LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%

Price spread now: Deribit against Nado+0.143%7-day average +0.024% · 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−$18as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$10 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.143%, 7d avg +0.024%

Together, before fees−0.187%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.119% dearer against Nado than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.024%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.087	0.0100	pay 0.0012% / 1h	6m 44s	$400K	$310K	10x
Short	Deribit LINK_USDC-PERPETUAL	13.106	0	get 0.0000% / 1h	6m 44s	$725K	$139K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$21
Price spread: +0.143% → +0.024%: $11.91
Slippage, 4 orders: −$16.14
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$39.24
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Nado: live order book, 6 min ago; Deribit: live order book, 7 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, 6 min ago	0.38 bp	6.0 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell Deribit live order book, 7 min ago	1.91 bp	10.4 bp −$10	18.1 bp −$181	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	13.102	+0.113%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.112	+0.188%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.106	+0.143%	$725K	$139K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.101	+0.104%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.110	+0.172%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.249%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.097	+0.076%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.097	+0.074%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.090	+0.024%	$31K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.087	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	13.105	+0.138%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.098	+0.086%	$275K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.094	+0.052%	$121.7M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.094	+0.053%	$84.4M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.092	+0.038%	$27.5M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.110	+0.176%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.101	+0.107%	$129.9M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.096	+0.069%	$36.2M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.101	+0.107%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.095	+0.061%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.093	+0.046%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.083	−0.034%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.104	+0.132%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.107	+0.153%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	+0.145%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.096	+0.069%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.098	+0.082%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.114	+0.210%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.102	+0.115%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.092	+0.040%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.097	+0.080%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.104	+0.131%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	+0.183%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0213%	1h	13.113	+0.199%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.097	+0.076%	$5.2M	$16.2M	75x	as long as short
Hyperliquid LINK	+0.0292%	1h	13.112	+0.191%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.098	+0.080%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.110	+0.178%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0489%	8h	13.119	+0.245%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0521%	1h	13.103	+0.121%	$347K	$48K	10x	as long as short