Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against ApeX Omni−0.058%59s7-day average −0.059% · 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—prices read too far apart to compare

costs, in and out, $10k−$460.460% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.058%, 7d avg −0.059%

Together, before fees+0.108%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.893	0.0100	pay 0.0013% / 1h	47m 15s	$132K	$673K	50x
Short	Nado LINK-PERP	12.885	0.0100	get 0.0012% / 1h	47m 15s	$349K	$339K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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 ApeX OmnibpFee NadobpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.059%: $0.13
Slippage, 4 orders: −$29.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$45.89
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; Nado: live order book, 61 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 ApeX Omni live order book, 61 min ago	8.12 bp	15.8 bp −$16	66.5 bp −$665	doesn't fit	doesn't fit
Sell Nado live order book, 61 min ago	1.16 bp	6.5 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit

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 −0.0089% / S +0.0166%	1h	12.872	−0.160%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.887	−0.047%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.875	−0.143%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0007%	8h	12.865	−0.217%	$94K	$1.1M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.824%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.892	−0.010%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.872	−0.161%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.876	−0.130%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.885	−0.058%	$349K	$339K	10x
Aster LINKUSDT	+0.0100%	8h	12.877	−0.121%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.883	−0.078%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.871	−0.172%	$118.7M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.867	−0.202%	$83.1M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.868	−0.194%	$26.9M	$80.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.891	−0.016%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.875	−0.140%	$123.9M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.874	−0.147%	$34.4M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.876	−0.132%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.869	−0.186%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.874	−0.147%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	−0.020%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	−0.005%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	+0.005%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.893	long leg	$132K	$673K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.882	−0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.871	−0.173%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.885	−0.060%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.872	−0.163%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.870	−0.175%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.867	−0.198%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.874	−0.150%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.893	0.000%	$931K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0140%	1h	12.894	+0.008%	$336K	$388K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0177%	1h	12.878	−0.114%	$805K	$261K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.875	−0.137%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	−0.116%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0322%	1h	12.891	−0.016%	$80.4M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.870	−0.178%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.890	−0.023%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0840%	1h	12.880	−0.099%	$343K	$33K	10x	as long as short