CHIP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowCHIP-USDC	0.04229	+0.0100	pay 0.0013% / 1h	53m 23s	$58K	$461K	50x	Long TxFlow5% off
SHORT	PhoenixCHIP	0.04255	0	0.0000% / 1h	53m 23s	$132K	$180K	5x	Short Phoenix

Price gap+0.615%

Funding gap−0.0100% /8h

The gap pays +$36 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 12 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$1−0.0100% /8h now · paid +0.005% over the last 4 days (all we have)

Price+$36spread +0.615% now, avg +0.258% → +0.357% if it goes back

Costs−$1091.088% of $10k · taker + slippage, in and out

Result−$73−0.73%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.615%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CHIP on 24 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size23.5 / 31.6 bp
At $10k entering Phoenix costs 31.6 bp, fee and slippage, 1.3× TxFlow’s.
Note: Margin at max leverage$200 + $2,000
TxFlow 50x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$3.00Long TxFlow: 24 payments, −$3.00; short Phoenix: 24 payments, $0.00.
OK: Entry gap works for you+0.615% vs +0.258%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$58K vs $132K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Phoenix No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0005%/8h × 21 periods+$1.00

Price spread+0.615% → +0.258% (7d avg)+$35.66

Slippage, 4 orderslive order books−$92.81

Fee TxFlow bp × 2 orders−$9.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$72.15

Costs to cover1.088%Break-even514.0 days

Slippage: TxFlow: live order book, 38 min ago; Phoenix: live order book, 37 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow2.3523.5 bp−$23125.6 bp−$1,256doesn’t fitdoesn’t fit

SELL · SHORTPhoenix4.6731.6 bp−$3296.2 bp−$962doesn’t fitdoesn’t fit

Closing costs about the same again.

CHIP news

posts that mention CHIP, from every exchangeSearch all news →

10-28 10:42	TxFlow	Listing	At the community’s request, TxFlow has listed $CHIP. a DeFi protocol that finances AI infrastructure using GPU hardware as onchain collateral, now available with up to 50x leverage. @TxFlow_L1 on X ↗
10-28 09:24	RISEx	Listing	new market CHIP/USDC ($CHIP) seen by our collector
10-26 09:17	TxFlow	Listing	new market CHIP-USDC ($CHIP) seen by our collector