Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX+0.424%7-day average +0.056% · 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−$41as in the Price arb table

costs, in and out, $10k−$780.780% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.397%−$40 · spread now +0.424%, 7d avg +0.056%

Together, before fees−0.395%+ Points / potential airdropNado: Active · farm board−$39 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 0.368% dearer against HTX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.832	0.0100	pay 0.0100% / 8h	4h 41m	$628K	$704K	75x
Short	Nado LINK-PERP	12.886	0.0100	get 0.0012% / 1h	41m 53s	$390K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.424%Rate

Funding earned: $0
Price spread: +0.424% → +0.056%: $36.77
Slippage, 4 orders: −$59.04
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.27
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from HTX: live order book, 17 min ago; Nado: live order book, 16 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 HTX live order book, 17 min ago	21.58 bp	27.7 bp −$28	71.6 bp −$716	doesn't fit	doesn't fit
Sell Nado live order book, 16 min ago	1.16 bp	7.4 bp −$7	21.3 bp −$213	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	12.882	+0.388%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	+0.304%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.884	+0.401%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.367%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0059%	8h	12.881	+0.381%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.880	+0.373%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+0.623%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	+0.508%	$3K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	12.884	+0.406%	$769K	$193K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.885	+0.416%	$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	12.886	+0.424%	$390K	$311K	10x
Aster LINKUSDT	+0.0100%	8h	12.883	+0.398%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.886	+0.424%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.884	+0.404%	$119.1M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.882	+0.389%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.885	+0.412%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.896	+0.498%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.880	+0.373%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.884	+0.404%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.888	+0.436%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.882	+0.389%	$53.6M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.882	+0.389%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.436%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	+0.359%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	+0.336%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	+0.422%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+0.459%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+0.451%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.879	+0.368%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.899	+0.520%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.878	+0.358%	$11K	$63K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.832	long leg	$628K	$704K	75x
Extended LINK-USD	+0.0104%	1h	12.878	+0.359%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.881	+0.381%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	+0.412%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0350%	1h	12.896	+0.501%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	+0.357%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.882	+0.391%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0555%	1h	12.884	+0.405%	$341K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0593%	8h	12.897	+0.506%	$19.9M	$11.4M	50x	as long as short