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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h −0.038%
Price spread now: Variational Omni against Nado+0.268%7-day average +0.048% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.175%−$18 on $10k
Price spread, last 4 days (all we have)+0.710%+$71 · spread now +0.268%, 7d avg +0.048%
Together, before fees+0.535%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.220% dearer against Nado than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 3 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado CHIP-PERP0.04729−0.0075get 0.0009% / 1h9m 12s$238K$19K5x
ShortVariational Omni CHIP0.047420.0100get 0.0050% / 4h2h 09m$899K$467K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$36.7
Price spread: +0.268% → +0.048%
$21.96
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$51.65
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Nado: live order book, 58 min ago; Variational Omni: RFQ quote, 60 min ago. Net counts fees only.

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, 58 min ago5.11 bp15.0 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 60 min ago7.47 bpdoesn't fit133.4 bp −$1,334doesn't fitdoesn'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−0.1400%1h0.04739+0.211%$15K$221K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0278%1h0.04733+0.078%$10K$24K10xas long as short
Phoenix CHIP−0.0172%1h0.04720−0.190%$3K$129K5xas long as short
ApeX Omni CHIPUSDT−0.0165%1h0.04760+0.656%$17K$244K50xas long as short
Nado CHIP-PERPlong−0.0075%1h0.04729long leg$238K$19K5x
OKX CHIP-USDT-SWAP−0.0059%4h0.04727−0.042%$2.0M$9.4M20xas long as short
Bybit CHIPUSDT+0.0033%4h0.04727−0.042%$11.0M$8.7M20xas long as short
Lighter CHIP+0.0096%1h0.04728−0.021%$88K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04741+0.264%$14.9M$6.0M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04738+0.181%$38K$261K5xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04739+0.222%$14K$6883xas long as short
Binance CHIPUSDT+0.0100%4h0.04724−0.116%$14.3M$26.2M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04742+0.275%$695K$961K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04727−0.042%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04736+0.148%$990K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04731+0.042%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04726−0.063%$1.9Mas long as short
Variational Omni CHIPshort+0.0100%4h0.04742+0.268%$899K$467K
SunX CHIP-USDT+0.0100%4h0.04725−0.085%$871$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04725−0.078%$216K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0388%1h0.04735+0.119%$104$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04785+1.182%$46K$41K50xas long as short