Funding you earn now, next payment 03:00 UTC−0.0421%/8h= −46.1% APRnext payment −$0.53 per $10,000 · paid last 24h −0.116%
Price spread now: Phoenix against Nado−0.150%7-day average +0.006% · 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−$103as in the Price arb table
costs, in and out, $10k−$870.870% of the position
Funding, last 3 days (all we have)−0.447%−$45 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.150%, 7d avg +0.006%
=Together, before fees−0.199%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phoenix is 0.155% cheaper against Nado than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado CHIP-PERP | 0.04671 | −0.0089 | get 0.0011% / 1h | 40m 55s | $236K | $20K | 5x |
| Short | Phoenix CHIP | 0.04664 | −0.0510 | pay 0.0064% / 1h | 40m 55s | $3K | $129K | 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
- −$88.42
- Price spread: −0.150% → +0.006%
- −$15.55
- Slippage, 4 orders
- −$73.05
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$191.02
- Costs to cover
- 0.870%
- Break-even
- never at this rate
Slippage from Nado: live order book, 17 min ago; Phoenix: live order book, 10 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, 17 min ago | 5.11 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 4.29 bp | 26.2 bp −$26 | 71.2 bp −$712 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.0630% | 1h | 0.04681 | +0.214% | $34K | $245K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0593% | 1h | 0.04671 | 0.000% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0532% | 4h | 0.04679 | +0.171% | $10.8M | $9.0M | 20x | as long as short |
| Phoenix CHIPshort | −0.0510% | 1h | 0.04664 | −0.150% | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0392% | 4h | 0.04675 | +0.086% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0220% | 1h | 0.04677 | +0.124% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | −0.0109% | 4h | 0.04677 | +0.124% | $51K | $276K | 5x | as long as short |
| Nado CHIP-PERPlong | −0.0089% | 1h | 0.04671 | long leg | $236K | $20K | 5x | |
| BloFin CHIP-USDT | +0.0062% | 4h | 0.04675 | +0.086% | $561K | $63K | 50x | as long as short |
| Extended CHIP-USD | +0.0064% | 1h | 0.04671 | +0.006% | $213K | $1.9M | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
BloFin CHIP-USDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0067% | 4h | 0.04676 | +0.103% | $14.1M | $26.8M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0070% | 4h | 0.04675 | +0.086% | $1.8M | $1.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04676 | +0.107% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04680 | +0.193% | $14.5M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04675 | +0.075% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04673 | +0.043% | $680K | $951K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04675 | +0.086% | $978K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04676 | +0.107% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04675 | +0.086% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04674 | +0.056% | $831K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04669 | −0.043% | $762 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0293% | 1h | 0.04676 | +0.117% | $132 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.935% | $47K | $42K | 50x | as long as short |
Binance CHIPUSDT
MEXC CHIP_USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX