Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: SoDEX against Nado+0.069%47s7-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 SoDEX

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: SoDEX is 0.069% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.065	0.0100	pay 0.0012% / 1h	1m 25s	$401K	$305K	10x
Short	SoDEX LINK-USD	13.074	0.0100	get 0.0013% / 1h	1m 25s	$18K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$8.11
Costs to cover: 0.150%
Break-even: 833348518082282.3 days

Slippage unknown: Nado: live order book, 6 min ago; SoDEX: 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, 6 min ago	1.14 bp	7.7 bp −$8	19.8 bp −$198	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0091% / S +0.0167%	1h	13.061	−0.029%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.090	+0.194%	$464K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.083	+0.141%	$777K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.062	−0.024%	$132K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.090%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.118	+0.406%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	13.064	−0.008%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.073	+0.062%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.130	+0.494%	$32K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	13.065	long leg	$401K	$305K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.064	−0.011%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.076	+0.087%	$274K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.062	−0.023%	$121.2M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.056	−0.069%	$84.2M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.062	−0.023%	$27.4M	$83.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.075	+0.077%	$183K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.061	−0.031%	$129.3M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.064	−0.008%	$35.1M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.067	+0.015%	$22.8M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.064	−0.008%	$54.2M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.062	−0.023%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	+0.613%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.115	+0.382%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.147	+0.625%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.117	+0.398%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.068	+0.023%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.079	+0.111%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.092	+0.205%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.074	+0.069%	$18K	$34K	10x
HTX LINK-USDT	+0.0100%	8h	13.046	−0.142%	$643K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.062	−0.024%	$663K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.082	+0.131%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.089	+0.184%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0147%	1h	13.082	+0.130%	$362K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.101	+0.276%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0367%	1h	13.084	+0.144%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.061	−0.031%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0474%	1h	13.076	+0.083%	$346K	$48K	10x	as long as short
Hyperliquid LINK	+0.0542%	1h	13.082	+0.131%	$81.2M	$25.4M	10x	as long as short
Phemex LINKUSDT	+0.0611%	8h	13.093	+0.214%	$20.2M	$11.5M	50x	as long as short