CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.029%

Price spread now: Nado against Deribit−0.100%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.100% cheaper against Deribit than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 38 hours of funding at the current rate (+$6 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04609	−0.0335	get 0.0042% / 1h	13m 27s	$10K	$25K	10x
Short	Nado CHIP-PERP	0.04605	−0.0128	pay 0.0016% / 1h	13m 27s	$230K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee NadobpOrdersPrice spread, now −0.100%Rate

Funding earned: $43.63
Price spread: −0.100% → 0.000%: −$9.98
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $19.65
Costs to cover: 0.140%
Break-even: 3.8 days

Slippage unknown: Deribit: no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	4.77 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERP	−0.1267%	1h	0.04608	−0.024%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04606	−0.067%	$3K	$143K	5x	as long as short
Deribit CHIP_USDC-PERPETUALlong	−0.0335%	1h	0.04609	long leg	$10K	$25K	10x
OKX CHIP-USDT-SWAP	−0.0147%	4h	0.04604	−0.111%	$1.9M	$9.2M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0133%	1h	0.04608	−0.015%	$117	$39K	5x	as long as short
Nado CHIP-PERPshort	−0.0128%	1h	0.04605	−0.100%	$230K	$18K	5x
Binance CHIPUSDT	−0.0043%	4h	0.04600	−0.199%	$13.8M	$26.0M	50x	as long as short
MEXC CHIP_USDT	−0.0042%	4h	0.04600	−0.197%	$1.8M	$1.2M	50x	as long as short
Extended CHIP-USD	−0.0040%	1h	0.04603	−0.142%	$210K	$1.3M	5x	as long as short
BloFin CHIP-USDT	−0.0030%	4h	0.04608	−0.024%	$540K	$67K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.0006%	1h	0.04610	+0.020%	$14K	$247K	50x	as long as short
Bybit CHIPUSDT	+0.0066%	4h	0.04605	−0.089%	$10.7M	$8.9M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04604	−0.111%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04610	+0.013%	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04609	−0.008%	$48K	$230K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04610	+0.020%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04609	−0.002%	$681K	$910K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04606	−0.067%	$986K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04608	−0.024%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04603	−0.132%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04611	+0.050%	$849K	$455K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04607	−0.046%	$767	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04636	+0.581%	$45K	$40K	50x	as long as short