LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Nado against Extended+0.128%7-day average +0.042% · 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−$16as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.128%, 7d avg +0.042%

Together, before fees+0.121%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.086% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.947	0.0104	pay 0.0013% / 1h	6m 02s	$634K	$2.0M	25x
Short	Nado LINK-PERP	12.964	0.0100	get 0.0012% / 1h	6m 02s	$355K	$340K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now +0.128%Rate

Funding earned: −$0.84
Price spread: +0.128% → +0.042%: $8.59
Slippage, 4 orders: −$12.22
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.47
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago	0.39 bp	2.9 bp −$3	8.5 bp −$85	doesn't fit	doesn't fit
Sell Nado live order book, 37 min ago	1.16 bp	7.9 bp −$8	20.3 bp −$203	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 −0.0087% / S +0.0165%	1h	12.969	+0.170%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0035%	8h	12.956	+0.067%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.974	+0.206%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.965	+0.138%	$156K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.228%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.963	+0.118%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.956	+0.065%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.968	+0.163%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.964	+0.128%	$355K	$340K	10x
Aster LINKUSDT	+0.0100%	8h	12.959	+0.091%	$1.3M	$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	12.969	+0.166%	$276K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.956	+0.067%	$119.6M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.950	+0.020%	$83.7M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.955	+0.059%	$27.1M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.982	+0.267%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.958	+0.082%	$135.0M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.958	+0.082%	$34.6M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.958	+0.082%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.953	+0.043%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.958	+0.082%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	−0.018%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.040%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.952	+0.038%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.113%	$133K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.971	+0.182%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.966	+0.147%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.985	+0.288%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.956	+0.067%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.944	−0.023%	$632K	$784K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.947	long leg	$634K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.955	+0.057%	$543K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0108%	1h	12.965	+0.136%	$337K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.963	+0.121%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0158%	1h	12.965	+0.136%	$81.1M	$28.0M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.956	+0.065%	$6.6M	$8.4M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.964	+0.128%	$5.2M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0229%	1h	12.961	+0.105%	$810K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.961	+0.109%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0549%	8h	12.972	+0.190%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0553%	1h	12.970	+0.176%	$346K	$45K	10x	as long as short