Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Nado+0.015%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 Polymarket Perps

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.089	0.0100	pay 0.0012% / 1h	46m 32s	$397K	$317K	10x
Short	Polymarket Perps LINK-USD	13.091	0.0100	get 0.0013% / 1h	46m 32s	$80K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.53
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.47
Costs to cover: 0.150%
Break-even: 1384091210686135.5 days

Slippage unknown: Nado: live order book, 41 min ago; Polymarket Perps: 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, 41 min ago	1.13 bp	7.6 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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	13.086	−0.021%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.096	+0.051%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.086	−0.024%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	−0.012%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.121%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.264%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.240%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.079	−0.076%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0054%	1h	13.091	+0.011%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.087	−0.014%	$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	13.082	−0.057%	$31K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.089	long leg	$397K	$317K	10x
Hyperliquid LINK	+0.0100%	1h	13.096	+0.053%	$77.3M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.090	+0.006%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.087	−0.018%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.081	−0.064%	$120.9M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.082	−0.053%	$84.4M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.082	−0.053%	$27.5M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.097	+0.061%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.084	−0.038%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.082	−0.053%	$35.6M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.087	−0.015%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.084	−0.038%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.082	−0.053%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.094	+0.038%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.105%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.076	−0.100%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.222%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.091	+0.015%	$80K	$63K	10x
Derive LINK-PERP	+0.0100%	1h	13.081	−0.057%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.070%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.080	−0.069%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	−0.050%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.082	−0.051%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.086	−0.020%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.093	+0.031%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.084	−0.038%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.087	−0.012%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0504%	8h	13.097	+0.061%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.088	−0.010%	$7.0M	$7.7M	50x	as long as short