Funding you earn now, next payment 03:00 UTC+0.0447%/8h= +48.9% APRnext payment +$0.56 per $10,000 · paid last 24h +0.116%
Price spread now: Nado against Phoenix−0.719%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−$158as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 3 days (all we have)+0.442%+$44 on $10k
+Price spread, last 4 days (all we have)+0.760%+$76 · spread now −0.719%, 7d avg −0.004%
=Together, before fees+1.202%+ Points / potential airdropNado: Active · farm board+$120 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.715% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.719% now, against its 7-day average of −0.004%). If the spread goes back, that is −$72 on $10k: about 5.3 days of funding at the current rate (+$13 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04726 | −0.0510 | get 0.0064% / 1h | 52m 49s | $3K | $129K | 5x |
| Short | Nado CHIP-PERP | 0.04692 | −0.0063 | pay 0.0008% / 1h | 52m 49s | $237K | $20K | 5x |
Phoenix CHIP
Nado CHIP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. 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
- $93.83
- Price spread: −0.719% → −0.004%
- −$71.55
- Slippage, 4 orders
- −$72.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$63.88
- Costs to cover
- 0.862%
- Break-even
- 11.8 days
Slippage from Phoenix: live order book, 63 min ago; Nado: live order book, 5 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 Phoenix live order book, 63 min ago | 4.20 bp | 25.7 bp −$26 | 79.1 bp −$791 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 5.11 bp | 19.9 bp −$20 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.1201% | 1h | 0.04689 | −0.783% | $16K | $246K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0557% | 1h | 0.04700 | −0.550% | $33K | $243K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0514% | 4h | 0.04687 | −0.825% | $10.8M | $9.0M | 20x | as long as short |
| Phoenix CHIPlong | −0.0510% | 1h | 0.04726 | long leg | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0344% | 4h | 0.04684 | −0.889% | $2.0M | $9.5M | 20x | as long as short |
| Aster CHIPUSDT | −0.0091% | 4h | 0.04702 | −0.516% | $50K | $274K | 5x | as long as short |
| Nado CHIP-PERPshort | −0.0063% | 1h | 0.04692 | −0.719% | $237K | $20K | 5x | |
| Binance CHIPUSDT | +0.0079% | 4h | 0.04688 | −0.800% | $14.2M | $26.7M | 50x | as long as short |
| Extended CHIP-USD | +0.0080% | 1h | 0.04693 | −0.704% | $214K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0080% | 4h | 0.04689 | −0.783% | $1.8M | $1.2M | 50x | as long as short |
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Binance CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04690 | −0.762% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04701 | −0.533% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04696 | −0.639% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04705 | −0.444% | $684K | $949K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04696 | −0.635% | $983K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04696 | −0.635% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04694 | −0.677% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04729 | +0.058% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04700 | −0.550% | $810 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0125% | 4h | 0.04697 | −0.614% | $564K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0375% | 1h | 0.04719 | −0.152% | $134 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +2.725% | $47K | $42K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.1175% | 1h | 0.04709 | −0.358% | $10K | $24K | 10x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL