Funding you earn now, next payment 02:00 UTC−0.0431%/8h= −47.2% APRnext payment −$0.54 per $10,000 · paid last 24h −0.115%
Price spread now: Phoenix against Nado−0.208%7-day average +0.004% · 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−$108as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 3 days (all we have)−0.442%−$44 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.208%, 7d avg +0.004%
=Together, before fees−0.274%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phoenix is 0.212% cheaper against Nado than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CHIP-PERP | 0.04802 | 0.0094 | pay 0.0012% / 1h | 16m 44s | $242K | $19K | 5x |
| Short | Phoenix CHIP | 0.04792 | −0.0337 | pay 0.0042% / 1h | 16m 44s | $3K | $130K | 5x |
Nado CHIP-PERP
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$90.54
- Price spread: −0.208% → +0.004%
- −$21.22
- Slippage, 4 orders
- −$72.45
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$198.21
- Costs to cover
- 0.864%
- Break-even
- never at this rate
Slippage from Nado: live order book, 46 min ago; Phoenix: live order book, 39 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, 46 min ago | 5.68 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 39 min ago | 4.20 bp | 25.7 bp −$26 | 71.4 bp −$714 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0589% | 4h | 0.04799 | −0.062% | $11.1M | $8.9M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0535% | 1h | 0.04815 | +0.271% | $17K | $245K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0388% | 1h | 0.04804 | +0.042% | $26K | $237K | 5x | as long as short |
| Phoenix CHIPshort | −0.0337% | 1h | 0.04792 | −0.208% | $3K | $130K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0269% | 4h | 0.04793 | −0.187% | $2.1M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0055% | 4h | 0.04803 | +0.015% | $47K | $271K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04804 | +0.040% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0048% | 4h | 0.04799 | −0.062% | $577K | $63K | 50x | as long as short |
| Nado CHIP-PERPlong | +0.0094% | 1h | 0.04802 | long leg | $242K | $19K | 5x | |
| Lighter CHIP | +0.0096% | 1h | 0.04798 | −0.083% | $89K | $107K | 3x | as long as short |
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0096% | 1h | 0.04791 | −0.234% | $221K | $1.9M | 5x | as long as short |
| Binance CHIPUSDT | +0.0097% | 4h | 0.04794 | −0.167% | $14.5M | $26.4M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0098% | 4h | 0.04794 | −0.167% | $1.9M | $1.2M | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04810 | +0.158% | $15.1M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04802 | +0.002% | $14K | $689 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04797 | −0.104% | $708K | $950K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04797 | −0.104% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04798 | −0.083% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04795 | −0.146% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04817 | +0.304% | $857K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04786 | −0.333% | $727 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0424% | 1h | 0.04803 | +0.028% | $84 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +1.100% | $47K | $42K | 50x | as long as short |
Extended CHIP-USD
Binance CHIPUSDT
MEXC CHIP_USDT
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX