Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Polymarket Perps−0.058%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Nado

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: Nado is 0.058% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 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	Polymarket Perps LINK-USD	12.932	0.0100	pay 0.0013% / 1h	22m 57s	$81K	$70K	10x
Short	Nado LINK-PERP	12.925	0.0100	get 0.0012% / 1h	22m 57s	$390K	$306K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → 0.000%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.8
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Nado: live order book, 30 min ago. 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Nado live order book, 30 min ago	1.15 bp	7.6 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit

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	12.929	−0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.935	+0.027%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.931	−0.011%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.114%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	12.924	−0.062%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.946	+0.106%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.927	−0.040%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.927	−0.036%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.925	−0.058%	$390K	$306K	10x
Aster LINKUSDT	+0.0100%	8h	12.921	−0.089%	$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	12.933	+0.007%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.914	−0.139%	$119.8M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.910	−0.170%	$83.5M	$72.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.910	−0.170%	$27.3M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.945	+0.101%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.919	−0.101%	$128.0M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.914	−0.139%	$32.5M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.916	−0.124%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.917	−0.116%	$53.8M	$29.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.917	−0.116%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.925	−0.054%	$340K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.938	+0.047%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	+0.153%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.938	+0.050%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.955	+0.178%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	12.932	long leg	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.925	−0.055%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.940	+0.063%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.926	−0.046%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.918	−0.107%	$634K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.913	−0.143%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.927	−0.036%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.936	+0.031%	$920K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0145%	1h	12.932	+0.002%	$785K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.926	−0.046%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.930	−0.017%	$6.6M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0321%	1h	12.932	0.000%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.925	−0.052%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.940	+0.062%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0860%	1h	12.930	−0.015%	$343K	$31K	10x	as long as short