LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%

Price spread now: Nado against Kraken Futures−0.093%7-day average −0.037% · 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−$40as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Kraken Futures Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.093%, 7d avg −0.037%

Together, before fees+0.001%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.904	0.0193	pay 0.0024% / 1h	54m 11s	$6.6M	$8.3M	50x
Short	Nado LINK-PERP	12.891	0.0100	get 0.0012% / 1h	54m 11s	$347K	$337K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kraken Futures. 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 Kraken FuturesbpFee NadobpOrdersPrice spread, now −0.093%Rate

Funding earned: −$19.53
Price spread: −0.093% → −0.037%: −$5.65
Slippage, 4 orders: −$17.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$59.36
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Nado: live order book, 54 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 Kraken Futures live order book, 5 min ago	3.09 bp	10.4 bp −$10	14.6 bp −$146	35.6 bp −$3,565	doesn't fit
Sell Nado live order book, 54 min ago	1.16 bp	6.5 bp −$6	15.6 bp −$156	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 −0.0089% / S +0.0166%	1h	12.894	−0.076%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.900	−0.024%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.897	−0.051%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0014%	8h	12.891	−0.097%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.902%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.916	+0.100%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.899	−0.036%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.886	−0.138%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	12.891	−0.093%	$347K	$337K	10x
Aster LINKUSDT	+0.0100%	8h	12.900	−0.027%	$1.2M	$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	12.890	−0.103%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.897	−0.048%	$118.9M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.892	−0.089%	$83.1M	$73.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.895	−0.066%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.906	+0.019%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.891	−0.097%	$124.0M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.898	−0.043%	$33.3M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.901	−0.020%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.894	−0.074%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.895	−0.066%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.901	−0.018%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.938	+0.271%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.911	+0.056%	$586K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.924	+0.159%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.892	−0.089%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.897	−0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.908	+0.037%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.898	−0.043%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.887	−0.130%	$632K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.893	−0.080%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.901	−0.020%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.896	−0.058%	$932K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0142%	1h	12.904	+0.004%	$336K	$389K	15x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0193%	1h	12.904	long leg	$6.6M	$8.3M	50x
BloFin LINK-USDT	+0.0220%	8h	12.905	+0.011%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0262%	1h	12.906	+0.018%	$804K	$257K	50x	as long as short
Hyperliquid LINK	+0.0287%	1h	12.910	+0.050%	$80.5M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.885	−0.147%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0578%	8h	12.915	+0.089%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1240%	1h	12.889	−0.113%	$343K	$33K	10x	as long as short