Funding you earn now, next payment 05:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.121%
Price spread now: Phoenix against Nado−0.106%7-day average +0.005% · 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−$100as in the Price arb table
costs, in and out, $10k−$890.886% of the position
Funding, last 3 days (all we have)−0.456%−$46 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.106%, 7d avg +0.005%
=Together, before fees−0.273%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.111% cheaper against Nado than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CHIP-PERP | 0.04705 | −0.0134 | get 0.0017% / 1h | 54m 59s | $238K | $18K | 5x |
| Short | Phoenix CHIP | 0.04700 | −0.0171 | pay 0.0021% / 1h | 54m 59s | $3K | $128K | 5x |
Nado CHIP-PERP
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$7.89
- Price spread: −0.106% → +0.005%
- −$11.11
- Slippage, 4 orders
- −$74.55
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$107.55
- Costs to cover
- 0.886%
- Break-even
- never at this rate
Slippage from Nado: live order book, 53 min ago; Phoenix: live order book, 46 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, 53 min ago | 5.05 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 4.32 bp | 26.3 bp −$26 | 71.7 bp −$717 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0342% | 4h | 0.04698 | −0.149% | $10.6M | $9.2M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0278% | 1h | 0.04714 | +0.191% | $34K | $234K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0232% | 4h | 0.04692 | −0.276% | $2.1M | $9.6M | 20x | as long as short |
| Phoenix CHIPshort | −0.0171% | 1h | 0.04700 | −0.106% | $3K | $128K | 5x | |
| Nado CHIP-PERPlong | −0.0134% | 1h | 0.04705 | long leg | $238K | $18K | 5x | |
| KuCoin CHIPUSDTM | −0.0058% | 4h | 0.04705 | 0.000% | $988K | $1.2M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0047% | 1h | 0.04710 | +0.098% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | −0.0018% | 1h | 0.04699 | −0.135% | $115 | $36K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04710 | +0.106% | $98K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04719 | +0.304% | $14.6M | $6.1M | 3x | as long as short |
Bybit CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
KuCoin CHIPUSDTM
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04696 | −0.192% | $54K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04710 | +0.106% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04692 | −0.273% | $14.1M | $27.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04699 | −0.128% | $673K | $960K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04693 | −0.255% | $1.7M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04696 | −0.191% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04693 | −0.255% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04701 | −0.081% | $846K | $501K | — | as long as short |
| ApeX Omni CHIPUSDT | +0.0100% | 1h | 0.04688 | −0.361% | $16K | $246K | 50x | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04703 | −0.043% | $813 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04693 | −0.259% | $214K | $1.0M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0107% | 4h | 0.04701 | −0.085% | $558K | $66K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0952% | 1h | 0.04735 | +0.633% | $45K | $37K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
ApeX Omni CHIPUSDT
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX