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% APRpaid last 24h −0.008%

Price spread now: OKX against Nado+0.065%7-day average −0.009% · 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−$24as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.626%−$63 · spread now +0.065%, 7d avg −0.009%

Together, before fees−0.639%+ Points / potential airdropNado: Active · farm board−$64 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: OKX is 0.075% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.997	0.0100	pay 0.0012% / 1h	28m 36s	$395K	$315K	10x
Short	OKX LINK-USDT-SWAP	13.006	0.0100	get 0.0100% / 8h	5h 28m	$27.4M	$82.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.009%: $7.45
Slippage, 4 orders: −$14.95
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.5
Costs to cover: 0.319%
Break-even: 2516872278188618.0 days

Slippage from Nado: live order book, 34 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.38 bp	10.1 bp −$10	19.2 bp −$192	41.4 bp −$4,138	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	+0.123%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.033	+0.274%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.014	+0.129%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.597%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.023	+0.196%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.009	+0.088%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.999	+0.012%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.044	+0.355%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.000	+0.020%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.997	long leg	$395K	$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	13.004	+0.053%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.001	+0.028%	$274K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.006	+0.065%	$119.9M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.004	+0.050%	$84.0M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.006	+0.065%	$27.4M	$82.0M	50x
Arcus LINK-USD	+0.0100%	1h	13.018	+0.158%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.002	+0.035%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.001	+0.027%	$32.0M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.003	+0.042%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.009	+0.088%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.000	+0.019%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.009	+0.088%	$342K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	+0.241%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	+0.155%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.295%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.281%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.012	+0.112%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	+0.087%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.256%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.006	+0.065%	$5K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	+0.100%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.994	−0.024%	$649K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.010	+0.096%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.013	+0.116%	$773K	$184K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.014	+0.127%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0351%	1h	13.002	+0.033%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.006	+0.069%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	+0.079%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.021	+0.181%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0646%	1h	13.024	+0.204%	$81.8M	$27.2M	10x	as long as short