Funding you earn now, next payment 03:00 UTC−0.0751%/8h= −82.2% APRnext payment −$0.94 per $10,000 · paid last 24h −0.169%
Price spread now: Backpack against Nado−0.062%7-day average +0.031% · 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−$72as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 3 days (all we have)−0.579%−$58 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.062%, 7d avg +0.031%
=Together, before fees−0.730%+ Points / potential airdropNado: Active · farm board−$73 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Backpack is 0.094% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CHIP-PERP | 0.04806 | 0.0220 | pay 0.0027% / 1h | 22m 29s | $242K | $19K | 5x |
| Short | Backpack CHIP_USDC_PERP | 0.04803 | −0.0531 | pay 0.0066% / 1h | 22m 29s | $26K | $237K | 5x |
Nado CHIP-PERP
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Nado. 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
- −$157.66
- Price spread: −0.062% → +0.031%
- −$9.37
- Slippage, 4 orders
- −$45.33
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$229.36
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Nado: live order book, 40 min ago; Backpack: live order book, 41 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 Nado live order book, 40 min ago | 5.68 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 41 min ago | 2.10 bp | 15.6 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0585% | 1h | 0.04784 | −0.458% | $17K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0552% | 4h | 0.04813 | +0.146% | $11.1M | $8.9M | 20x | as long as short |
| Backpack CHIP_USDC_PERPshort | −0.0531% | 1h | 0.04803 | −0.062% | $26K | $237K | 5x | |
| Phoenix CHIP | −0.0337% | 1h | 0.04773 | −0.687% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0266% | 4h | 0.04810 | +0.083% | $2.1M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0037% | 4h | 0.04808 | +0.051% | $46K | $270K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04806 | −0.010% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0061% | 4h | 0.04792 | −0.291% | $575K | $63K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04811 | +0.104% | $89K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04825 | +0.391% | $15.2M | $6.1M | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04810 | +0.087% | $14K | $689 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04808 | +0.045% | $14.6M | $26.4M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04813 | +0.146% | $711K | $950K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04806 | 0.000% | $1.9M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04812 | +0.125% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04811 | +0.104% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04808 | +0.042% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04776 | −0.624% | $849K | $528K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04789 | −0.354% | $960 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04805 | −0.016% | $221K | $1.9M | 5x | as long as short |
| Nado CHIP-PERPlong | +0.0220% | 1h | 0.04806 | long leg | $242K | $19K | 5x | |
| Aftermath Perps CHIPUSD | +0.0399% | 1h | 0.04795 | −0.223% | $123 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04822 | +0.323% | $46K | $41K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX