Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX+0.143%7-day average +0.057% · 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−$47as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.095%−$9 · spread now +0.143%, 7d avg +0.057%

Together, before fees−0.096%+ Points / potential airdropNado: Active · farm board−$10 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 0.087% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.192	0.0100	pay 0.0100% / 8h	7h 42m	$649K	$870K	75x
Short	Nado LINK-PERP	13.211	0.0100	get 0.0012% / 1h	42m 08s	$405K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.057%: $8.66
Slippage, 4 orders: −$36.32
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$46.66
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from HTX: live order book, 31 min ago; Nado: live order book, 31 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 HTX live order book, 31 min ago	6.76 bp	12.8 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit
Sell Nado live order book, 31 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	13.213	+0.159%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.213	+0.159%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.215	+0.174%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.004%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.233%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.213	+0.158%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.222	+0.227%	$768K	$185K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.215	+0.175%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.202	+0.079%	$32K	$3K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	13.211	+0.143%	$405K	$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	13.217	+0.186%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.205	+0.101%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.215	+0.174%	$122.7M	$305.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.212	+0.151%	$85.2M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.212	+0.151%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.204%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.211	+0.143%	$130.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.216	+0.181%	$37.0M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.218	+0.196%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.213	+0.158%	$55.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.214	+0.166%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.346%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.156	−0.272%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.161	−0.236%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.198%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.215	+0.174%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.213	+0.155%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.227	+0.266%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.213	+0.158%	$5K	$29K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.192	long leg	$649K	$870K	75x
Extended LINK-USD	+0.0104%	1h	13.208	+0.122%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.215	+0.175%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.214	+0.166%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0155%	8h	13.223	+0.234%	$20.5M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0206%	1h	13.199	+0.056%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0208%	1h	13.227	+0.265%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	+0.030%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.220	+0.210%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.209	+0.131%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0537%	1h	13.236	+0.333%	$81.0M	$25.1M	10x	as long as short