Funding you earn now, next payment 23:00 UTC+0.0696%/8h= +76.2% APRnext payment +$0.87 per $10,000 · paid last 24h +0.120%
Price spread now: Nado against Backpack−0.274%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 3 days (all we have)+0.518%+$52 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.274%, 7d avg −0.032%
=Together, before fees+0.657%+ Points / potential airdropNado: Active · farm board+$66 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.242% cheaper against Backpack than usual: you would sell low and buy high (spread −0.274% now, against its 7-day average of −0.032%). If the spread goes back, that is −$24 on $10k: about 28 hours of funding at the current rate (+$21 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CHIP_USDC_PERP | 0.04563 | −0.0931 | get 0.0116% / 1h | 56m 57s | $16K | $234K | 5x |
| Short | Nado CHIP-PERP | 0.04550 | −0.0235 | pay 0.0029% / 1h | 56m 57s | $228K | $18K | 5x |
Backpack CHIP_USDC_PERP
Nado CHIP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $146.2
- Price spread: −0.274% → −0.032%
- −$24.17
- Slippage, 4 orders
- −$39.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $65.33
- Costs to cover
- 0.567%
- Break-even
- 3.9 days
Slippage from Backpack: live order book, 26 min ago; Nado: live order book, 26 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 26 min ago | 2.17 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 26 min ago | 5.10 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
CHIP on 23 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERPlong | −0.0931% | 1h | 0.04563 | long leg | $16K | $234K | 5x | |
| ApeX Omni CHIPUSDT | −0.0656% | 1h | 0.04540 | −0.504% | $14K | $249K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0263% | 4h | 0.04569 | +0.131% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERPshort | −0.0235% | 1h | 0.04550 | −0.274% | $228K | $18K | 5x | |
| Bybit CHIPUSDT | −0.0211% | 4h | 0.04567 | +0.088% | $10.7M | $9.0M | 20x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04548 | −0.329% | $3K | $143K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0155% | 1h | 0.04555 | −0.173% | $109 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0141% | 4h | 0.04556 | −0.153% | $544K | $65K | 50x | as long as short |
| MEXC CHIP_USDT | −0.0130% | 4h | 0.04565 | +0.044% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | −0.0129% | 4h | 0.04566 | +0.066% | $13.8M | $26.0M | 50x | as long as short |
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
Phoenix CHIP
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
MEXC CHIP_USDT
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | −0.0128% | 1h | 0.04566 | +0.062% | $207K | $1.3M | 5x | as long as short |
| Aster CHIPUSDT | +0.0002% | 4h | 0.04566 | +0.065% | $47K | $228K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0057% | 1h | 0.04565 | +0.048% | $9K | $25K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04559 | −0.088% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04569 | +0.125% | $14.4M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04551 | −0.270% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04561 | −0.044% | $676K | $901K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04561 | −0.044% | $974K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04564 | +0.022% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04568 | +0.110% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04545 | −0.387% | $835K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04555 | −0.175% | $889 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +4.241% | $46K | $41K | 50x | as long as short |
Extended CHIP-USD
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX