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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0237%/8h= +25.9% APRpaid last 24h −0.034%
Price spread now: SunX against Nado+0.032%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3093.091% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.172%−$17 on $10k
Price spread, last 4 days (all we have)+0.686%+$69 · spread now +0.032%, 7d avg −0.009%
Together, before fees+0.513%+ Points / potential airdropNado: Active · farm board+$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and SunX is 0.041% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 3 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado CHIP-PERP0.04727−0.0137get 0.0017% / 1h20m 40s$239K$20K5x
ShortSunX CHIP-USDT0.047290.0100get 0.0050% / 4h20m 40s$773$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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
$49.69
Price spread: +0.032% → −0.009%
$4.05
Slippage, 4 orders
−$294.15
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$255.4
Costs to cover
3.091%
Break-even
43.0 days
Slippage from Nado: live order book, 37 min ago; SunX: live order book, 2 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 Nado live order book, 37 min ago5.11 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 2 min ago48.60 bp131.5 bp −$131doesn'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−0.0622%1h0.04742+0.307%$33K$249K5xas long as short
Phoenix CHIP−0.0510%1h0.04730+0.053%$3K$129K5xas long as short
ApeX Omni CHIPUSDT−0.0430%1h0.04736+0.180%$16K$245K50xas long as short
Bybit CHIPUSDT−0.0388%4h0.04743+0.328%$10.9M$9.1M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0383%1h0.04735+0.161%$10K$24K10xas long as short
OKX CHIP-USDT-SWAP−0.0366%4h0.04738+0.222%$2.1M$9.7M20xas long as short
Nado CHIP-PERPlong−0.0137%1h0.04727long leg$239K$20K5x
Aster CHIPUSDT−0.0058%4h0.04741+0.290%$54K$277K5xas long as short
Extended CHIP-USD+0.0056%1h0.04736+0.185%$216K$1.9M5xas long as short
Binance CHIPUSDT+0.0060%4h0.04738+0.226%$14.3M$26.9M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0060%4h0.04737+0.201%$1.8M$1.2M50xas long as short
BloFin CHIP-USDT+0.0093%4h0.04738+0.222%$562K$64K50xas long as short
Lighter CHIP+0.0096%1h0.04743+0.328%$97K$117K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04750+0.470%$14.7M$6.3M3xas long as short
Pacifica CHIP+0.0100%1h0.04742+0.300%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04738+0.222%$690K$967K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04739+0.243%$992K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04737+0.201%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04740+0.264%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04735+0.161%$842K$527Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04729+0.032%$773$1.0M10x
Aftermath Perps CHIPUSD+0.0206%1h0.04728+0.007%$105$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+2.693%$47K$42K50xas long as short