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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.038%
Price spread now: BingX against Nado−0.064%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$760.758% 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 4 days (all we have)−0.259%−$26 · spread now −0.064%, 7d avg +0.025%
Together, before fees−0.433%+ Points / potential airdropNado: Active · farm board−$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.090% cheaper against Nado than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.025%). If the spread goes back, that is −$9 on $10k: about 2.8 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado CHIP-PERP0.04661−0.0008get 0.0001% / 1h31m 31s$235K$19K5x
ShortBingX CHIP-USDT0.046580.0100get 0.0050% / 4h2h 31m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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
$22.64
Price spread: −0.064% → +0.025%
−$8.96
Slippage, 4 orders
−$58.76
Fee Nado: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$62.08
Costs to cover
0.758%
Break-even
26.2 days
Slippage from Nado: live order book, 36 min ago; BingX: live order book, 6 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 Nado live order book, 36 min ago5.11 bp15.0 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago3.24 bp21.4 bp −$2171.4 bp −$714594.4 bp −$59.4Kdoesn't fit

CHIP on 22 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−0.1163%1h0.04667+0.129%$16K$218K5xas long as short
ApeX Omni CHIPUSDT−0.0342%1h0.04654−0.150%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04666+0.107%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0021%4h0.04659−0.043%$1.9M$9.1M20xas long as short
Nado CHIP-PERPlong−0.0008%1h0.04661long leg$235K$19K5x
Lighter CHIP+0.0096%1h0.04663+0.043%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04670+0.193%$14.6M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04659−0.046%$37K$254K5xas long as short
Pacifica CHIP+0.0100%1h0.04663+0.045%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04660−0.021%$14.0M$26.0M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.046610.000%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04659−0.043%$689K$951K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04659−0.043%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04660−0.021%$978K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04660−0.021%$1.9M$3.2M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04658−0.064%$1.9M
Variational Omni CHIP+0.0100%4h0.04651−0.219%$874K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04664+0.064%$853$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04658−0.069%$211K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0391%1h0.04651−0.221%$164$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0714%1h0.04672+0.227%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.150%$45K$40K50xas long as short