Funding you earn now, next payment 05:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h +0.013%
Price spread now: Nado against Hyperliquid−0.337%7-day average −0.203% · 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−$80as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 3 days (all we have)+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.337%, 7d avg −0.203%
=Together, before fees+0.173%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.134% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.203%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.087%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CHIP | 0.04687 | 0.0100 | pay 0.0013% / 1h | 8m 05s | $14.5M | $6.1M | 3x |
| Short | Nado CHIP-PERP | 0.04671 | −0.0027 | pay 0.0003% / 1h | 8m 05s | $236K | $18K | 5x |
Hyperliquid CHIP
Nado CHIP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Hyperliquid. 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
- −$26.63
- Price spread: −0.337% → −0.203%
- −$13.45
- Slippage, 4 orders
- −$50.57
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$106.65
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Nado: live order book, 44 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 Hyperliquid live order book, 5 min ago | 1.38 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 44 min ago | 5.61 bp | 20.7 bp −$21 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0340% | 4h | 0.04678 | −0.198% | $10.6M | $9.0M | 20x | as long as short |
| Phoenix CHIP | −0.0338% | 1h | 0.04690 | +0.058% | $3K | $137K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0232% | 4h | 0.04674 | −0.284% | $2.0M | $9.6M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0171% | 1h | 0.04688 | +0.015% | $16K | $245K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0071% | 1h | 0.04678 | −0.196% | $9K | $24K | 10x | as long as short |
| Nado CHIP-PERPshort | −0.0027% | 1h | 0.04671 | −0.337% | $236K | $18K | 5x | |
| KuCoin CHIPUSDTM | +0.0088% | 4h | 0.04676 | −0.241% | $967K | $1.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04679 | −0.177% | $96K | $115K | 3x | as long as short |
| Hyperliquid CHIPlong | +0.0100% | 1h | 0.04687 | long leg | $14.5M | $6.1M | 3x | |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04680 | −0.148% | $56K | $279K | 5x | as long as short |
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
KuCoin CHIPUSDTM
Lighter CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04676 | −0.250% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04675 | −0.262% | $14.1M | $27.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04677 | −0.220% | $670K | $988K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04675 | −0.262% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04676 | −0.241% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04675 | −0.262% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04681 | −0.134% | $34K | $230K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04686 | −0.036% | $829K | $476K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04674 | −0.284% | $686 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04672 | −0.321% | $216K | $1.0M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0143% | 4h | 0.04672 | −0.326% | $561K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0210% | 1h | 0.04687 | −0.009% | $106 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +1.658% | $46K | $37K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX