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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.071%
Price spread now: ApeX Omni against SunX−0.021%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$330as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2862.859% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.441%−$44 on $10k
Price spread, last 3 days (all we have)−0.296%−$30 · spread now −0.021%, 7d avg +0.011%
Together, before fees−0.737%−$74 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: ApeX Omni is 0.033% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.046800.0100pay 0.0050% / 4h42m 40s$820$1.1M10x
ShortApeX Omni CHIPUSDT0.046790.0100get 0.0013% / 1h42m 40s$14K$248K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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: −0.021% → +0.011%
−$3.27
Slippage, 4 orders
−$267.9
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$289.17
Costs to cover
2.859%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; ApeX Omni: live order book, 34 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 SunX live order book, 10 min ago45.91 bp124.9 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 34 min ago8.68 bp16.3 bp −$16131.9 bp −$1,319doesn'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−0.1336%1h0.04684+0.085%$15K$234K5xas long as short
Phoenix CHIP−0.0173%1h0.04687+0.150%$3K$140K5xas long as short
Aftermath Perps CHIPUSD−0.0104%1h0.04687+0.140%$87$39K5xas long as short
OKX CHIP-USDT-SWAP−0.0074%4h0.04685+0.107%$1.9M$9.3M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04688+0.165%$10K$24K10xas long as short
MEXC CHIP_USDT+0.0020%4h0.04683+0.064%$1.8M$1.1M50xas long as short
Binance CHIPUSDT+0.0022%4h0.04687+0.150%$14.1M$26.1M50xas long as short
Extended CHIP-USD+0.0024%1h0.04683+0.068%$214K$1.3M5xas long as short
BloFin CHIP-USDT+0.0031%4h0.04684+0.085%$548K$69K50xas long as short
Bybit CHIPUSDT+0.0065%4h0.04688+0.171%$10.9M$8.9M20xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CHIP+0.0096%1h0.04689+0.192%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04693+0.276%$14.7M$6.7M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04692+0.258%$51K$236K5xas long as short
Pacifica CHIP+0.0100%1h0.04687+0.145%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04687+0.150%$693K$911K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04687+0.150%$988K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04688+0.171%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04685+0.107%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04688+0.180%$878K$468Kas long as short
ApeX Omni CHIPUSDTshort+0.0100%1h0.04679−0.021%$14K$248K50x
SunX CHIP-USDTlong+0.0100%4h0.04680long leg$820$1.1M10x
Nado CHIP-PERP+0.0675%1h0.04681+0.032%$234K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04716+0.763%$45K$40K50xas long as short