Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h 0.000%

Price spread now: HTX against Nado−0.085%7-day average −0.056% · 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−$58as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.085%, 7d avg −0.056%

Together, before fees+0.033%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX 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 −0.056%). Swap the legs.

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	58m 53s	$402K	$311K	10x
Short	HTX LINK-USDT	13.169	0.0056	get 0.0056% / 8h	7h 58m	$648K	$875K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$9.29
Price spread: −0.085% → −0.056%: −$2.87
Slippage, 4 orders: −$36.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$67.47
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from Nado: live order book, 14 min ago; HTX: live order book, 15 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, 14 min ago	0.38 bp	6.0 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell HTX live order book, 15 min ago	6.76 bp	29.0 bp −$29	190.5 bp −$1,905	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 −0.0091% / S +0.0167%	1h	13.180	−0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.187	+0.049%	$478K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.185	+0.033%	$730K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.182	+0.009%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.136	−0.335%	$4K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.922%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.177	−0.027%	$133K	$1.5M	20x	as long as short
HTX LINK-USDTshort	+0.0056%	8h	13.169	−0.085%	$648K	$875K	75x
SoDEX LINK-USD	+0.0086%	1h	13.181	+0.004%	$5K	$35K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.152	−0.218%	$2.0M	$2.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.175	−0.039%	$32K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.180	long leg	$402K	$311K	10x
Aster LINKUSDT	+0.0100%	8h	13.176	−0.037%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.177	−0.027%	$277K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.172	−0.065%	$122.4M	$306.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	−0.072%	$85.1M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.168	−0.095%	$27.9M	$86.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.087%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.172	−0.064%	$130.6M	$12.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.171	−0.072%	$36.7M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.170	−0.080%	$22.8M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.167	−0.102%	$54.8M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.173	−0.057%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.177	−0.029%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	−0.062%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.183	+0.021%	$597K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.185	+0.034%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.191	+0.080%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.178	−0.017%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.198	+0.132%	$34K	$1.6M	30x	as long as short
Extended LINK-USD	+0.0104%	1h	13.168	−0.092%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.182	+0.013%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.064%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.181	+0.004%	$5.2M	$16.4M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0273%	1h	13.184	+0.027%	$364K	$375K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.188	+0.055%	$6.9M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0368%	1h	13.188	+0.056%	$78.9M	$24.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.184	+0.028%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0466%	8h	13.191	+0.080%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0478%	1h	13.184	+0.027%	$349K	$48K	10x	as long as short