Funding you earn now, next payment 23:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.029%
Price spread now: Nado against Deribit−0.132%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.132% cheaper against Deribit than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CHIP_USDC-PERPETUAL | 0.04609 | 0 | get 0.0000% / 1h | 19m 00s | $10K | $25K | 10x |
| Short | Nado CHIP-PERP | 0.04602 | −0.0112 | pay 0.0014% / 1h | 19m 00s | $230K | $18K | 5x |
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.5
- Price spread: −0.132% → 0.000%
- −$13.24
- 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
- −$50.73
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Nado: live order book, 63 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, 63 min ago | 5.10 bp | 20.1 bp −$20 | 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 | −0.1268% | 1h | 0.04604 | −0.100% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04607 | −0.035% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0149% | 4h | 0.04609 | +0.009% | $1.9M | $9.2M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0139% | 1h | 0.04603 | −0.115% | $71 | $39K | 5x | as long as short |
| Nado CHIP-PERPshort | −0.0112% | 1h | 0.04602 | −0.132% | $230K | $18K | 5x | |
| MEXC CHIP_USDT | −0.0052% | 4h | 0.04602 | −0.143% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | −0.0050% | 4h | 0.04606 | −0.056% | $13.8M | $26.0M | 50x | as long as short |
| Extended CHIP-USD | −0.0048% | 1h | 0.04608 | −0.022% | $210K | $1.3M | 5x | as long as short |
| BloFin CHIP-USDT | −0.0037% | 4h | 0.04605 | −0.078% | $540K | $67K | 50x | as long as short |
| ApeX Omni CHIPUSDT | −0.0006% | 1h | 0.04607 | −0.035% | $14K | $247K | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
MEXC CHIP_USDT
Binance CHIPUSDT
Extended CHIP-USD
BloFin CHIP-USDT
ApeX Omni CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUALlong | 0.0000% | 1h | 0.04609 | long leg | $10K | $25K | 10x | |
| Bybit CHIPUSDT | +0.0073% | 4h | 0.04609 | +0.009% | $10.7M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04606 | −0.056% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04611 | +0.050% | $14.5M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04609 | +0.003% | $48K | $230K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04605 | −0.087% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04605 | −0.078% | $680K | $910K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04603 | −0.122% | $984K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04610 | +0.030% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04603 | −0.122% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04608 | −0.015% | $849K | $455K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04602 | −0.143% | $769 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04636 | +0.592% | $45K | $40K | 50x | as long as short |
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX