data as of
Settings8H · net · $10k
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Price arb /

CHIP

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$171
spread now−0.088%7d average+0.066%fees + slippage, in and out−$156spread needed1.558%
Long on PhoenixShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix CHIP0.04545−0.0345get 0.0043% / 1h18m 35s$3K$178K5x
ShortKuCoin CHIPUSDTM0.045410.0100get 0.0050% / 4h2h 18m$981K$1.2M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$8.8
Funding while held
$13.34
Slippage, 4 orders
−$136.76
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$151.22
Spread needed to break even
1.558%
Slippage from Phoenix: live order book, 6 min ago; KuCoin: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0445%
Per $10,000 a day
+$13.34
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 6 min ago4.40 bp26.7 bp −$2779.5 bp −$795doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago11.00 bp42.1 bp −$42477.3 bp −$4,773doesn't fitdoesn't fit

CHIP price on every exchange

against the cheapest. Click to use as the short leg.
Nado0.04535cheapestAster0.04538+0.060%SunX0.04538+0.066%Backpack0.04539+0.088%BloFin0.04540+0.110%Lighter0.04541+0.132%Gate0.04541+0.132%
KuCoin0.04541+0.132%
ApeX Omni0.04541+0.132%Binance0.04542+0.151%MEXC0.04542+0.154%Bitget0.04542+0.154%Pacifica0.04542+0.163%Deribit0.04543+0.183%OKX0.04544+0.198%Extended0.04544+0.201%BingX0.04545+0.221%
Phoenix0.04545+0.221%
Variational Omni0.04545+0.229%Bybit0.04547+0.265%Hyperliquid0.04551+0.348%Aftermath Perps0.04553+0.400%Coinbase International0.04639+2.289%

CHIP on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado CHIP-PERP−0.220%−0.0148%1h$227K$18K5xas long as short
Aster CHIPUSDT−0.161%+0.0100%4h$42K$212K5xas long as short
SunX CHIP-USDT−0.154%+0.0100%4h$997$1.1M10xas long as short
Backpack CHIP_USDC_PERP−0.132%−0.1117%1h$16K$235K5xas long as short
BloFin CHIP-USDT−0.110%+0.0031%4h$555K$116K50xas long as short
Lighter CHIP−0.088%+0.0096%1h$85K$112K3xas long as short
Gate CHIP_USDT−0.088%+0.0100%4h$663K$861K50xas long as short
KuCoin CHIPUSDTMshort−0.088%+0.0100%4h$981K$1.2M50x
ApeX Omni CHIPUSDT−0.088%−0.0422%1h$13K$248K50xas long as short
Binance CHIPUSDT−0.069%−0.0012%4h$13.8M$25.4M50xas long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC CHIP_USDT−0.066%−0.0012%4h$1.9M$1.4M50xas long as short
Bitget CHIPUSDT−0.066%+0.0100%4h$1.8M$2.8M50xas long as short
Pacifica CHIP−0.057%+0.0100%1h$13K$7843xas long as short
Deribit CHIP_USDC-PERPETUAL−0.037%0.0000%1h$10K$24K10xas long as short
OKX CHIP-USDT-SWAP−0.022%−0.0092%4h$1.9M$9.2M20xas long as short
Extended CHIP-USD−0.019%−0.0016%1h$206K$1.3M5xas long as short
BingX CHIP-USDT0.000%+0.0100%4h—$1.9M—as long as short
Phoenix CHIPlong0.000%−0.0345%1h$3K$178K5x
Variational Omni CHIP+0.009%+0.0100%4h$850K$443K—as long as short
Bybit CHIPUSDT+0.044%−0.0053%4h$10.7M$9.5M20xas long as short
Hyperliquid CHIP+0.128%+0.0100%1h$14.5M$6.8M3xas long as short
Aftermath Perps CHIPUSD+0.179%−0.0037%1h$100$41K5xas long as short
Coinbase International CHIP-PERP-INTX+2.064%+0.0760%1h$45K$40K50xas long as short