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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against SunX−0.043%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$299as in the Funding arb table
Net, price: spread back to 7d avg − costs−$307as in the Price arb table
costs, in and out, $10k−$2992.991% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.155%−$16 · spread now −0.043%, 7d avg +0.037%
Together, before fees−0.158%−$16 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: BingX is 0.080% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.046730.0100pay 0.0050% / 4h2h 55m$747$1.0M10x
ShortBingX CHIP-USDT0.046710.0100get 0.0050% / 4h2h 55m$2.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.043% → +0.037%
−$7.99
Slippage, 4 orders
−$281.06
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$307.05
Costs to cover
2.991%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; BingX: live order book, 7 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, 7 min ago46.15 bp124.9 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago4.29 bp24.4 bp −$2483.9 bp −$839doesn'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
Bybit CHIPUSDT−0.0598%4h0.04670−0.064%$10.6M$9.1M20xas long as short
Phoenix CHIP−0.0338%1h0.04671−0.043%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0259%4h0.04669−0.086%$2.0M$9.6M20xas long as short
ApeX Omni CHIPUSDT−0.0237%1h0.04674+0.021%$16K$246K50xas long as short
Nado CHIP-PERP−0.0055%1h0.04674+0.032%$237K$18K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04680+0.141%$9K$24K10xas long as short
BloFin CHIP-USDT+0.0044%4h0.04688+0.321%$566K$64K50xas long as short
KuCoin CHIPUSDTM+0.0046%4h0.04680+0.150%$983K$1.1M50xas long as short
Lighter CHIP+0.0096%1h0.04674+0.021%$96K$113K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04682+0.195%$14.5M$6.2M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT+0.0100%4h0.04676+0.062%$55K$279K5xas long as short
Pacifica CHIP+0.0100%1h0.04680+0.154%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04667−0.128%$14.1M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04687+0.300%$671K$961K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04668−0.107%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04671−0.043%$2.0M$3.4M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04671−0.043%$2.0M
Variational Omni CHIP+0.0100%4h0.04674+0.025%$823K$481Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04673long leg$747$1.0M10x
Extended CHIP-USD+0.0104%1h0.04667−0.134%$216K$1.0M5xas long as short
Aftermath Perps CHIPUSD+0.0234%1h0.04679+0.118%$68$37K5xas long as short
Backpack CHIP_USDC_PERP+0.0624%1h0.04677+0.086%$34K$232K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04711+0.824%$45K$37K50xas long as short