Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado−0.027%7-day average +0.007% · 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−$45as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now −0.027%, 7d avg +0.007%

Together, before fees−0.219%+ Points / potential airdropNado: Active · farm board−$22 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: KuCoin is 0.034% cheaper against Nado than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.930	0.0100	pay 0.0012% / 1h	47m 50s	$343K	$339K	10x
Short	KuCoin LINKUSDTM	12.927	0.0100	get 0.0100% / 8h	2h 47m	$22.7M	$13.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.007%: −$3.44
Slippage, 4 orders: −$22.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.54
Costs to cover: 0.411%
Break-even: 4575952227684451.0 days

Slippage from Nado: live order book, 65 min ago; KuCoin: live order book, 6 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, 65 min ago	1.15 bp	7.4 bp −$7	20.2 bp −$202	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.94 bp	14.3 bp −$14	21.9 bp −$219	63.1 bp −$6,310	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 −0.0089% / S +0.0166%	1h	12.936	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.940	+0.071%	$516K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.936	+0.042%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.103%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	12.932	+0.012%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.945	+0.113%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.934	+0.029%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.929	−0.010%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.930	long leg	$343K	$339K	10x
Aster LINKUSDT	+0.0100%	8h	12.926	−0.033%	$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	12.934	+0.026%	$275K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.924	−0.050%	$119.6M	$301.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.923	−0.058%	$83.4M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.923	−0.058%	$27.3M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.954	+0.182%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.920	−0.081%	$124.4M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.923	−0.058%	$33.2M	$56.5M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.927	−0.027%	$22.7M	$13.0M	75x
Bitget LINKUSDT	+0.0100%	8h	12.924	−0.050%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.925	−0.043%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.938	+0.058%	$339K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.930	−0.002%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.906	−0.191%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.937	+0.050%	$587K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.934	+0.027%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.944	+0.104%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.934	+0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.949	+0.146%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.934	+0.027%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.917	−0.107%	$634K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.918	−0.097%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.937	+0.049%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0106%	1h	12.942	+0.090%	$791K	$218K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.937	+0.050%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.934	+0.027%	$5.2M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.937	+0.047%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0301%	1h	12.944	+0.104%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.933	+0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0573%	8h	12.952	+0.166%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1030%	1h	12.930	−0.003%	$343K	$32K	10x	as long as short