Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: MEXC against Nado−0.058%7-day average +0.008% · 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−$22as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.507%−$51 · spread now −0.058%, 7d avg +0.008%

Together, before fees−0.512%+ Points / potential airdropNado: Active · farm board−$51 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: MEXC is 0.066% cheaper against Nado than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.989	0.0100	pay 0.0012% / 1h	39m 58s	$395K	$315K	10x
Short	MEXC LINK_USDT	12.982	0.0100	get 0.0100% / 8h	5h 39m	$32.0M	$56.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.008%: −$6.56
Slippage, 4 orders: −$8.6
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$22.16
Costs to cover: 0.156%
Break-even: 2276336049850191.5 days

Slippage from Nado: live order book, 23 min ago; MEXC: live order book, 9 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, 23 min ago	0.38 bp	6.9 bp −$7	17.3 bp −$173	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	0.38 bp	0.4 bp $0	3.5 bp −$35	23.8 bp −$2,381	44.8 bp −$22.4K

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 −0.0090% / S +0.0167%	1h	12.982	−0.059%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.989	−0.004%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.984	−0.040%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.538%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.977	−0.096%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.981	−0.065%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.984	−0.042%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	−0.051%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.991	+0.008%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.989	long leg	$395K	$315K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.989	−0.004%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.987	−0.021%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.983	−0.053%	$119.7M	$296.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.979	−0.081%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.980	−0.073%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.003	+0.104%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.982	−0.058%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDTshort	+0.0100%	8h	12.982	−0.058%	$32.0M	$56.9M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.985	−0.035%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.981	−0.065%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.983	−0.050%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.143%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.006	+0.126%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.162%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.166%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.035%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	−0.050%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.134%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.984	−0.042%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.968	−0.162%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.979	−0.079%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.986	−0.025%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0105%	1h	12.988	−0.012%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.989	−0.008%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.979	−0.081%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.984	−0.040%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0408%	1h	12.983	−0.051%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.984	−0.039%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0615%	8h	13.001	+0.089%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0676%	1h	12.999	+0.073%	$81.2M	$27.1M	10x	as long as short