Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bitget−0.175%52s7-day average +0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.298% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.410%+$41 · spread now −0.175%, 7d avg +0.015%

Together, before fees+0.415%+ Points / potential airdropNado: Active · farm board+$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.191% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 52 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	Bitget LINKUSDT	13.113	0.0100	pay 0.0100% / 8h	10m 36s	$54.6M	$30.5M	75x
Short	Nado LINK-PERP	13.090	0.0100	get 0.0012% / 1h	10m 36s	$400K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee NadobpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → +0.015%: −$19.06
Slippage, 4 orders: −$10.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.89
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 2 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 Bitget live order book, 3 min ago	0.38 bp	8.4 bp −$8	13.6 bp −$136	27.9 bp −$2,789	doesn't fit
Sell Nado live order book, 2 min ago	0.38 bp	7.5 bp −$8	17.3 bp −$173	doesn't fit	doesn't fit

LINK on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.088	−0.190%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.100	−0.101%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.092	−0.162%	$725K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.090	−0.178%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	−0.034%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.437%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.084	−0.221%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.109	−0.029%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.110	−0.022%	$32K	$3K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	13.090	−0.175%	$400K	$310K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.107	−0.042%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.109	−0.027%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.108	−0.039%	$121.8M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.107	−0.046%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.112	−0.008%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.123	+0.076%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.108	−0.038%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.108	−0.038%	$36.1M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.109	−0.031%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.113	long leg	$54.6M	$30.5M	75x
BingX LINK-USDC	+0.0100%	8h	13.114	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.083	−0.232%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	−0.094%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.100	−0.100%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	−0.053%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.089	−0.183%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.083	−0.228%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.100	−0.101%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.086	−0.206%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.085	−0.212%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.111	−0.012%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.088	−0.193%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.097	−0.122%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.097	−0.122%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	−0.191%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0294%	1h	13.117	+0.031%	$77.8M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.084	−0.220%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.094	−0.144%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0488%	8h	13.104	−0.069%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0541%	1h	13.103	−0.076%	$347K	$48K	10x	as long as short