LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.065%

Price spread now: GMX against Nado+0.021%7-day average +0.050% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.236%−$24 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.021%, 7d avg +0.050%

Together, before fees−0.165%+ Points / potential airdropNado: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.029% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.238	0.0100	pay 0.0012% / 1h	55m 39s	$405K	$313K	10x
Short	GMX LINK/USD [LINK-USDC]	13.240	L −0.0090% / S +0.0167%	pay 0.0021% / 1h	55m 39s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$55.97
Price spread: +0.021% → +0.050%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$77.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 22 min ago; GMX: no order-book sample. Net counts fees only.

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, 22 min ago	1.14 bp	7.6 bp −$8	23.2 bp −$232	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.0090% / S +0.0167%	1h	13.240	+0.021%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.247	+0.070%	$484K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.240	+0.019%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.327%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.103%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.241	+0.026%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0058%	1h	13.251	+0.100%	$351K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.252	+0.109%	$2.0M	$2.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	13.249	+0.090%	$726K	$128K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.250	+0.093%	$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	13.238	long leg	$405K	$313K	10x
Aster LINKUSDT	+0.0100%	8h	13.252	+0.112%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.253	+0.118%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.251	+0.104%	$123.3M	$303.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.248	+0.079%	$85.6M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.252	+0.110%	$28.0M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.263	+0.193%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.249	+0.087%	$131.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.254	+0.125%	$36.9M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.254	+0.125%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.250	+0.094%	$55.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.251	+0.102%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.331%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.214	−0.179%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.261%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.185%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.244	+0.049%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.238	+0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.255	+0.131%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.246	+0.064%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.218	−0.144%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	+0.081%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.243	+0.044%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.239	+0.011%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.234	−0.026%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0323%	1h	13.266	+0.215%	$78.4M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0370%	1h	13.256	+0.140%	$366K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.237	−0.006%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.259	+0.162%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.256	+0.141%	$7.0M	$8.2M	50x	as long as short