LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0289%/8h= +31.6% APRnext payment +$0.36 per $10,000 · paid last 24h +0.077%

Price spread now: Reya against Nado−0.051%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Reya

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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.051% cheaper against Nado than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.912	0.0100	pay 0.0012% / 1h	39m 51s	$390K	$311K	10x
Short	Reya LINKRUSDPERP	12.906	0.0389	get 0.0049% / 1h	39m 51s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.051%Rate

Funding earned: $60.69
Price spread: −0.051% → 0.000%: −$5.15
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.54
Costs to cover: 0.130%
Break-even: 2.1 days

Slippage unknown: Nado: live order book, 18 min ago; Reya: 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, 18 min ago	1.16 bp	8.5 bp −$8	19.9 bp −$199	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0090% / S +0.0167%	1h	12.902	−0.081%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.910	−0.018%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.900	−0.097%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.969%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.898	−0.112%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.146%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.916	+0.027%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.894	−0.140%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.912	−0.003%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.912	long leg	$390K	$311K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.896	−0.124%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.914	+0.013%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.895	−0.139%	$119.2M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.890	−0.174%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.882	−0.236%	$27.2M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.913	+0.004%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.895	−0.136%	$127.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.893	−0.151%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	−0.120%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.895	−0.136%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.893	−0.151%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.900	−0.097%	$337K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.888	−0.189%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	−0.097%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	−0.204%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	−0.167%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.917	+0.035%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.899	−0.103%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.925	+0.100%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.897	−0.120%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.158%	$631K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.889	−0.184%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.903	−0.075%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0122%	1h	12.906	−0.048%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.894	−0.143%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0348%	1h	12.910	−0.019%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERPshort	+0.0389%	1h	12.906	−0.051%	$4K	—	20x
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.896	−0.125%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.907	−0.043%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0661%	1h	12.892	−0.156%	$341K	$30K	10x	as long as short