xas long as short
KuCoin CHIPUSDTMlong−0.0046%4h0.04799long leg$1.0M$1.1M50x
Aftermath Perps CHIPUSD−0.0021%1h0.04785−0.289%$62$36K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04801+0.038%$10K$24K10xas long as short
Lighter CHIP+0.0096%1h0.04805+0.125%$100K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04816+0.365%$14.9M$6.0M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT+0.0100%4h0.04803+0.090%$55K$272K5xas long as short
Pacifica CHIP+0.0100%1h0.04784−0.308%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04803+0.083%$14.4M$27.0M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04802+0.063%$689K$982K50xas long as short
MEXC CHIP_USDTshort+0.0100%4h0.04801+0.042%$1.8M$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04805+0.125%$2.1M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04804+0.104%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04805+0.125%$26K$230K5xas long as short
Variational Omni CHIP+0.0100%4h0.04803+0.076%$886K$442Kas long as short
SunX CHIP-USDT+0.0100%4h0.04779−0.417%$766$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04801+0.049%$218K$1.0M5xas long as short
BloFin CHIP-USDT+0.0110%4h0.04791−0.167%$569K$100K50xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04811+0.240%$46K$38K50xas long as short