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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.007%
Price spread now: OKX against Pacifica−0.314%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.314% cheaper against Pacifica than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica CHIP0.047800.0100pay 0.0013% / 1h35m 47s$14K$6893x
ShortOKX CHIP-USDT-SWAP0.04765−0.0182pay 0.0091% / 4h1h 35m$2.0M$9.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Pacifica. 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
−$59.21
Price spread: −0.314% → 0.000%
−$31.38
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$108.59
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell OKX live order book, 2 min ago2.10 bp24.6 bp −$25201.5 bp −$2,015doesn't fitdoesn't fit
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1171%1h0.04787+0.146%$28K$235K5xas long as short
ApeX Omni CHIPUSDT−0.0441%1h0.04747−0.690%$17K$244K50xas long as short
Bybit CHIPUSDT−0.0371%4h0.04779−0.021%$11.0M$8.9M20xas long as short
Phoenix CHIP−0.0337%1h0.04761−0.397%$3K$130K5xas long as short
OKX CHIP-USDT-SWAPshort−0.0182%4h0.04765−0.314%$2.0M$9.5M20x
Aster CHIPUSDT+0.0003%4h0.04785+0.105%$46K$271K5xas long as short
BloFin CHIP-USDT+0.0058%4h0.04757−0.481%$568K$63K50xas long as short
Lighter CHIP+0.0096%1h0.04777−0.063%$89K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04792+0.247%$15.0M$6.1M3xas long as short
Pacifica CHIPlong+0.0100%1h0.04780long leg$14K$6893x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04774−0.126%$14.4M$26.2M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04778−0.042%$706K$946K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04776−0.084%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04778−0.042%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04773−0.146%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04776−0.084%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04784+0.085%$849K$528Kas long as short
SunX CHIP-USDT+0.0100%4h0.04760−0.418%$803$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04780+0.004%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0349%1h0.04760−0.421%$141$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0418%1h0.04792+0.247%$10K$24K10xas long as short
Nado CHIP-PERP+0.0537%1h0.04777−0.063%$241K$19K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0832%1h0.04788+0.174%$46K$41K50xas long as short