Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: SoDEX against Nado+0.073%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 SoDEX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.073% dearer against Nado than usual: you sell high and buy low, +$7 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	13.041	0.0100	pay 0.0012% / 1h	25m 40s	$396K	$319K	10x
Short	SoDEX LINK-USD	13.051	0.0100	get 0.0013% / 1h	25m 40s	$15K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → 0.000%: $7.28
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.72
Costs to cover: 0.150%
Break-even: 792684222064529.3 days

Slippage unknown: Nado: live order book, 42 min ago; SoDEX: 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, 42 min ago	1.14 bp	7.7 bp −$8	19.8 bp −$198	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 39 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	13.047	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.043	+0.008%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.047	+0.039%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.919%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.531%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.046	+0.035%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.035	−0.050%	$956K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.039	−0.020%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.044	+0.022%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.041	long leg	$396K	$319K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.051	+0.073%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.041	−0.007%	$276K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.040	−0.014%	$119.7M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.039	−0.019%	$84.2M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.044	+0.019%	$27.4M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.056	+0.111%	$183K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.040	−0.012%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.043	+0.012%	$33.1M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.039	−0.019%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.044	+0.019%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.045	+0.027%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.044	+0.022%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.982	−0.458%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.587%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.992	−0.380%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.052	+0.081%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.048	+0.051%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.061	+0.150%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.051	+0.073%	$15K	$41K	10x
HTX LINK-USDT	+0.0100%	8h	13.037	−0.032%	$643K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.041	−0.004%	$695K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.051	+0.073%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.061	+0.150%	$339K	$386K	15x	as long as short
dYdX LINK-USD	+0.0269%	1h	13.040	−0.013%	$345K	$45K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0271%	1h	13.057	+0.117%	$775K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.044	+0.019%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0434%	1h	13.059	+0.134%	$80.6M	$26.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0499%	1h	13.058	+0.125%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0591%	8h	13.063	+0.165%	$20.2M	$11.5M	50x	as long as short