Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Nado−0.139%7-day average −0.007% · 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−$43as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.139%, 7d avg −0.007%

Together, before fees+0.032%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$3 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: edgeX is 0.132% cheaper against Nado than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.180	0.0100	pay 0.0012% / 1h	42m 59s	$400K	$315K	10x
Short	edgeX LINKUSDC	13.162	0.0100	get 0.0050% / 4h	1h 42m	$44K	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.007%: −$13.22
Slippage, 4 orders: −$13.57
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.78
Costs to cover: 0.296%
Break-even: 4395263122483487.5 days

Slippage from Nado: live order book, 40 min ago; edgeX: live order book, 40 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, 40 min ago	1.14 bp	8.1 bp −$8	18.8 bp −$188	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	2.28 bp	6.8 bp −$7	10.1 bp −$101	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 −0.0090% / S +0.0167%	1h	13.178	−0.017%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.179	−0.008%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.190	+0.069%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.182	+0.014%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.180	−0.004%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.922%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.149	−0.235%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.179	−0.011%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.188	+0.058%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.185	+0.038%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPlong	+0.0100%	1h	13.180	long leg	$400K	$315K	10x
Hyperliquid LINK	+0.0100%	1h	13.202	+0.163%	$77.9M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.193	+0.097%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.186	+0.039%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.192	+0.091%	$122.4M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.194	+0.102%	$85.0M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.197	+0.125%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.198	+0.133%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.187	+0.049%	$131.0M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.190	+0.072%	$36.7M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.186	+0.042%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.197	+0.125%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.190	+0.072%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.147	−0.252%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.162	−0.139%	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.118%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.064%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.191	+0.080%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.176	−0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.199	+0.142%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.019%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.176%	$647K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	+0.123%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.181	+0.008%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.150	−0.231%	$991K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0175%	1h	13.200	+0.148%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.187	+0.049%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.184	+0.027%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.195	+0.110%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.190	+0.076%	$7.0M	$8.0M	50x	as long as short