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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h +0.025%
Price spread now: Nado against KuCoin−0.218%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1421.425% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.244%+$24 on $10k
Price spread, last 4 days (all we have)+0.495%+$50 · spread now −0.218%, 7d avg −0.061%
Together, before fees+0.739%+ Points / potential airdropNado: Active · farm board+$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.157% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.061%). If the spread goes back, that is −$16 on $10k: about 36 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04825−0.0038get 0.0019% / 4h3h 57m$1.0M$1.1M50x
ShortNado CHIP-PERP0.048140.0312get 0.0039% / 1h57m 25s$244K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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
$73.42
Price spread: −0.218% → −0.061%
−$15.67
Slippage, 4 orders
−$123.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$84.73
Costs to cover
1.425%
Break-even
15.1 days
Slippage from KuCoin: live order book, 7 min ago; Nado: live order book, 40 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 KuCoin live order book, 7 min ago9.41 bp70.0 bp −$70698.3 bp −$6,983doesn't fitdoesn't fit
Sell Nado live order book, 40 min ago5.04 bp18.9 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%1h0.04814−0.228%$3K$122K5xas long as short
ApeX Omni CHIPUSDT−0.0212%1h0.04790−0.725%$17K$247K50xas long as short
OKX CHIP-USDT-SWAP−0.0057%4h0.04818−0.145%$2.2M$9.6M20xas long as short
KuCoin CHIPUSDTMlong−0.0038%4h0.04825long leg$1.0M$1.1M50x
Aftermath Perps CHIPUSD−0.0037%1h0.04794−0.634%$206$35K5xas long as short
BloFin CHIP-USDT+0.0089%4h0.04798−0.560%$578K$100K50xas long as short
Lighter CHIP+0.0096%1h0.04816−0.187%$100K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04825+0.010%$14.9M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04816−0.179%$49K$275K5xas long as short
Pacifica CHIP+0.0100%1h0.04814−0.230%$16K$4K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04817−0.165%$14.5M$26.8M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04822−0.062%$11.0M$9.0M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04814−0.228%$682K$967K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04814−0.228%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04817−0.166%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04814−0.228%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04791−0.708%$923K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.04796−0.601%$572$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04812−0.274%$219K$1.9M5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0230%1h0.04797−0.572%$10K$23K10xas long as short
Nado CHIP-PERPshort+0.0312%1h0.04814−0.218%$244K$18K5x
Coinbase International CHIP-PERP-INTX+0.0896%1h0.04815−0.211%$46K$37K50xas long as short
Backpack CHIP_USDC_PERP+0.1054%1h0.04795−0.622%$26K$212K5xas long as short