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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Nado+0.153%7-day average +0.074% · 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−$39as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.291%−$29 · spread now +0.153%, 7d avg +0.074%

Together, before fees−0.291%+ Points / potential airdropNado: Active · farm board−$29 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: Arcus is 0.079% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.112	0.0100	pay 0.0012% / 1h	18m 20s	$402K	$307K	10x
Short	Arcus LINK-USD	13.132	0.0100	get 0.0013% / 1h	18m 20s	$184K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → +0.074%: $7.87
Slippage, 4 orders: −$35.68
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.31
Costs to cover: 0.472%
Break-even: 4038467859923014.0 days

Slippage from Nado: live order book, 54 min ago; Arcus: live order book, 55 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 Nado live order book, 54 min ago	0.38 bp	6.0 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell Arcus live order book, 55 min ago	11.44 bp	13.8 bp −$14	21.0 bp −$210	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	13.131	+0.146%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.323%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.134	+0.165%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.430%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.423%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.139	+0.206%	$133K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0070%	1h	13.145	+0.255%	$780K	$211K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.114	+0.016%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.191	+0.600%	$32K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.112	long leg	$402K	$307K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.117	+0.040%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.114	+0.012%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.138	+0.201%	$122.0M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.140	+0.214%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.139	+0.206%	$27.5M	$84.1M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.132	+0.153%	$184K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.124	+0.092%	$130.0M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.122	+0.076%	$36.7M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.120	+0.061%	$22.9M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.138	+0.198%	$54.5M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.132	+0.153%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.346%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.326%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.354%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.351%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.123	+0.084%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.139	+0.202%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	+0.086%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.141	+0.221%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.092%	$644K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.136	+0.182%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.143	+0.237%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.114	+0.015%	$999K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.131	+0.145%	$363K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	+0.168%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.159	+0.356%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.117	+0.035%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0422%	1h	13.111	−0.006%	$347K	$48K	10x	as long as short
Hyperliquid LINK	+0.0553%	1h	13.140	+0.214%	$81.2M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0695%	8h	13.141	+0.221%	$20.3M	$11.6M	50x	as long as short