LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0189%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.050%

Price spread now: Nado against GMX−0.181%68s7-day average −0.044% · you buy dearer than you sell

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.188%+$19 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.181%, 7d avg −0.044%

Together, before fees+0.306%+ Points / potential airdropNado: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.137% cheaper against GMX than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.044%). If the spread goes back, that is −$14 on $10k: about 2.4 days of funding at the current rate (+$6 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	12.906	L −0.0089% / S +0.0166%	get 0.0011% / 1h	49m 51s	$1.8M	—	200x
Short	Nado LINK-PERP	12.883	0.0100	get 0.0012% / 1h	49m 51s	$349K	$339K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee NadobpOrdersPrice spread, now −0.181%Rate

Funding earned: $39.59
Price spread: −0.181% → −0.044%: −$13.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $6.92
Costs to cover: 0.190%
Break-even: 5.8 days

Slippage unknown: GMX: no order-book sample; Nado: live order book, 58 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 GMX no order-book sample	—	—	—	—	—
Sell Nado live order book, 58 min ago	1.16 bp	6.5 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit

GMX: 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]long	L −0.0089% / S +0.0166%	1h	12.906	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	12.912	+0.047%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.905	−0.013%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0010%	8h	12.899	−0.057%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.923%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.893	−0.100%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.906	+0.001%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.907	+0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.883	−0.181%	$349K	$339K	10x
Aster LINKUSDT	+0.0100%	8h	12.898	−0.064%	$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	12.907	+0.005%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.897	−0.073%	$119.0M	$301.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.894	−0.096%	$83.2M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.894	−0.096%	$27.0M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.921	+0.114%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.900	−0.049%	$124.1M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.898	−0.065%	$33.5M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.904	−0.018%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.896	−0.080%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.900	−0.049%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	−0.124%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	−0.110%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	−0.096%	$585K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.897	−0.072%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.913	+0.052%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.905	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.919	+0.097%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.909	+0.021%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.875	−0.241%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.890	−0.128%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.908	+0.010%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.914	+0.059%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0149%	1h	12.917	+0.083%	$337K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.913	+0.054%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.891	−0.119%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0285%	1h	12.914	+0.058%	$807K	$259K	50x	as long as short
Hyperliquid LINK	+0.0318%	1h	12.922	+0.121%	$80.6M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.906	−0.002%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0570%	8h	12.924	+0.137%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0954%	1h	12.901	−0.039%	$344K	$33K	10x	as long as short