Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Arcus−0.096%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.420%+$42 · spread now −0.096%, 7d avg −0.077%

Together, before fees+0.420%+ Points / potential airdropNado: Active · farm board+$42 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.962	0.0100	pay 0.0013% / 1h	21m 09s	$181K	$166K	10x
Short	Nado LINK-PERP	12.949	0.0100	get 0.0012% / 1h	21m 09s	$391K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.077%: −$1.93
Slippage, 4 orders: −$36.84
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.27
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from Arcus: live order book, 37 min ago; Nado: live order book, 37 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 Arcus live order book, 37 min ago	13.93 bp	16.2 bp −$16	27.9 bp −$279	doesn't fit	doesn't fit
Sell Nado live order book, 37 min ago	1.16 bp	7.4 bp −$7	21.3 bp −$213	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 −0.0090% / S +0.0167%	1h	12.945	−0.133%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.955	−0.053%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.946	−0.127%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.336%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.944	−0.139%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.949	−0.099%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.949	−0.100%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.961	−0.009%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.949	−0.097%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.949	−0.096%	$391K	$310K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.951	−0.081%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.956	−0.048%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.948	−0.105%	$119.8M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.946	−0.123%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.946	−0.123%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.962	long leg	$181K	$166K	10x
Gate LINK_USDT	+0.0100%	8h	12.946	−0.123%	$128.0M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.108%	$32.7M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.951	−0.085%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	−0.108%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.947	−0.116%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.954	−0.062%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	−0.061%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	−0.017%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	−0.008%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	+0.100%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.953	−0.069%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	−0.142%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.029%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.950	−0.093%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.946	−0.123%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.943	−0.146%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.948	−0.106%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.951	−0.083%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.949	−0.100%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0369%	1h	12.964	+0.015%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.946	−0.125%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.952	−0.080%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0416%	1h	12.956	−0.048%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0537%	8h	12.961	−0.008%	$20.0M	$11.4M	50x	as long as short