LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0463%/8h= −50.7% APRnext payment −$0.58 per $10,000 · paid last 24h −0.021%

Price spread now: Nado against dYdX+0.068%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1811.815% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.156%−$16 on $10k

Price spread, last 3 days (all we have)+0.185%+$18 · spread now +0.068%, 7d avg −0.015%

Together, before fees+0.029%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.083% dearer against dYdX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.015%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.156% in total) that is about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.115	0.0563	pay 0.0070% / 1h	19m 08s	$347K	$48K	10x
Short	Nado LINK-PERP	13.123	0.0100	get 0.0012% / 1h	19m 08s	$401K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now +0.068%Rate

Funding earned: −$97.27
Price spread: +0.068% → −0.015%: $8.33
Slippage, 4 orders: −$164.47
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$270.41
Costs to cover: 1.815%
Break-even: never at this rate

Slippage from dYdX: live order book, 60 min ago; Nado: live order book, 59 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 dYdX live order book, 60 min ago	78.47 bp	83.5 bp −$83	83.5 bp −$835	83.7 bp −$8,373	145.8 bp −$72.9K
Sell Nado live order book, 59 min ago	1.14 bp	6.9 bp −$7	22.6 bp −$226	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 −0.0091% / S +0.0167%	1h	13.124	+0.070%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.126	+0.083%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.126	+0.084%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.125	+0.076%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.129	+0.113%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.449%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.120	+0.041%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.119	+0.030%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.114	−0.006%	$32K	$3K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	13.123	+0.068%	$401K	$310K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.124	+0.069%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.120	+0.040%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.121	+0.047%	$121.9M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.118	+0.026%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.117	+0.018%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.156%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.119	+0.034%	$130.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.122	+0.057%	$36.7M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.128	+0.102%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.120	+0.041%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.120	+0.041%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.115	+0.001%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.103	−0.089%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.117	+0.019%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.114	−0.004%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.130	+0.118%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.120	+0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.141	+0.203%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.121	+0.049%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.110%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.118	+0.027%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.124	+0.070%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.122	+0.057%	$993K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.119	+0.034%	$5.2M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0221%	1h	13.128	+0.102%	$362K	$375K	15x	as long as short
Hyperliquid LINK	+0.0288%	1h	13.133	+0.139%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.123	+0.066%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.130	+0.121%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0484%	8h	13.139	+0.186%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USDlong	+0.0563%	1h	13.115	long leg	$347K	$48K	10x