Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bitget+0.008%7-day average +0.017% · 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−$32as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Bitget Short on Nado

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 3 days (all we have)+0.282%+$28 · spread now +0.008%, 7d avg +0.017%

Together, before fees+0.285%+ Points / potential airdropNado: Active · farm board+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.116	0.0100	pay 0.0100% / 8h	1h 31m	$54.6M	$30.4M	75x
Short	Nado LINK-PERP	13.117	0.0100	get 0.0012% / 1h	31m 30s	$398K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.017%: −$0.9
Slippage, 4 orders: −$12.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$32.24
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Nado: live order book, 51 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 Bitget live order book, 2 min ago	0.38 bp	7.5 bp −$7	13.0 bp −$130	18.1 bp −$1,808	doesn't fit
Sell Nado live order book, 51 min ago	1.14 bp	7.9 bp −$8	17.5 bp −$175	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	13.113	−0.023%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.123	+0.056%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.138	+0.169%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.128	+0.088%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.114	−0.015%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.459%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.134	+0.135%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.122	+0.046%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.122	+0.047%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.119	+0.023%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPshort	+0.0100%	1h	13.117	+0.008%	$398K	$313K	10x
Hyperliquid LINK	+0.0100%	1h	13.128	+0.091%	$77.5M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.125	+0.068%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	+0.040%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.117	+0.008%	$121.7M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.117	+0.008%	$84.6M	$70.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	+0.023%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.136	+0.152%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.123	+0.053%	$130.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.113	−0.023%	$36.3M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.120	+0.030%	$22.4M	$15.6M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.116	long leg	$54.6M	$30.4M	75x
BingX LINK-USDC	+0.0100%	8h	13.115	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	+0.297%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.236%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	+0.229%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.154	+0.290%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.119	+0.023%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.121	+0.039%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.144	+0.213%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.127	+0.084%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.119	+0.021%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.112	−0.029%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	+0.081%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.129	+0.099%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0175%	1h	13.131	+0.114%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.140	+0.183%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.114	−0.012%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.143	+0.206%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.139	+0.175%	$6.9M	$8.1M	50x	as long as short