LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Nado−5.170%109s7-day average — · you buy dearer than you sell

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

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.170% cheaper against Nado than usual: you would sell low and buy high (−$517 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.076	0.0100	pay 0.0012% / 1h	49m 24s	$397K	$319K	10x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	49m 24s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.170%Rate

Funding earned: −$14
Price spread: −5.170% → 0.000%: −$516.98
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$538
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 38 min ago; Injective: 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, 38 min ago	1.13 bp	7.6 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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]	L −0.0091% / S +0.0165%	1h	13.071	−0.037%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.077	+0.006%	$455K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.075	−0.008%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.074	−0.018%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.021%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−5.170%	$4K	$48K	12x
Variational Omni LINK	+0.0037%	8h	13.058	−0.141%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	13.064	−0.092%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0071%	1h	13.083	+0.051%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.082	+0.046%	$2.1M	$2.4M	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	13.076	+0.003%	$31K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.076	long leg	$397K	$319K	10x
Hyperliquid LINK	+0.0100%	1h	13.082	+0.046%	$77.4M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.086	+0.073%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.080	+0.031%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.075	−0.008%	$120.9M	$300.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.075	−0.008%	$84.4M	$69.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.076	0.000%	$27.6M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.093	+0.130%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.077	+0.008%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.071	−0.038%	$35.5M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.087	+0.084%	$21.9M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.076	0.000%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.081	+0.038%	—	$21.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.088	+0.092%	$362K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.089	+0.101%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.062	−0.108%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.122%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.082	+0.046%	$79K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.068	−0.062%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.079	+0.024%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.074	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.040	−0.275%	$638K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.078	+0.015%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.075	−0.009%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.079	+0.023%	$986K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.049	−0.206%	$5.2M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.076	0.000%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.085	+0.071%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0515%	8h	13.086	+0.076%	$20.2M	$11.5M	50x	as long as short