LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0595%/8h= −65.1% APRnext payment −$0.74 per $10,000 · paid last 24h +0.003%

Price spread now: Nado against Kraken Futures−0.235%7-day average −0.036% · 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−$58as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.235%, 7d avg −0.036%

Together, before fees+0.148%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Nado is 0.199% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.014% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.157	0.0695	pay 0.0087% / 1h	33m 46s	$6.9M	$8.0M	50x
Short	Nado LINK-PERP	13.126	0.0100	get 0.0012% / 1h	33m 46s	$399K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kraken Futures. 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.235%Rate

Funding earned: −$124.91
Price spread: −0.235% → −0.036%: −$19.89
Slippage, 4 orders: −$20.81
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$182.61
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Nado: live order book, 49 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 Kraken Futures live order book, 5 min ago	1.90 bp	11.3 bp −$11	18.0 bp −$180	54.0 bp −$5,402	doesn't fit
Sell Nado live order book, 49 min ago	1.14 bp	7.9 bp −$8	17.5 bp −$175	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 −0.0090% / S +0.0167%	1h	13.140	−0.129%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.156	−0.010%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.145	−0.094%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.146	−0.081%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.142	−0.113%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.753%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.166	+0.071%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.143	−0.106%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.155	−0.012%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.141	−0.122%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPshort	+0.0100%	1h	13.126	−0.235%	$399K	$312K	10x
Hyperliquid LINK	+0.0100%	1h	13.164	+0.054%	$77.7M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.154	−0.026%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	−0.097%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.151	−0.045%	$122.0M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.152	−0.037%	$84.9M	$70.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.154	−0.022%	$27.6M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.155	−0.014%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.148	−0.068%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.154	−0.022%	$36.5M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	−0.007%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	−0.022%	$54.8M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.155	−0.014%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	−0.015%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.160	+0.020%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.159	+0.017%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.182	+0.191%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.127	−0.227%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.140	−0.127%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.143	−0.106%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.145	−0.090%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.127	−0.227%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	−0.025%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.146	−0.087%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.135	−0.166%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.157	+0.001%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.147	−0.075%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.123	−0.261%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0471%	8h	13.161	+0.031%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0695%	1h	13.157	long leg	$6.9M	$8.0M	50x