Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Nado+0.167%7-day average +0.120% · 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−$46as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.167%, 7d avg +0.120%

Together, before fees−0.055%+ Points / potential airdropNado: Active · farm board−$6 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: SunX is 0.047% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.881	0.0100	pay 0.0012% / 1h	45m 15s	$349K	$340K	10x
Short	SunX LINK-USDT	12.903	0.0100	get 0.0100% / 8h	1h 45m	$33K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.120%: $4.67
Slippage, 4 orders: −$36.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$46.39
Costs to cover: 0.511%
Break-even: 4766188149553594.0 days

Slippage from Nado: live order book, 63 min ago; SunX: live order book, 9 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, 63 min ago	1.16 bp	7.4 bp −$7	20.0 bp −$200	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	13.65 bp	19.2 bp −$19	doesn't fit	doesn't fit	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	12.892	+0.081%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.879	−0.018%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	+0.078%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0005%	8h	12.882	+0.004%	$94K	$1.1M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.738%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	−0.058%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.891	+0.076%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.854	−0.213%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.881	long leg	$349K	$340K	10x
Aster LINKUSDT	+0.0100%	8h	12.890	+0.066%	$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	12.859	−0.176%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.891	+0.076%	$118.9M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.887	+0.043%	$83.3M	$74.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.889	+0.058%	$26.9M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.880	−0.012%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.880	−0.012%	$123.9M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	+0.058%	$34.3M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.883	+0.012%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.889	+0.058%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.892	+0.082%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.854	−0.212%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.877	−0.034%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.870	−0.088%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.881	−0.004%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.894	+0.097%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.890	+0.063%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.903	+0.167%	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.890	+0.066%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.109%	$631K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.885	+0.024%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.894	+0.097%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0113%	1h	12.870	−0.089%	$335K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.898	+0.128%	$935K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.896	+0.112%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	+0.082%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0293%	1h	12.898	+0.130%	$806K	$261K	50x	as long as short
Hyperliquid LINK	+0.0326%	1h	12.901	+0.151%	$80.4M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.886	+0.031%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0577%	8h	12.901	+0.151%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0843%	1h	12.864	−0.137%	$343K	$33K	10x	as long as short