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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.050%
Price spread now: Nado against Binance−0.087%48s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$640.639% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.183%+$18 on $10k
Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.087%, 7d avg −0.006%
Together, before fees+0.116%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.081% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.006%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.183%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CHIPUSDT0.04585−0.0116get 0.0058% / 4h1h 39m$13.8M$25.9M50x
ShortNado CHIP-PERP0.04581−0.0168pay 0.0021% / 1h39m 42s$229K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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
−$10.75
Price spread: −0.087% → −0.006%
−$8.12
Slippage, 4 orders
−$46.91
Fee Binance: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$82.78
Costs to cover
0.639%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Nado: live order book, 43 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 Binance live order book, 2 min ago1.09 bp15.1 bp −$1563.4 bp −$634doesn't fitdoesn't fit
Sell Nado live order book, 43 min ago5.10 bp20.1 bp −$20doesn'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
Backpack CHIP_USDC_PERP−0.1284%1h0.04583−0.044%$16K$234K5xas long as short
Phoenix CHIP−0.0352%1h0.04581−0.087%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0231%4h0.04591+0.131%$1.9M$9.1M20xas long as short
Aftermath Perps CHIPUSD−0.0206%1h0.04582−0.059%$110$39K5xas long as short
Nado CHIP-PERPshort−0.0168%1h0.04581−0.087%$229K$18K5x
Extended CHIP-USD−0.0120%1h0.04587+0.048%$209K$1.3M5xas long as short
Binance CHIPUSDTlong−0.0116%4h0.04585long leg$13.8M$25.9M50x
MEXC CHIP_USDT−0.0116%4h0.045850.000%$1.8M$1.2M50xas long as short
BloFin CHIP-USDT−0.0102%4h0.04577−0.174%$539K$67K50xas long as short
Bybit CHIPUSDT−0.0064%4h0.04589+0.087%$10.7M$8.9M20xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni CHIPUSDT−0.0006%1h0.04584−0.022%$14K$248K50xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04588+0.059%$10K$25K10xas long as short
Aster CHIPUSDT+0.0041%4h0.04586+0.022%$47K$229K5xas long as short
Lighter CHIP+0.0096%1h0.04588+0.065%$85K$109K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04593+0.174%$14.5M$6.8M3xas long as short
Pacifica CHIP+0.0100%1h0.04589+0.076%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04584−0.022%$678K$902K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04586+0.022%$974K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04588+0.065%$2.0M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04588+0.065%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04580−0.110%$844K$465Kas long as short
SunX CHIP-USDT+0.0100%4h0.04575−0.218%$1K$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0824%1h0.04757+3.740%$46K$41K50xas long as short