LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Nado−0.046%7-day average +0.028% · 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−$307as in the Price arb table

costs, in and out, $10k−$3002.995% of the position

Long on Nado Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.046%, 7d avg +0.028%

Together, before fees+0.055%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.073% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.147	0.0100	pay 0.0012% / 1h	35m 50s	$399K	$312K	10x
Short	gTrade (Gains Network) LINK/USD	13.141	L +0.0004% / S −0.0006%	get 0.0001% / 1h	35m 50s	$133K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.046%Rate

Funding earned: −$19.65
Price spread: −0.046% → +0.028%: −$7.33
Slippage, 4 orders: −$282.53
Fee Nado: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$326.5
Costs to cover: 2.995%
Break-even: never at this rate

Slippage from Nado: live order book, 47 min ago; gTrade (Gains Network): virtual book (oracle venue), 43 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, 47 min ago	1.14 bp	8.1 bp −$8	18.8 bp −$188	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 43 min ago	130.05 bp	142.5 bp −$143	1049.3 bp −$10.5K	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	13.139	−0.060%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.150	+0.020%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.055%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.140	−0.050%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0006%	1h	13.141	−0.046%	$133K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.682%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.467%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.139	−0.061%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.137	−0.079%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.142	−0.037%	$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	13.147	long leg	$399K	$312K	10x
Hyperliquid LINK	+0.0100%	1h	13.138	−0.068%	$77.5M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.139	−0.062%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.147	0.000%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.132	−0.111%	$121.9M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.132	−0.114%	$84.6M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.132	−0.114%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.163	+0.122%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.132	−0.114%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.133	−0.106%	$36.4M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.136	−0.084%	$22.2M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.131	−0.122%	$54.7M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.134	−0.099%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.441%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.183	+0.275%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.179	+0.240%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.182	+0.266%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.143	−0.030%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.136	−0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.156	+0.066%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.134	−0.099%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.131	−0.125%	$646K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.132	−0.112%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.141	−0.049%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.148	+0.008%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.136	−0.084%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.152	+0.038%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.137	−0.073%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.144	−0.023%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.137	−0.078%	$6.9M	$8.0M	50x	as long as short