Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Nado+0.110%7-day average +0.073% · 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−$42as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.346%−$35 · spread now +0.110%, 7d avg +0.073%

Together, before fees−0.346%+ Points / potential airdropNado: Active · farm board−$35 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: Arcus is 0.037% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.162	0.0100	pay 0.0012% / 1h	19m 27s	$402K	$314K	10x
Short	Arcus LINK-USD	13.177	0.0100	get 0.0013% / 1h	19m 27s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.073%: $3.74
Slippage, 4 orders: −$33.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$41.64
Costs to cover: 0.454%
Break-even: 4277808150746235.5 days

Slippage from Nado: live order book, 63 min ago; Arcus: live order book, 64 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 Nado live order book, 63 min ago	1.14 bp	8.1 bp −$8	18.8 bp −$188	doesn't fit	doesn't fit
Sell Arcus live order book, 64 min ago	11.01 bp	13.4 bp −$13	23.1 bp −$231	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	13.169	+0.053%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.165	+0.022%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.180	+0.135%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.167	+0.033%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.169	+0.053%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.793%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.193	+0.232%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.163	+0.004%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	−0.004%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.157	−0.044%	$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-PERPlong	+0.0100%	1h	13.162	long leg	$402K	$314K	10x
Hyperliquid LINK	+0.0100%	1h	13.182	+0.148%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.168	+0.038%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.162	−0.007%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.167	+0.034%	$122.2M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.166	+0.027%	$84.9M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.165	+0.019%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.177	+0.110%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.167	+0.034%	$130.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.167	+0.034%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.163	+0.004%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.162	−0.004%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.168	+0.042%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.187	+0.185%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.189	+0.204%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.193	+0.229%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.196	+0.255%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.170	+0.057%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	−0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.173	+0.081%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.158	−0.034%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	+0.043%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.156	−0.050%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.165	+0.023%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.174	+0.087%	$991K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.169	+0.049%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.193	+0.232%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.166	+0.030%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.180	+0.133%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.165	+0.022%	$7.0M	$8.1M	50x	as long as short