LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%

Price spread now: Nado against Injective+6.250%49s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 6.250% dearer against Injective than usual: you sell high and buy low: +$625 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	20m 00s	$4K	$48K	12x
Short	Nado LINK-PERP	13.175	0.0100	get 0.0012% / 1h	20m 00s	$403K	$314K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now +6.250%Rate

Funding earned: $14
Price spread: +6.250% → 0.000%: $625
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $631.98
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Nado: live order book, 63 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 63 min ago	1.14 bp	7.9 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit

Injective: 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]	L −0.0090% / S +0.0167%	1h	13.168	+6.196%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.173	+6.235%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.180	+6.293%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.160	+6.127%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.168	+6.198%	$134K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0037%	1h	13.193	+6.395%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.154	+6.081%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.167	+6.182%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.173	+6.231%	$32K	$3K	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	13.175	+6.250%	$403K	$314K	10x
Hyperliquid LINK	+0.0100%	1h	13.175	+6.247%	$77.7M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.170	+6.206%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.175	+6.249%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.162	+6.145%	$122.2M	$303.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.164	+6.161%	$84.9M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.167	+6.185%	$27.7M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.191	+6.379%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.163	+6.153%	$130.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	+6.129%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.165	+6.169%	$22.5M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.159	+6.121%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.164	+6.161%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.187	+6.346%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.123	+5.832%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.134	+5.922%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	+5.911%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.172	+6.226%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.153	+6.074%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.191	+6.375%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.158	+6.113%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	+6.195%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.155	+6.088%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.159	+6.117%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.174	+6.242%	$991K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.169	+6.202%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.193	+6.395%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.167	+6.189%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.180	+6.290%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.165	+6.173%	$7.0M	$8.1M	50x	as long as short