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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h +0.049%
Price spread now: Nado against BloFin+0.177%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$680.683% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.174%+$17 on $10k
Price spread, last 3 days (all we have)−1.160%−$116 · spread now +0.177%, 7d avg −0.035%
Together, before fees−0.986%+ Points / potential airdropNado: Active · farm board−$99 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.211% dearer against BloFin than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of −0.035%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.0 days. Mind the row above: over the last 3 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CHIP-USDT0.04531−0.0079get 0.0039% / 4h2h 02m$538K$65K50x
ShortNado CHIP-PERP0.04539−0.0180pay 0.0022% / 1h2m 24s$227K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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
−$21.24
Price spread: +0.177% → −0.035%
$21.12
Slippage, 4 orders
−$49.29
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$68.42
Costs to cover
0.683%
Break-even
never at this rate
Slippage from BloFin: live order book, 19 min ago; Nado: live order book, 20 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 BloFin live order book, 19 min ago3.26 bp22.3 bp −$2247.3 bp −$473doesn't fitdoesn't fit
Sell Nado live order book, 20 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−0.0769%1h0.04534+0.066%$15K$234K5xas long as short
ApeX Omni CHIPUSDT−0.0660%1h0.04575+0.971%$14K$249K50xas long as short
Bybit CHIPUSDT−0.0315%4h0.04538+0.154%$10.6M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0293%4h0.04535+0.088%$1.9M$9.1M20xas long as short
Nado CHIP-PERPshort−0.0180%1h0.04539+0.177%$227K$18K5x
Phoenix CHIP−0.0173%1h0.04571+0.883%$3K$143K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0146%1h0.04539+0.172%$9K$25K10xas long as short
Binance CHIPUSDT−0.0138%4h0.04532+0.022%$13.7M$26.0M50xas long as short
Extended CHIP-USD−0.0136%1h0.04535+0.087%$206K$1.3M5xas long as short
MEXC CHIP_USDT−0.0136%4h0.04532+0.022%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CHIPUSD−0.0096%1h0.04571+0.889%$194$39K5xas long as short
BloFin CHIP-USDTlong−0.0079%4h0.04531long leg$538K$65K50x
Aster CHIPUSDT−0.0016%4h0.04538+0.158%$46K$228K5xas long as short
Lighter CHIP+0.0096%1h0.04534+0.066%$84K$110K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04539+0.183%$14.3M$6.8M3xas long as short
Pacifica CHIP+0.0100%1h0.04535+0.099%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04536+0.110%$673K$910K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04532+0.022%$969K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04538+0.154%$1.9M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04535+0.088%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04584+1.176%$835K$462Kas long as short
SunX CHIP-USDT+0.0100%4h0.04532+0.022%$837$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+4.977%$46K$41K50xas long as short