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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0323%/8h= +35.4% APRnext payment +$0.40 per $10,000 · paid last 24h +0.125%
Price spread now: Nado against ApeX Omni−0.240%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$690.691% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.375%+$37 on $10k
Price spread, last 4 days (all we have)−0.288%−$29 · spread now −0.240%, 7d avg −0.019%
Together, before fees+0.087%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.221% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.240% now, against its 7-day average of −0.019%). If the spread goes back, that is −$22 on $10k: about 2.3 days of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04797−0.0241get 0.0030% / 1h45m 18s$17K$246K50x
ShortNado CHIP-PERP0.047850.0082get 0.0010% / 1h45m 18s$242K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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
$67.86
Price spread: −0.240% → −0.019%
−$22.08
Slippage, 4 orders
−$52.1
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$23.33
Costs to cover
0.691%
Break-even
9.4 days
Slippage from ApeX Omni: live order book, 56 min ago; Nado: live order book, 57 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 ApeX Omni live order book, 56 min ago8.39 bp16.5 bp −$17135.4 bp −$1,354doesn't fitdoesn't fit
Sell Nado live order book, 57 min ago5.65 bp19.2 bp −$19doesn't fitdoesn'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−0.0335%1h0.04786−0.229%$3K$125K5xas long as short
ApeX Omni CHIPUSDTlong−0.0241%1h0.04797long leg$17K$246K50x
Bybit CHIPUSDT−0.0179%4h0.04790−0.146%$10.9M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0121%4h0.04786−0.229%$2.1M$9.7M20xas long as short
KuCoin CHIPUSDTM−0.0024%4h0.04790−0.146%$1.0M$1.1M50xas long as short
Nado CHIP-PERPshort+0.0082%1h0.04785−0.240%$242K$18K5x
Lighter CHIP+0.0096%1h0.04783−0.292%$99K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04799+0.042%$14.8M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04790−0.148%$50K$274K5xas long as short
Pacifica CHIP+0.0100%1h0.04781−0.331%$16K$4K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04787−0.213%$14.4M$27.0M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04793−0.083%$685K$973K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04785−0.250%$1.8M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04790−0.146%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04787−0.208%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04781−0.334%$26K$228K5xas long as short
Variational Omni CHIP+0.0100%4h0.04784−0.270%$917K$465Kas long as short
SunX CHIP-USDT+0.0100%4h0.04781−0.334%$698$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04784−0.278%$217K$1.9M5xas long as short
BloFin CHIP-USDT+0.0123%4h0.04790−0.146%$573K$101K50xas long as short
Aftermath Perps CHIPUSD+0.0165%1h0.04789−0.169%$172$36K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0230%1h0.04790−0.156%$10K$23K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0920%1h0.04839+0.882%$46K$37K50xas long as short