LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Extended against Nado−0.086%7-day average −0.042% · 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−$31as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.086%, 7d avg −0.042%

Together, before fees−0.164%+ Points / potential airdropNado: Active · Extended: Active · farm board−$16 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: Extended is 0.043% cheaper against Nado than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.914	0.0100	pay 0.0012% / 1h	58m 54s	$354K	$339K	10x
Short	Extended LINK-USD	12.903	0.0104	get 0.0013% / 1h	58m 54s	$634K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0.84
Price spread: −0.086% → −0.042%: −$4.31
Slippage, 4 orders: −$15.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.53
Costs to cover: 0.271%
Break-even: 261.4 days

Slippage from Nado: live order book, 44 min ago; Extended: live order book, 5 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, 44 min ago	1.16 bp	8.3 bp −$8	18.2 bp −$182	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.93 bp	6.4 bp −$6	8.4 bp −$84	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 −0.0087% / S +0.0165%	1h	12.919	+0.038%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0045%	8h	12.911	−0.023%	$92K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.926	+0.095%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.921	+0.054%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.980%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.923	+0.068%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.920	+0.043%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.913	−0.008%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.914	long leg	$354K	$339K	10x
Hyperliquid LINK	+0.0100%	1h	12.922	+0.062%	$80.9M	$28.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.917	+0.025%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.921	+0.054%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.910	−0.029%	$119.3M	$298.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.904	−0.077%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.909	−0.039%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.935	+0.163%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.913	−0.008%	$134.4M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.912	−0.015%	$33.9M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.914	0.000%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.906	−0.062%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.909	−0.039%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.922	+0.062%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.906	−0.060%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.917	+0.022%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.915	+0.011%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.923	+0.070%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.146%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.934	+0.155%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.920	+0.046%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.908	−0.045%	$631K	$782K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.921	+0.055%	$6.5M	$8.4M	50x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.903	−0.086%	$634K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.921	+0.058%	$542K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0129%	1h	12.927	+0.098%	$808K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.929	+0.116%	$931K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.919	+0.039%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.913	−0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.936	+0.170%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0584%	1h	12.918	+0.028%	$344K	$45K	10x	as long as short