CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0427%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h +0.015%

Price spread now: Deribit against Nado+0.084%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.084% dearer against Nado than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CHIP-PERP	0.04759	0.0110	pay 0.0014% / 1h	40m 10s	$241K	$18K	5x
Short	Deribit CHIP_USDC-PERPETUAL	0.04763	−0.0316	pay 0.0040% / 1h	40m 10s	$10K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee NadobpFee DeribitbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$89.57
Price spread: +0.084% → 0.000%: $8.4
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$95.16
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 57 min ago; Deribit: no order-book sample. Net counts fees only.

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, 57 min ago	5.04 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit CHIP_USDC-PERPETUALshort	−0.0316%	1h	0.04763	+0.084%	$10K	$23K	10x
Phoenix CHIP	−0.0167%	1h	0.04794	+0.725%	$3K	$122K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0024%	4h	0.04766	+0.137%	$2.2M	$9.5M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0006%	1h	0.04810	+1.064%	$301	$35K	5x	as long as short
KuCoin CHIPUSDTM	+0.0018%	4h	0.04766	+0.137%	$1.0M	$1.2M	50x	as long as short
ApeX Omni CHIPUSDT	+0.0091%	1h	0.04830	+1.481%	$17K	$246K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04766	+0.137%	$99K	$106K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04778	+0.380%	$14.8M	$5.9M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04763	+0.074%	$49K	$275K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04770	+0.223%	$16K	$4K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04764	+0.095%	$14.3M	$26.9M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04769	+0.200%	$10.9M	$9.0M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04766	+0.137%	$715K	$1.0M	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04766	+0.137%	$1.9M	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04771	+0.242%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04767	+0.158%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04790	+0.645%	$924K	$472K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04757	−0.053%	$718	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04760	+0.016%	$216K	$1.7M	5x	as long as short
Nado CHIP-PERPlong	+0.0110%	1h	0.04759	long leg	$241K	$18K	5x
BloFin CHIP-USDT	+0.0124%	4h	0.04790	+0.641%	$577K	$117K	50x	as long as short
Backpack CHIP_USDC_PERP	+0.0157%	1h	0.04771	+0.242%	$26K	$208K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0896%	1h	0.04867	+2.259%	$47K	$38K	50x	as long as short