Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Nado against MEXC−0.070%7-day average −0.009% · 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−$23as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.442%+$44 · spread now −0.070%, 7d avg −0.009%

Together, before fees+0.447%+ Points / potential airdropNado: Active · farm board+$45 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 0.061% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.879	0.0100	pay 0.0100% / 8h	4h 47m	$32.0M	$56.0M	300x
Short	Nado LINK-PERP	12.870	0.0100	get 0.0012% / 1h	47m 22s	$389K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.009%: −$6.09
Slippage, 4 orders: −$9.82
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$22.9
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Nado: live order book, 10 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 MEXC live order book, 2 min ago	0.39 bp	0.5 bp −$1	3.4 bp −$34	26.2 bp −$2,622	50.5 bp −$25.3K
Sell Nado live order book, 10 min ago	1.16 bp	7.4 bp −$7	21.3 bp −$213	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	12.876	−0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.890	+0.089%	$489K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.881	+0.018%	$769K	$189K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.873	−0.050%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.719%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.864	−0.116%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.872	−0.051%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.878	−0.008%	$938K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.357%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.879	−0.002%	$31K	$2K	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	12.870	−0.070%	$389K	$311K	10x
Aster LINKUSDT	+0.0100%	8h	12.882	+0.021%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.880	+0.008%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.873	−0.048%	$119.0M	$297.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.867	−0.093%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.864	−0.116%	$27.2M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.907	+0.217%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.873	−0.047%	$127.2M	$12.8M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.879	long leg	$32.0M	$56.0M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.880	+0.008%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.862	−0.132%	$53.5M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.870	−0.070%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.882	+0.023%	$337K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.188%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.887	+0.063%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.885	+0.047%	$580K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.890	+0.085%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.893	+0.109%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.864	−0.118%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.134%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.873	−0.047%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.871	−0.061%	$630K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.880	+0.008%	$629K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.867	−0.094%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	+0.054%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0361%	1h	12.890	+0.085%	$80.7M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.875	−0.029%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.874	−0.037%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	12.890	+0.085%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0743%	1h	12.875	−0.034%	$341K	$30K	10x	as long as short