Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Nado+0.123%7-day average +0.062% · 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−$36as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Nado Short on ApeX Omni

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)−0.273%−$27 · spread now +0.123%, 7d avg +0.062%

Together, before fees−0.273%+ Points / potential airdropNado: Active · farm board−$27 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: ApeX Omni is 0.061% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.018	0.0100	pay 0.0012% / 1h	28m 53s	$396K	$315K	10x
Short	ApeX Omni LINKUSDT	13.034	0.0100	get 0.0013% / 1h	28m 53s	$134K	$672K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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 NadobpFee ApeX OmnibpOrdersPrice spread, now +0.123%Rate

Funding earned: $0
Price spread: +0.123% → +0.062%: $6.12
Slippage, 4 orders: −$24.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$35.73
Costs to cover: 0.419%
Break-even: 3671299244563668.0 days

Slippage from Nado: live order book, 34 min ago; ApeX Omni: live order book, 34 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 Nado live order book, 34 min ago	0.38 bp	6.9 bp −$7	17.3 bp −$173	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	5.76 bp	13.8 bp −$14	108.9 bp −$1,089	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 −0.0090% / S +0.0167%	1h	13.013	−0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.033	+0.116%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.014	−0.028%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.747%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.023	+0.038%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.009	−0.069%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.006	−0.096%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.044	+0.197%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.019	+0.006%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.018	long leg	$396K	$315K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.010	−0.061%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.017	−0.007%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.001	−0.128%	$119.9M	$296.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.997	−0.161%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.997	−0.161%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.033	+0.115%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.003	−0.115%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.003	−0.115%	$32.0M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.005	−0.100%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.003	−0.115%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.003	−0.115%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.009	−0.069%	$342K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	+0.083%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	−0.002%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.137%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.034	+0.123%	$134K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.022	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	−0.071%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.098%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.006	−0.092%	$5K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	−0.058%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.995	−0.178%	$649K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.010	−0.061%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.013	−0.041%	$773K	$184K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.014	−0.031%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0318%	1h	13.018	−0.001%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.015	−0.021%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	−0.078%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.021	+0.023%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0645%	1h	13.022	+0.032%	$81.8M	$27.2M	10x	as long as short