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% APRpaid last 24h +0.007%

Price spread now: Nado against Paradex−0.011%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Nado

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 airdropParadex: Active · Nado: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.120	0.0100	pay 0.0100% / 8h	2h 32m	$32K	$3K	20x
Short	Nado LINK-PERP	13.118	0.0100	get 0.0012% / 1h	32m 00s	$398K	$318K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.011%Rate

Funding earned: $0.03
Price spread: −0.011% → 0.000%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$12.05
Costs to cover: 0.110%
Break-even: 2755.3 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 55 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 55 min ago	1.13 bp	7.3 bp −$7	19.4 bp −$194	doesn't fit	doesn't fit

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
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0165%	1h	13.121	+0.006%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.126	+0.044%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.122	+0.014%	$711K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.123	+0.020%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.118	−0.013%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0026%	1h	13.124	+0.030%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.487%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	13.114	−0.045%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	−0.167%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.125	+0.035%	$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-PERPlong	+0.0100%	8h	13.120	long leg	$32K	$3K	20x
Nado LINK-PERPshort	+0.0100%	1h	13.118	−0.011%	$398K	$318K	10x
Hyperliquid LINK	+0.0100%	1h	13.135	+0.115%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.124	+0.033%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.023%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.121	+0.008%	$121.3M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.121	+0.008%	$84.6M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.123	+0.023%	$27.7M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.133	+0.100%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.122	+0.016%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.120	+0.001%	$36.0M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.123	+0.023%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.120	+0.001%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.121	+0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.132	+0.092%	$363K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.099	−0.157%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.106	−0.107%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	−0.076%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.125	+0.039%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.116	−0.033%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.136	+0.123%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.118	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.103	−0.132%	$644K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.116	−0.029%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.122	+0.019%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.122	+0.016%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.118	−0.015%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.119	−0.005%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0482%	8h	13.134	+0.107%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.128	+0.064%	$7.0M	$7.8M	50x	as long as short