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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against MEXC+0.147%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$790.787% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 4 days (all we have)+1.174%+$117 · spread now +0.147%, 7d avg +0.014%
Together, before fees+1.195%+$120 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.133% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CHIP_USDT0.047490.0100pay 0.0050% / 4h3h 30m$1.9M$1.0M50x
ShortBloFin CHIP-USDT0.047560.0124get 0.0062% / 4h3h 30m$578K$116K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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
$5.11
Price spread: +0.147% → +0.014%
$13.3
Slippage, 4 orders
−$66.67
Fee MEXC: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$60.27
Costs to cover
0.787%
Break-even
89.5 days
Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 45 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 MEXC live order book, 6 min ago1.05 bp11.9 bp −$1288.5 bp −$885243.9 bp −$24.4K745.7 bp −$372.9K
Sell BloFin live order book, 45 min ago6.28 bp28.5 bp −$2990.5 bp −$905doesn'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
Phoenix CHIP−0.0167%1h0.04756+0.147%$3K$122K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0149%1h0.04762+0.265%$10K$23K10xas long as short
ApeX Omni CHIPUSDT−0.0139%1h0.04756+0.147%$16K$246K50xas long as short
Aftermath Perps CHIPUSD−0.0068%1h0.04771+0.457%$243$35K5xas long as short
OKX CHIP-USDT-SWAP−0.0012%4h0.04748−0.021%$2.1M$9.5M20xas long as short
KuCoin CHIPUSDTM+0.0036%4h0.04755+0.126%$1.0M$1.2M50xas long as short
Nado CHIP-PERP+0.0074%1h0.04759+0.221%$241K$18K5xas long as short
Lighter CHIP+0.0096%1h0.04753+0.084%$99K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04755+0.128%$14.7M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04756+0.141%$49K$275K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04760+0.238%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04746−0.063%$14.2M$26.9M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04753+0.084%$10.8M$9.0M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04757+0.168%$714K$1.0M50xas long as short
MEXC CHIP_USDTlong+0.0100%4h0.04749long leg$1.9M$1.0M50x
Bitget CHIPUSDT+0.0100%4h0.04756+0.147%$2.0M$3.5M50xas long as short
BingX CHIP-USDT+0.0100%4h0.047490.000%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04761+0.253%$27K$211K5xas long as short
Variational Omni CHIP+0.0100%4h0.04763+0.299%$917K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.04760+0.232%$658$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04750+0.015%$221K$1.7M5xas long as short
BloFin CHIP-USDTshort+0.0124%4h0.04756+0.147%$578K$116K50x
Coinbase International CHIP-PERP-INTX+0.0896%1h0.04867+2.485%$47K$38K50xas long as short