CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0366%/8h= −40.1% APRnext payment −$0.46 per $10,000 · paid last 24h +0.029%

Price spread now: Deribit against Nado+0.043%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.043% dearer against Nado than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CHIP-PERP	0.04609	−0.0121	get 0.0015% / 1h	15m 08s	$231K	$18K	5x
Short	Deribit CHIP_USDC-PERPETUAL	0.04611	−0.0487	pay 0.0061% / 1h	15m 08s	$10K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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 NadobpFee DeribitbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$76.84
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$86.5
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; Deribit: no order-book sample. 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 Nado live order book, 2 min ago	4.77 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	−0.1265%	1h	0.04611	+0.043%	$16K	$234K	5x	as long as short
Deribit CHIP_USDC-PERPETUALshort	−0.0487%	1h	0.04611	+0.043%	$10K	$25K	10x
Phoenix CHIP	−0.0352%	1h	0.04606	−0.065%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0141%	4h	0.04612	+0.065%	$1.9M	$9.2M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0124%	1h	0.04608	−0.019%	$117	$39K	5x	as long as short
Nado CHIP-PERPlong	−0.0121%	1h	0.04609	long leg	$231K	$18K	5x
Extended CHIP-USD	−0.0048%	1h	0.04609	−0.010%	$210K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0045%	4h	0.04608	−0.022%	$13.8M	$26.0M	50x	as long as short
MEXC CHIP_USDT	−0.0044%	4h	0.04607	−0.043%	$1.8M	$1.2M	50x	as long as short
BloFin CHIP-USDT	−0.0030%	4h	0.04608	−0.022%	$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	+0.022%	$14K	$247K	50x	as long as short
Bybit CHIPUSDT	+0.0070%	4h	0.04612	+0.065%	$10.7M	$8.9M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04609	0.000%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04617	+0.167%	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04614	+0.108%	$48K	$230K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04610	+0.022%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04612	+0.065%	$681K	$910K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04610	+0.022%	$985K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04614	+0.108%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04611	+0.043%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04611	+0.053%	$849K	$455K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04605	−0.087%	$669	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04636	+0.584%	$45K	$40K	50x	as long as short