Funding arb · Price arb /

LINK

all LINK markets

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: Binance against Nado+0.001%7-day average +0.006% · 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−$28as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.562%−$56 · spread now +0.001%, 7d avg +0.006%

Together, before fees−0.566%+ Points / potential airdropNado: Active · farm board−$57 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.943	0.0100	pay 0.0012% / 1h	53m 11s	$391K	$310K	10x
Short	Binance LINKUSDT	12.943	0.0100	get 0.0100% / 8h	4h 53m	$119.8M	$297.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.006%: −$0.52
Slippage, 4 orders: −$10.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.43
Costs to cover: 0.279%
Break-even: 2920948694616181.5 days

Slippage from Nado: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago	1.16 bp	8.5 bp −$8	19.9 bp −$199	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.39 bp	6.3 bp −$6	12.2 bp −$122	31.4 bp −$3,138	103.4 bp −$51.7K

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	12.942	−0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.950	+0.055%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.943	+0.001%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.192%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0051%	1h	12.947	+0.039%	$773K	$189K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.942	−0.004%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.940	−0.018%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.089%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.920	−0.175%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.942	−0.006%	$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-PERPlong	+0.0100%	1h	12.943	long leg	$391K	$310K	10x
Aster LINKUSDT	+0.0100%	8h	12.949	+0.051%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.946	+0.025%	$273K	$173K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.943	+0.001%	$119.8M	$297.0M	75x
Bybit LINKUSDT	+0.0100%	8h	12.935	−0.058%	$83.5M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.938	−0.035%	$27.3M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.959	+0.127%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.938	−0.035%	$127.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.941	−0.012%	$32.3M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.943	+0.004%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.939	−0.027%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.939	−0.027%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	+0.107%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.065%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	+0.012%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.243%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.949	+0.050%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	+0.012%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.957	+0.109%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.943	+0.004%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.933	−0.073%	$633K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.942	−0.007%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.944	+0.011%	$543K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0137%	1h	12.947	+0.035%	$339K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	−0.042%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.941	−0.012%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.945	+0.020%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0445%	1h	12.957	+0.112%	$81.5M	$27.2M	10x	as long as short
dYdX LINK-USD	+0.0483%	1h	12.949	+0.048%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0611%	8h	12.956	+0.104%	$20.0M	$11.4M	50x	as long as short