Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against Nado+0.073%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−$27as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.073%, 7d avg −0.006%

Together, before fees−0.295%+ 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: BingX 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 −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.100	0.0100	pay 0.0012% / 1h	9m 07s	$400K	$310K	10x
Short	BingX LINK-USDC	13.110	0.0100	get 0.0100% / 8h	9m 07s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.006%: $7.88
Slippage, 4 orders: −$17.76
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.89
Costs to cover: 0.348%
Break-even: 2762227752077969.5 days

Slippage from Nado: live order book, 4 min ago; BingX: live order book, 3 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, 4 min ago	0.38 bp	6.0 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	1.15 bp	11.0 bp −$11	20.0 bp −$200	81.2 bp −$8,123	438.8 bp −$219.4K

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	13.111	+0.079%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.115	+0.110%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.113	+0.095%	$726K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.110	+0.069%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	+0.061%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.347%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.109	+0.065%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.106	+0.043%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.100	−0.005%	$32K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.100	long leg	$400K	$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	13.113	+0.098%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.108	+0.058%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.106	+0.044%	$121.8M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.107	+0.050%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.104	+0.027%	$27.6M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.116	+0.118%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.106	+0.042%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.108	+0.057%	$36.1M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.110	+0.073%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.108	+0.057%	$54.6M	$30.6M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.110	+0.073%	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.083	−0.137%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	+0.001%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.087	−0.104%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	+0.042%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.111	+0.080%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.106	+0.040%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	+0.174%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.106	+0.042%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.095	−0.041%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.105	+0.036%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.112	+0.090%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	+0.080%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0213%	1h	13.119	+0.141%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.109	+0.065%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0295%	1h	13.122	+0.164%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.105	+0.032%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.116	+0.116%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0485%	8h	13.124	+0.179%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0530%	1h	13.105	+0.033%	$347K	$48K	10x	as long as short