Funding arb · Price arb /

LINK

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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: Bitget against Nado−0.030%7-day average −0.015% · 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−$34as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Nado Short on Bitget

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)−0.205%−$20 · spread now −0.030%, 7d avg −0.015%

Together, before fees−0.210%+ Points / potential airdropNado: Active · farm board−$21 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	13.174	0.0100	pay 0.0012% / 1h	35m 22s	$402K	$312K	10x
Short	Bitget LINKUSDT	13.170	0.0100	get 0.0100% / 8h	35m 22s	$54.8M	$30.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.015%: −$1.52
Slippage, 4 orders: −$13.05
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.56
Costs to cover: 0.320%
Break-even: 3448369668404983.5 days

Slippage from Nado: live order book, 42 min ago; Bitget: live order book, 4 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, 42 min ago	1.14 bp	7.6 bp −$8	23.2 bp −$232	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.38 bp	6.5 bp −$6	10.4 bp −$104	21.7 bp −$2,169	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	13.174	+0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.133%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.188	+0.103%	$723K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.168	−0.046%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.204	+0.228%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.875%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.163	−0.083%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.173	−0.007%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.172	−0.017%	$32K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.174	long leg	$402K	$312K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.174	+0.001%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	+0.019%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.171	−0.020%	$122.6M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.162	−0.091%	$84.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.165	−0.068%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.137%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.173	−0.008%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.174	0.000%	$36.6M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.177	+0.023%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	13.170	−0.030%	$54.8M	$30.5M	75x
BingX LINK-USDT	+0.0100%	8h	13.172	−0.015%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.061%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.118%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.084%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.195	+0.159%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.177	+0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.182	+0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.199	+0.191%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.068%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.174	−0.002%	$648K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.170	−0.032%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.187	+0.098%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.202	+0.213%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.188	+0.106%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0272%	1h	13.187	+0.099%	$78.0M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0303%	1h	13.194	+0.152%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.170	−0.030%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0476%	1h	13.194	+0.154%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0477%	8h	13.204	+0.228%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0550%	1h	13.179	+0.041%	$349K	$48K	10x	as long as short