Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Paradex against Nado+0.037%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.037% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.892	0.0100	pay 0.0012% / 1h	58m 51s	$348K	$336K	10x
Short	Paradex LINK-USD-PERP	12.897	0.0100	get 0.0100% / 8h	7h 58m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.02
Price spread: +0.037% → 0.000%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.32
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 39 min ago; Paradex: 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, 39 min ago	0.78 bp	5.7 bp −$6	16.1 bp −$161	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Orderly PERP_LINK_USDC	−0.0099%	8h	12.881	−0.089%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.888	−0.036%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.900	+0.056%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.889	−0.026%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.820%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.890	−0.019%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.894	+0.014%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.891	−0.012%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.897	+0.037%	$31K	$2K	20x
Nado LINK-PERPlong	+0.0100%	1h	12.892	long leg	$348K	$336K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.904	+0.089%	$80.5M	$27.9M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.904	+0.086%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.900	+0.056%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.903	+0.081%	$119.2M	$298.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.902	+0.074%	$83.7M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.906	+0.105%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.908	+0.120%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.901	+0.066%	$134.0M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.901	+0.066%	$34.8M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.904	+0.089%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.898	+0.043%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.898	+0.043%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.879	−0.107%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.882	−0.081%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.887	−0.041%	$578K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.881	−0.089%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.893	+0.004%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.886	−0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.905	+0.097%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.888	−0.035%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	−0.027%	$630K	$750K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.895	+0.018%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.894	+0.010%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0130%	1h	12.899	+0.050%	$335K	$385K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.897	+0.035%	$931K	$3.0M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.887	−0.043%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.884	−0.067%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0456%	1h	12.897	+0.034%	$807K	$268K	50x	as long as short
dYdX LINK-USD	+0.0538%	1h	12.893	+0.005%	$343K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.907	+0.112%	$19.9M	$11.4M	50x	as long as short