Funding you earn now, next payment 22:00 UTC−0.0859%/8h= −94.1% APRnext payment −$1.07 per $10,000 · paid last 24h −0.120%
Price spread now: Backpack against Nado−0.054%7-day average +0.032% · 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−$64as 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)+0.189%+$19 · spread now −0.054%, 7d avg +0.032%
=Together, before fees−0.329%+ Points / potential airdropNado: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Backpack is 0.086% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CHIP-PERP | 0.04612 | −0.0187 | get 0.0023% / 1h | 23m 42s | $231K | $18K | 5x |
| Short | Backpack CHIP_USDC_PERP | 0.04610 | −0.1046 | pay 0.0131% / 1h | 23m 42s | $16K | $234K | 5x |
Nado CHIP-PERP
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Nado. 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
- −$180.38
- Price spread: −0.054% → +0.032%
- −$8.64
- Slippage, 4 orders
- −$38.54
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$244.56
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Nado: live order book, 63 min ago; Backpack: 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 Nado live order book, 63 min ago | 5.03 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 64 min ago | 3.21 bp | 10.9 bp −$11 | 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_PERPshort | −0.1046% | 1h | 0.04610 | −0.054% | $16K | $234K | 5x | |
| ApeX Omni CHIPUSDT | −0.0599% | 1h | 0.04611 | −0.033% | $14K | $248K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0594% | 1h | 0.04615 | +0.052% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0187% | 4h | 0.04611 | −0.033% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERPlong | −0.0187% | 1h | 0.04612 | long leg | $231K | $18K | 5x | |
| Phoenix CHIP | −0.0173% | 1h | 0.04618 | +0.119% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0170% | 4h | 0.04607 | −0.119% | $1.9M | $9.2M | 20x | as long as short |
| BloFin CHIP-USDT | −0.0152% | 4h | 0.04610 | −0.054% | $542K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04608 | −0.089% | $210K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0116% | 4h | 0.04605 | −0.163% | $13.9M | $25.7M | 50x | as long as short |
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0116% | 4h | 0.04604 | −0.184% | $1.8M | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0084% | 1h | 0.04607 | −0.123% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0029% | 4h | 0.04610 | −0.057% | $44K | $226K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04609 | −0.076% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04614 | +0.041% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04610 | −0.054% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04613 | +0.011% | $693K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04610 | −0.054% | $985K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04610 | −0.054% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04606 | −0.141% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.127% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04608 | −0.098% | $603 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.122% | $46K | $41K | 50x | as long as short |
MEXC 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