LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h +0.030%

Price spread now: Nado against Deribit−0.069%7-day average −0.024% · 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−$36as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.069%, 7d avg −0.024%

Together, before fees+0.139%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.045% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.107%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.015	0.0157	pay 0.0020% / 1h	48m 12s	$773K	$212K	50x
Short	Nado LINK-PERP	13.007	0.0100	get 0.0012% / 1h	48m 12s	$392K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now −0.069%Rate

Funding earned: −$11.97
Price spread: −0.069% → −0.024%: −$4.5
Slippage, 4 orders: −$17.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$47.95
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Deribit: live order book, 21 min ago; Nado: live order book, 20 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 Deribit live order book, 21 min ago	3.04 bp	6.5 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell Nado live order book, 20 min ago	1.14 bp	7.1 bp −$7	16.5 bp −$165	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	13.003	−0.098%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.008	−0.055%	$463K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.003	−0.098%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0029%	1h	13.025	+0.072%	$345K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.729%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	+0.052%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.006	−0.073%	$122K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.031	+0.119%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.011	−0.035%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.060	+0.342%	$31K	$2K	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	13.007	−0.069%	$392K	$310K	10x
Aster LINKUSDT	+0.0100%	8h	13.011	−0.035%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.024	+0.066%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.017	+0.012%	$120.4M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.015	−0.004%	$83.9M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.019	+0.027%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	+0.119%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.014	−0.012%	$128.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.015	−0.004%	$35.2M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.013	−0.019%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.014	−0.012%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.017	+0.012%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.021	+0.042%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.185%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.271%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.984	−0.245%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.234%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.016	+0.004%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	−0.050%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	+0.100%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.011	−0.035%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.000	−0.118%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.008	−0.058%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.011	−0.038%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0157%	1h	13.015	long leg	$773K	$212K	50x
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.088%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.000	−0.122%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0474%	1h	13.031	+0.119%	$80.1M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.016	+0.006%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0578%	8h	13.030	+0.111%	$20.1M	$11.5M	50x	as long as short