Funding you earn now, next payment 04:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h +0.119%
Price spread now: Nado against Phoenix+0.117%57s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$890.889% of the position
Funding, last 3 days (all we have)+0.452%+$45 on $10k
+Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.117%, 7d avg −0.008%
=Together, before fees+0.164%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Nado is 0.125% dearer against Phoenix than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04691 | −0.0338 | get 0.0042% / 1h | 28m 29s | $3K | $137K | 5x |
| Short | Nado CHIP-PERP | 0.04696 | −0.0032 | pay 0.0004% / 1h | 28m 29s | $238K | $18K | 5x |
Phoenix CHIP
Nado CHIP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. 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
- $64.28
- Price spread: +0.117% → −0.008%
- $12.54
- Slippage, 4 orders
- −$74.88
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$12.06
- Costs to cover
- 0.889%
- Break-even
- 8.3 days
Slippage from Phoenix: live order book, 17 min ago; Nado: live order book, 24 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 Phoenix live order book, 17 min ago | 4.26 bp | 26.0 bp −$26 | 78.8 bp −$788 | doesn't fit | doesn't fit |
| Sell Nado live order book, 24 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 | −0.0742% | 4h | 0.04696 | +0.107% | $10.7M | $9.1M | 20x | as long as short |
| Phoenix CHIPlong | −0.0338% | 1h | 0.04691 | long leg | $3K | $137K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0310% | 4h | 0.04698 | +0.149% | $2.0M | $9.7M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0291% | 1h | 0.04702 | +0.234% | $34K | $229K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0105% | 1h | 0.04706 | +0.320% | $16K | $245K | 50x | as long as short |
| Nado CHIP-PERPshort | −0.0032% | 1h | 0.04696 | +0.117% | $238K | $18K | 5x | |
| Gate CHIP_USDT | +0.0014% | 4h | 0.04700 | +0.192% | $675K | $986K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0026% | 1h | 0.04703 | +0.264% | $9K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0057% | 4h | 0.04701 | +0.213% | $563K | $65K | 50x | as long as short |
| Aster CHIPUSDT | +0.0066% | 4h | 0.04704 | +0.284% | $56K | $279K | 5x | as long as short |
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Gate CHIP_USDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CHIPUSDTM | +0.0074% | 4h | 0.04699 | +0.171% | $973K | $1.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04702 | +0.234% | $96K | $114K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04705 | +0.305% | $14.6M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04700 | +0.192% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04695 | +0.085% | $14.2M | $27.0M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04697 | +0.128% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04699 | +0.171% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04698 | +0.149% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04704 | +0.270% | $832K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04699 | +0.171% | $908 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04695 | +0.088% | $214K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0160% | 1h | 0.04697 | +0.126% | $124 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +1.577% | $46K | $37K | 50x | as long as short |
KuCoin CHIPUSDTM
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX