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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Nado+0.039%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.039% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.822	0.0100	pay 0.0012% / 1h	28m 33s	$344K	$343K	10x
Short	Polymarket Perps LINK-USD	12.827	0.0100	get 0.0013% / 1h	28m 33s	$80K	$71K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → 0.000%: $3.9
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.1
Costs to cover: 0.150%
Break-even: 1140442341589257.3 days

Slippage unknown: Nado: live order book, 19 min ago; Polymarket Perps: no order-book sample. 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 Nado live order book, 19 min ago	1.16 bp	7.4 bp −$7	20.0 bp −$200	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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]	L −0.0089% / S +0.0166%	1h	12.849	+0.211%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.853	+0.239%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.849	+0.210%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.291%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	12.840	+0.140%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.848	+0.200%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.823	+0.007%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.819	−0.026%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.822	long leg	$344K	$343K	10x
Aster LINKUSDT	+0.0100%	8h	12.830	+0.059%	$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	12.827	+0.041%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.825	+0.023%	$118.1M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.822	0.000%	$82.7M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.824	+0.016%	$27.1M	$79.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.840	+0.140%	$179K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.826	+0.031%	$123.7M	$15.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.824	+0.016%	$33.0M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.834	+0.094%	$22.6M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.818	−0.031%	$53.5M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.822	0.000%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.845	+0.179%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.825	+0.020%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	+0.133%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.825	+0.026%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	+0.125%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	12.827	+0.039%	$80K	$71K	10x
Derive LINK-PERP	+0.0100%	1h	12.842	+0.156%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.853	+0.242%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.840	+0.140%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.841	+0.147%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.817	−0.040%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.845	+0.176%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.850	+0.218%	$914K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0178%	1h	12.851	+0.227%	$793K	$241K	50x	as long as short
Hyperliquid LINK	+0.0219%	1h	12.837	+0.117%	$79.9M	$27.6M	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.843	+0.164%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.842	+0.154%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.820	−0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0582%	8h	12.858	+0.281%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0828%	1h	12.824	+0.018%	$342K	$33K	10x	as long as short