LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.008%

Price spread now: Nado against Coinbase International−0.236%45s7-day average −0.042% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.382% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.236%, 7d avg −0.042%

Together, before fees+0.225%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.194% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.042%). Swap the legs. The two prices were read 45 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	Coinbase International LINK-PERP-INTX	12.945	0.0120	pay 0.0015% / 1h	57m 38s	$934K	$2.8M	50x
Short	Nado LINK-PERP	12.915	0.0100	get 0.0012% / 1h	57m 38s	$349K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.236%Rate

Funding earned: −$4.2
Price spread: −0.236% → −0.042%: −$19.41
Slippage, 4 orders: −$21.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.78
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Nado: live order book, 50 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 Coinbase International live order book, 1 min ago	3.86 bp	11.6 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit
Sell Nado live order book, 50 min ago	1.16 bp	6.5 bp −$6	15.6 bp −$156	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	12.939	−0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.947	+0.018%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.938	−0.055%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0018%	8h	12.926	−0.147%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.210%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0052%	1h	12.939	−0.045%	$806K	$254K	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.958	+0.102%	$3K	$81K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.925	−0.158%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.922	−0.176%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.915	−0.236%	$349K	$344K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.915	−0.229%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.927	−0.137%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.915	−0.232%	$119.1M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.913	−0.247%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.916	−0.224%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.931	−0.108%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.920	−0.193%	$124.3M	$15.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.924	−0.162%	$33.1M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.930	−0.116%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.913	−0.247%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.913	−0.247%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	+0.001%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.938	−0.050%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.951	+0.043%	$579K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.954	+0.070%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.956	+0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.932	−0.101%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.956	+0.087%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.933	−0.093%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.899	−0.355%	$632K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.908	−0.288%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.934	−0.081%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0120%	1h	12.945	long leg	$934K	$2.8M	50x
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.934	−0.086%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.944	−0.008%	$5.2M	$15.9M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	12.938	−0.054%	$337K	$389K	15x	as long as short
Hyperliquid LINK	+0.0291%	1h	12.943	−0.018%	$80.7M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.944	−0.005%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.951	+0.046%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1035%	1h	12.927	−0.139%	$344K	$33K	10x	as long as short