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% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Arcus−0.260%7-day average −0.081% · 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−$59as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.752%+$75 · spread now −0.260%, 7d avg −0.081%

Together, before fees+0.752%+ Points / potential airdropNado: Active · farm board+$75 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.180% cheaper against Arcus than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.867	0.0100	pay 0.0013% / 1h	31m 47s	$180K	$100K	10x
Short	Nado LINK-PERP	12.834	0.0100	get 0.0012% / 1h	31m 47s	$348K	$336K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now −0.260%Rate

Funding earned: $0
Price spread: −0.260% → −0.081%: −$17.99
Slippage, 4 orders: −$29.87
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$59.36
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; Nado: live order book, 1 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 Arcus live order book, 1 min ago	10.49 bp	15.8 bp −$16	30.7 bp −$307	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	1.17 bp	7.9 bp −$8	16.7 bp −$167	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
Orderly PERP_LINK_USDC	−0.0115%	8h	12.834	−0.256%	$90K	$976K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.837	−0.234%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.851	−0.125%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.837	−0.236%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0011%	8h	12.834	−0.256%	$83.1M	$72.9M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.629%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.840	−0.208%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.886	+0.152%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.836	−0.241%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.844	−0.178%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPshort	+0.0100%	1h	12.834	−0.260%	$348K	$336K	10x
Hyperliquid LINK	+0.0100%	1h	12.841	−0.206%	$80.2M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.840	−0.210%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.848	−0.149%	$273K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.837	−0.233%	$118.5M	$296.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.835	−0.249%	$26.9M	$79.4M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.867	long leg	$180K	$100K	10x
Gate LINK_USDT	+0.0100%	8h	12.835	−0.249%	$133.1M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.836	−0.241%	$35.8M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.840	−0.210%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.832	−0.272%	$53.6M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.834	−0.256%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	−0.202%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.870	+0.026%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.873	+0.048%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	+0.031%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.895	+0.218%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.839	−0.218%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.874	+0.058%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.860	−0.054%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.836	−0.241%	$10K	$60K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.836	−0.244%	$627K	$714K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.828	−0.302%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.860	−0.053%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.873	+0.047%	$926K	$3.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0217%	1h	12.844	−0.183%	$803K	$268K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.851	−0.124%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.830	−0.284%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0638%	8h	12.856	−0.085%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1449%	1h	12.851	−0.125%	$345K	$49K	10x	as long as short