Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Nado+0.145%7-day average −0.001% · 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−$13as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.145%, 7d avg −0.001%

Together, before fees−0.300%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$30 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: edgeX is 0.146% dearer against Nado than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.966	0.0100	pay 0.0012% / 1h	55m 28s	$348K	$279K	10x
Short	edgeX LINKUSDC	12.985	0.0100	get 0.0050% / 4h	1h 55m	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → −0.001%: $14.58
Slippage, 4 orders: −$12.05
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.47
Costs to cover: 0.280%
Break-even: 1383734538337023.0 days

Slippage from Nado: live order book, 55 min ago; edgeX: live order book, 55 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, 55 min ago	1.55 bp	7.0 bp −$7	16.7 bp −$167	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	2.33 bp	6.9 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0193%	8h	12.959	−0.054%	$85K	$876K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.972	+0.045%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	+0.173%	$489K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.986	+0.158%	$115K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	12.980	+0.110%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.365%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0087%	8h	12.965	−0.011%	$608K	$677K	75x	as long as short
Variational Omni LINK	+0.0094%	8h	12.971	+0.040%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.969	+0.020%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.966	+0.003%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPlong	+0.0100%	1h	12.966	long leg	$348K	$279K	10x
Hyperliquid LINK	+0.0100%	1h	12.981	+0.116%	$81.7M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.975	+0.067%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.971	+0.035%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.968	+0.012%	$120.3M	$268.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.965	−0.008%	$83.8M	$66.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.968	+0.015%	$27.4M	$73.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	+0.162%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.966	0.000%	$134.0M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	+0.008%	$35.6M	$54.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.972	+0.046%	$22.9M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.015%	$54.3M	$26.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.968	+0.015%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.978	+0.093%	$335K	$352K	15x	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.985	+0.145%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	+0.143%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.998	+0.247%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.973	+0.054%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.999	+0.256%	$34K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.971	+0.039%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.963	−0.021%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.972	+0.042%	$544K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.974	+0.061%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.262%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	+0.162%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0267%	1h	12.978	+0.095%	$889K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0407%	1h	12.963	−0.020%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0434%	8h	12.987	+0.162%	$20.1M	$10.2M	50x	as long as short
dYdX LINK-USD	+0.0527%	1h	12.971	+0.038%	$349K	$46K	10x	as long as short