Funding you earn now, next payment 22:00 UTC+0.0799%/8h= +87.5% APRnext payment +$1.00 per $10,000 · paid last 24h +0.120%
Price spread now: Nado against Backpack+0.043%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 3 days (all we have)+0.518%+$52 on $10k
+Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.043%, 7d avg −0.032%
=Together, before fees+0.340%+ Points / potential airdropNado: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Nado is 0.076% dearer against Backpack than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CHIP_USDC_PERP | 0.04607 | −0.0986 | get 0.0123% / 1h | 22m 59s | $16K | $234K | 5x |
| Short | Nado CHIP-PERP | 0.04609 | −0.0187 | pay 0.0023% / 1h | 22m 59s | $231K | $18K | 5x |
Backpack CHIP_USDC_PERP
Nado CHIP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. 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
- $167.85
- Price spread: +0.043% → −0.032%
- $7.56
- Slippage, 4 orders
- −$38.54
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $119.87
- Costs to cover
- 0.555%
- Break-even
- 2.0 days
Slippage from Backpack: live order book, 65 min ago; Nado: live order book, 64 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 Backpack live order book, 65 min ago | 3.21 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 64 min ago | 5.03 bp | 19.2 bp −$19 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERPlong | −0.0986% | 1h | 0.04607 | long leg | $16K | $234K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0704% | 1h | 0.04608 | +0.020% | $10K | $24K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0599% | 1h | 0.04611 | +0.087% | $14K | $248K | 50x | as long as short |
| Nado CHIP-PERPshort | −0.0187% | 1h | 0.04609 | +0.043% | $231K | $18K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0175% | 4h | 0.04607 | 0.000% | $1.9M | $9.2M | 20x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04618 | +0.239% | $3K | $143K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0171% | 4h | 0.04611 | +0.087% | $10.7M | $8.9M | 20x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04606 | −0.024% | $210K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0116% | 4h | 0.04604 | −0.065% | $13.9M | $25.7M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0116% | 4h | 0.04603 | −0.087% | $1.8M | $1.2M | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Phoenix CHIP
Bybit CHIPUSDT
Extended CHIP-USD
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | −0.0097% | 4h | 0.04609 | +0.043% | $542K | $66K | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0081% | 1h | 0.04608 | +0.015% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0029% | 4h | 0.04613 | +0.121% | $44K | $226K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04607 | 0.000% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04613 | +0.137% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04610 | +0.065% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04612 | +0.109% | $692K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04609 | +0.043% | $985K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04608 | +0.022% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04605 | −0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.246% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04604 | −0.065% | $427 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.245% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX