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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h −0.056%
Price spread now: Extended against Nado+0.023%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1041.043% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.191%−$19 on $10k
Price spread, last 3 days (all we have)−0.155%−$16 · spread now +0.023%, 7d avg −0.041%
Together, before fees−0.346%+ Points / potential airdropNado: Active · Extended: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.064% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.041%. Mind the row above: over the last 3 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado CHIP-PERP0.04588−0.0181get 0.0023% / 1h53m 24s$230K$18K5x
ShortExtended CHIP-USD0.04589−0.0080pay 0.0010% / 1h53m 24s$209K$1.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.15
Price spread: +0.023% → −0.041%
$6.41
Slippage, 4 orders
−$92.25
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$76.69
Costs to cover
1.043%
Break-even
32.4 days
Slippage from Nado: live order book, 34 min ago; Extended: live order book, 5 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, 34 min ago5.03 bp14.4 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 5 min ago3.68 bp37.8 bp −$38262.4 bp −$2,624doesn'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−0.2158%1h0.04587−0.022%$16K$234K5xas long as short
ApeX Omni CHIPUSDT−0.1119%1h0.04620+0.697%$14K$249K50xas long as short
Bybit CHIPUSDT−0.0429%4h0.04593+0.109%$10.7M$8.9M20xas long as short
Nado CHIP-PERPlong−0.0181%1h0.04588long leg$230K$18K5x
Phoenix CHIP−0.0173%1h0.04589+0.022%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0153%4h0.04589+0.022%$1.9M$9.1M20xas long as short
Aster CHIPUSDT−0.0080%4h0.04593+0.112%$41K$226K5xas long as short
Extended CHIP-USDshort−0.0080%1h0.04589+0.023%$209K$1.3M5x
Binance CHIPUSDT−0.0077%4h0.04590+0.052%$13.9M$25.6M50xas long as short
MEXC CHIP_USDT−0.0076%4h0.04590+0.044%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT−0.0022%4h0.04592+0.087%$496K$69K50xas long as short
Aftermath Perps CHIPUSD+0.0072%1h0.04616+0.601%$85$39K5xas long as short
Lighter CHIP+0.0096%1h0.04589+0.022%$85K$110K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04598+0.216%$14.8M$6.6M3xas long as short
Pacifica CHIP+0.0100%1h0.04590+0.044%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04595+0.153%$700K$891K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04592+0.087%$982K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04594+0.131%$1.9M$3.0M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04591+0.065%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04622+0.741%$842K$463Kas long as short
SunX CHIP-USDT+0.0100%4h0.04585−0.065%$828$1.0M10xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0708%1h0.04600+0.253%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+3.673%$46K$41K50xas long as short