Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.030%

Price spread now: BloFin against Nado−0.004%7-day average +0.027% · 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−$32as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.118%+$12 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.004%, 7d avg +0.027%

Together, before fees+0.145%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.031% cheaper against Nado than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.027%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.184	0.0100	pay 0.0012% / 1h	12m 55s	$404K	$309K	10x
Short	BloFin LINK-USDT	13.184	0.0220	get 0.0220% / 8h	7h 12m	$5.2M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $25.2
Price spread: −0.004% → +0.027%: −$3.12
Slippage, 4 orders: −$10.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.12
Costs to cover: 0.292%
Break-even: 9.0 days

Slippage from Nado: live order book, 60 min ago; BloFin: live order book, 6 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, 60 min ago	0.38 bp	6.0 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.52 bp	7.5 bp −$8	8.8 bp −$88	18.9 bp −$1,894	51.2 bp −$25.6K

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	13.188	+0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.207	+0.168%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.190	+0.044%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.950%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.142	−0.326%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.196	+0.090%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.189	+0.034%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.186	+0.008%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.226	+0.313%	$32K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.184	long leg	$404K	$309K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.195	+0.079%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.195	+0.082%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.180	−0.034%	$122.3M	$299.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.176	−0.064%	$84.9M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.175	−0.072%	$27.6M	$84.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.206	+0.163%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.185	+0.004%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	−0.027%	$36.8M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.184	−0.004%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	−0.057%	$54.6M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.180	−0.034%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.228%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	−0.068%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.179	−0.039%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.034%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.189	+0.034%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.189	+0.037%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.203	+0.141%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.188	+0.027%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.186	+0.011%	$650K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.174	−0.079%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.193	+0.065%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.193	+0.064%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.190	+0.042%	$365K	$362K	15x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.184	−0.004%	$5.2M	$15.4M	75x
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.192	+0.055%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.182	−0.022%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0437%	1h	13.193	+0.067%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0560%	1h	13.197	+0.095%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0598%	8h	13.202	+0.133%	$20.4M	$11.5M	50x	as long as short