LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.008%

Price spread now: Kraken Futures against Nado+0.201%7-day average +0.035% · 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−$18as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.201%, 7d avg +0.035%

Together, before fees−0.017%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.166% dearer against Nado than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.035%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 3 days (−0.018% in total) that is about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.245	0.0100	pay 0.0012% / 1h	31m 48s	$403K	$314K	10x
Short	Kraken Futures PF_LINKUSD	13.272	0.0025	get 0.0003% / 1h	31m 48s	$6.2M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$15.72
Price spread: +0.201% → +0.035%: $16.65
Slippage, 4 orders: −$17.54
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.61
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Nado: live order book, 16 min ago; Kraken Futures: live order book, 3 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, 16 min ago	0.38 bp	6.9 bp −$7	17.7 bp −$177	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.65 bp	7.6 bp −$8	7.6 bp −$76	13.1 bp −$1,314	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 −0.0092% / S +0.0165%	1h	13.252	+0.051%	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0028%	8h	13.192	−0.406%	$3.4M	$1.3M	—	as long as short
Phoenix LINK	−0.0012%	1h	13.236	−0.072%	$3K	$79K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.259	+0.101%	$351K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.270	+0.183%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.271	+0.193%	$706K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.255	+0.075%	$158K	—	150x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0025%	1h	13.272	+0.201%	$6.2M	$6.5M	50x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.383%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0056%	1h	13.260	+0.109%	$1.0M	$2.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LINK_USDC	+0.0066%	8h	13.263	+0.132%	$137K	$1.6M	20x	as long as short
OKX LINK-USDT-SWAP	+0.0082%	8h	13.260	+0.109%	$28.2M	$85.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.262	+0.127%	$2.1M	$2.3M	10x	as long as short
Bybit LINKUSDT	+0.0097%	8h	13.258	+0.094%	$85.5M	$66.8M	75x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.256	+0.079%	$32K	$3K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.245	long leg	$403K	$314K	10x
Hyperliquid LINK	+0.0100%	1h	13.274	+0.215%	$78.1M	$22.3M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.257	+0.089%	$1.4M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.261	+0.118%	$277K	$161K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.256	+0.079%	$122.3M	$297.4M	75x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.264	+0.140%	$200K	$154K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.250	+0.034%	$132.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.257	+0.087%	$35.9M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.261	+0.117%	$21.8M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.258	+0.094%	$55.2M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.253	+0.057%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.197	−0.369%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.358%	$601K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.274	+0.215%	$154K	$658K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.252	+0.049%	$80K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.263	+0.133%	$25K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.280	+0.260%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.266	+0.155%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.239	−0.045%	$644K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	+0.018%	$676K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.265	+0.146%	$558K	$340	3x	as long as short
Backpack LINK_USDC_PERP	+0.0118%	1h	13.275	+0.223%	$364K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.226	−0.147%	$5.2M	$16.3M	75x	as long as short
Reya LINKRUSDPERP	+0.0370%	1h	13.246	+0.002%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0439%	8h	13.280	+0.260%	$20.5M	$11.4M	50x	as long as short