Settings8H · net · $10k
Funding arb · Price arb /

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0324%/8h= +35.5% APRnext payment +$0.40 per $10,000 · paid last 24h +0.114%
Price spread now: Nado against ApeX Omni−0.053%61s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.656% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.351%+$35 on $10k
Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.053%, 7d avg −0.012%
Together, before fees+0.288%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.042% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.012%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04678−0.0121get 0.0015% / 1h21m 35s$14K$249K50x
ShortNado CHIP-PERP0.046750.0202get 0.0025% / 1h21m 35s$234K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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

Funding earned
$68
Price spread: −0.053% → −0.012%
−$4.18
Slippage, 4 orders
−$48.61
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$1.79
Costs to cover
0.656%
Break-even
7.2 days
Slippage from ApeX Omni: live order book, 55 min ago; Nado: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 55 min ago8.68 bp16.1 bp −$16129.5 bp −$1,295doesn't fitdoesn't fit
Sell Nado live order book, 56 min ago4.77 bp18.7 bp −$19doesn't fitdoesn't fitdoesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack CHIP_USDC_PERP−0.1397%1h0.04674−0.086%$14K$236K5xas long as short
Phoenix CHIP−0.0173%1h0.04681+0.064%$3K$140K5xas long as short
ApeX Omni CHIPUSDTlong−0.0121%1h0.04678long leg$14K$249K50x
OKX CHIP-USDT-SWAP−0.0070%4h0.04664−0.299%$1.9M$9.2M20xas long as short
Bybit CHIPUSDT+0.0016%4h0.04671−0.150%$10.9M$8.9M20xas long as short
MEXC CHIP_USDT+0.0070%4h0.04670−0.171%$1.8M$1.1M50xas long as short
Extended CHIP-USD+0.0072%1h0.04667−0.243%$212K$1.3M5xas long as short
BloFin CHIP-USDT+0.0072%4h0.04664−0.299%$551K$66K50xas long as short
Binance CHIPUSDT+0.0077%4h0.04667−0.235%$14.0M$26.2M50xas long as short
Aftermath Perps CHIPUSD+0.0080%1h0.04684+0.139%$87$39K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CHIP+0.0096%1h0.04670−0.171%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04685+0.156%$14.8M$6.8M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04674−0.086%$50K$238K5xas long as short
Pacifica CHIP+0.0100%1h0.04674−0.092%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04673−0.107%$690K$913K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04670−0.171%$984K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04672−0.128%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04668−0.214%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04685+0.159%$879K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04665−0.278%$799$1.1M10xas long as short
Nado CHIP-PERPshort+0.0202%1h0.04675−0.053%$234K$18K5x
Deribit CHIP_USDC-PERPETUAL+0.0349%1h0.04680+0.045%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04715+0.795%$45K$40K50xas long as short