Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Nado−0.118%7-day average −0.002% · 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−$41as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.258%−$26 · spread now −0.118%, 7d avg −0.002%

Together, before fees−0.275%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$28 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: GRVT is 0.115% cheaper against Nado than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.958	0.0100	pay 0.0012% / 1h	30m 56s	$394K	$317K	10x
Short	GRVT LINK_USDT_Perp	12.943	0.0100	get 0.0100% / 8h	6h 30m	$588K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.002%: −$11.55
Slippage, 4 orders: −$13.92
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$41.46
Costs to cover: 0.299%
Break-even: 4260019873256465.5 days

Slippage from Nado: live order book, 37 min ago; GRVT: live order book, 3 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, 37 min ago	1.14 bp	7.7 bp −$8	19.8 bp −$198	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	2.70 bp	8.0 bp −$8	20.0 bp −$200	doesn't fit	doesn't fit

LINK on 39 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	12.962	+0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.965	+0.053%	$471K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.961	+0.016%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.310%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.978	+0.151%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.959	+0.004%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.951	−0.058%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.958	−0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.000	+0.317%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.958	long leg	$394K	$317K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.965	+0.051%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.963	+0.037%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.962	+0.029%	$119.1M	$305.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.956	−0.019%	$83.6M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.961	+0.019%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.975	+0.127%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.964	+0.042%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.965	+0.050%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.965	+0.050%	$22.5M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.962	+0.027%	$53.9M	$31.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.962	+0.027%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.969	+0.081%	$337K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.046%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.955	−0.029%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	12.943	−0.118%	$588K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	12.958	−0.004%	$133K	$684K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.968	+0.073%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.959	+0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.974	+0.121%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.961	+0.019%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.950	−0.063%	$639K	$864K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.960	+0.013%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.971	+0.100%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0221%	1h	12.967	+0.066%	$770K	$212K	50x	as long as short
dYdX LINK-USD	+0.0302%	1h	12.955	−0.025%	$343K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.963	+0.036%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0393%	1h	12.973	+0.112%	$79.5M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.965	+0.052%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0636%	8h	12.978	+0.150%	$20.0M	$11.5M	50x	as long as short