Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado+0.050%7-day average +0.007% · 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−$36as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.050%, 7d avg +0.007%

Together, before fees−0.297%+ Points / potential airdropNado: Active · farm board−$30 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: KuCoin is 0.043% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.918	0.0100	pay 0.0012% / 1h	15m 56s	$346K	$343K	10x
Short	KuCoin LINKUSDTM	12.925	0.0100	get 0.0100% / 8h	2h 15m	$22.8M	$13.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.007%: $4.29
Slippage, 4 orders: −$21.01
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.71
Costs to cover: 0.400%
Break-even: 3669150343770594.5 days

Slippage from Nado: live order book, 32 min ago; KuCoin: 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, 32 min ago	1.16 bp	7.4 bp −$7	20.0 bp −$200	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.16 bp	10.6 bp −$11	16.4 bp −$164	60.9 bp −$6,094	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 −0.0089% / S +0.0166%	1h	12.924	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.926	+0.057%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.923	+0.035%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.014%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0036%	8h	12.918	−0.004%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.924	+0.045%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.923	+0.038%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.918	−0.007%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.918	long leg	$346K	$343K	10x
Aster LINKUSDT	+0.0100%	8h	12.926	+0.061%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.921	+0.023%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.926	+0.061%	$118.8M	$302.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.924	+0.043%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.921	+0.019%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.938	+0.151%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.919	+0.004%	$124.2M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.925	+0.050%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.925	+0.050%	$22.8M	$13.1M	75x
Bitget LINKUSDT	+0.0100%	8h	12.921	+0.019%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.923	+0.035%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.242%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.178%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	+0.066%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.937	+0.143%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.931	+0.097%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.923	+0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.935	+0.126%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.923	+0.035%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.145%	$632K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.921	+0.016%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.923	+0.039%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	12.932	+0.105%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.923	+0.035%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.925	+0.050%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.936	+0.135%	$80.5M	$27.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0237%	1h	12.930	+0.090%	$801K	$246K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.928	+0.073%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.925	+0.051%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0567%	8h	12.937	+0.143%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0674%	1h	12.916	−0.017%	$344K	$33K	10x	as long as short