LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Nado+0.104%7-day average +0.041% · 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−$32as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.104%, 7d avg +0.041%

Together, before fees−0.087%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.063% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.949	0.0100	pay 0.0012% / 1h	4m 49s	$355K	$340K	10x
Short	Coinbase International LINK-PERP-INTX	12.963	0.0120	get 0.0015% / 1h	4m 49s	$933K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.104%Rate

Funding earned: $4.2
Price spread: +0.104% → +0.041%: $6.28
Slippage, 4 orders: −$20.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.4
Costs to cover: 0.379%
Break-even: 52.7 days

Slippage from Nado: live order book, 38 min ago; Coinbase International: live order book, 4 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, 38 min ago	1.16 bp	8.3 bp −$8	18.2 bp −$182	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	1.93 bp	10.7 bp −$11	13.9 bp −$139	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 −0.0087% / S +0.0165%	1h	12.945	−0.035%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0037%	8h	12.940	−0.073%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.956	+0.051%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.945	−0.032%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.243%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.173%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.942	−0.057%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.948	−0.014%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.949	long leg	$355K	$340K	10x
Aster LINKUSDT	+0.0100%	8h	12.948	−0.014%	$1.3M	$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	12.950	+0.001%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.942	−0.058%	$119.6M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.936	−0.104%	$83.6M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.940	−0.073%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.104%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.944	−0.042%	$134.9M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.943	−0.050%	$34.4M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.945	−0.035%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.938	−0.089%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.939	−0.081%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.037%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.024%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.952	+0.021%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.097%	$133K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.947	−0.019%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.966	+0.130%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.955	+0.045%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.940	−0.073%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.943	−0.054%	$632K	$784K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0104%	1h	12.948	−0.012%	$336K	$387K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.936	−0.106%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.943	−0.050%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0120%	1h	12.963	+0.104%	$933K	$2.8M	50x
Hyperliquid LINK	+0.0146%	1h	12.951	+0.012%	$81.0M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0152%	1h	12.948	−0.012%	$810K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.944	−0.039%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	−0.050%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.940	−0.070%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0547%	1h	12.957	+0.056%	$345K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0549%	8h	12.959	+0.073%	$20.0M	$11.3M	50x	as long as short