LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.24 per $10,000 · paid last 24h +0.046%

Price spread now: Nado against GMX−0.021%7-day average −0.050% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.176%+$18 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.021%, 7d avg −0.050%

Together, before fees+0.146%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.029% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINK/USD [LINK-USDC]	13.154	L −0.0091% / S +0.0167%	get 0.0011% / 1h	30m 21s	$1.8M	—	200x
Short	Nado LINK-PERP	13.151	0.0100	get 0.0012% / 1h	30m 21s	$404K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. 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 GMXbpFee NadobpOrdersPrice spread, now −0.021%Rate

Funding earned: $40.12
Price spread: −0.021% → −0.050%: $2.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.99
Costs to cover: 0.190%
Break-even: 2.8 days

Slippage unknown: GMX: no order-book sample; Nado: live order book, 42 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Nado live order book, 42 min ago	0.38 bp	7.5 bp −$8	17.3 bp −$173	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]long	L −0.0091% / S +0.0167%	1h	13.154	long leg	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.283%	$476K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	+0.035%	$781K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.154	0.000%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.734%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.413%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.153	−0.010%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.161	+0.054%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.157	+0.023%	$32K	$3K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	13.151	−0.021%	$404K	$309K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.167	+0.095%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.082%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	−0.019%	$122.2M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.151	−0.025%	$84.7M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.152	−0.017%	$27.7M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.176	+0.165%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.153	−0.010%	$130.2M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	−0.010%	$37.1M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.157	+0.021%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.152	−0.017%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.153	−0.010%	—	$21.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	+0.161%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.330%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	+0.310%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.386%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	+0.006%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+0.149%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.002%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.142	−0.092%	$646K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.150	−0.034%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	+0.021%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.264%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0193%	1h	13.178	+0.181%	$367K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	+0.135%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.163	+0.068%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.151	−0.026%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0448%	1h	13.169	+0.112%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0523%	8h	13.191	+0.279%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0583%	1h	13.172	+0.135%	$81.5M	$25.1M	10x	as long as short