LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.005%

Price spread now: Kraken Futures against Nado+0.132%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.132%, 7d avg +0.038%

Together, before fees−0.064%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.095% dearer against Nado than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.038%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.006% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.127	0.0100	pay 0.0012% / 1h	1m 37s	$400K	$310K	10x
Short	Kraken Futures PF_LINKUSD	13.144	0.0478	get 0.0060% / 1h	1m 37s	$6.9M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.132%Rate

Funding earned: $79.3
Price spread: +0.132% → +0.038%: $9.46
Slippage, 4 orders: −$19.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $51.98
Costs to cover: 0.368%
Break-even: 2.4 days

Slippage from Nado: live order book, 11 min ago; Kraken Futures: live order book, 2 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, 11 min ago	0.38 bp	6.0 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.04 bp	13.1 bp −$13	17.2 bp −$172	49.3 bp −$4,931	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	13.133	+0.048%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.139	+0.093%	$478K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.139	+0.088%	$727K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.134	+0.050%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.093	−0.258%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.538%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.127	0.000%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.179	+0.395%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.175	+0.366%	$32K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.127	long leg	$400K	$310K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.172	+0.341%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.180	+0.407%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.178	+0.387%	$122.4M	$305.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.175	+0.366%	$85.0M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.179	+0.396%	$27.9M	$86.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.190	+0.480%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.179	+0.396%	$130.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.177	+0.381%	$36.6M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.182	+0.419%	$22.8M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.178	+0.389%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.178	+0.389%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.086	−0.314%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.097	−0.227%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.096	−0.236%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.099	−0.213%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.134	+0.053%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.130	+0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.147	+0.149%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.134	+0.053%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.119	−0.062%	$645K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.176	+0.377%	$703K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	+0.079%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.135	+0.061%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.181	+0.411%	$364K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	+0.053%	$5.2M	$16.3M	75x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.186	+0.453%	$78.5M	$24.2M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.129	+0.013%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0478%	1h	13.144	+0.132%	$6.9M	$8.3M	50x
Phemex LINKUSDT	+0.0479%	8h	13.151	+0.183%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0495%	1h	13.176	+0.374%	$349K	$48K	10x	as long as short