LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0614%/8h= +67.2% APRnext payment +$0.77 per $10,000 · paid last 24h +0.034%

Price spread now: dYdX against Nado+0.025%7-day average +0.016% · 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−$96as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Nado Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.025%, 7d avg +0.016%

Together, before fees−0.088%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.189% in total (about 20.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.928	0.0100	pay 0.0012% / 1h	19m 35s	$346K	$343K	10x
Short	dYdX LINK-USD	12.932	0.0714	get 0.0089% / 1h	19m 35s	$344K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $128.87
Price spread: +0.025% → +0.016%: $0.86
Slippage, 4 orders: −$80.13
Fee Nado: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $32.6
Costs to cover: 0.971%
Break-even: 5.2 days

Slippage from Nado: live order book, 28 min ago; dYdX: live order book, 30 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, 28 min ago	1.16 bp	7.4 bp −$7	20.0 bp −$200	doesn't fit	doesn't fit
Sell dYdX live order book, 30 min ago	36.55 bp	41.7 bp −$42	163.2 bp −$1,632	177.3 bp −$17.7K	224.9 bp −$112.4K

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 −0.0089% / S +0.0166%	1h	12.925	−0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	−0.151%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.925	−0.030%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.088%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0039%	8h	12.918	−0.081%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.365%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.929	+0.007%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.931	+0.018%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.928	long leg	$346K	$343K	10x
Aster LINKUSDT	+0.0100%	8h	12.934	+0.040%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.932	+0.028%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.933	+0.035%	$118.9M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.932	+0.027%	$83.5M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.934	+0.043%	$27.4M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.945	+0.128%	$181K	$154K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.926	−0.019%	$124.4M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.932	+0.027%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.933	+0.035%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.931	+0.019%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.930	+0.012%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.319%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.255%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.607%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.615%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.938	+0.073%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.941	+0.101%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.927	−0.012%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.282%	$633K	$675K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.940	+0.089%	$337K	$390K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.927	−0.013%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	−0.057%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	−0.027%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.259%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.948	+0.151%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.929	0.000%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0322%	1h	12.934	+0.039%	$798K	$244K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.932	+0.027%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.940	+0.089%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USDshort	+0.0714%	1h	12.932	+0.025%	$344K	$33K	10x