Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Nado−0.046%7-day average −0.056% · 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−$69as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Nado Short on HTX

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)+0.011%+$1 · spread now −0.046%, 7d avg −0.056%

Together, before fees+0.010%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.992	0.0100	pay 0.0012% / 1h	19m 08s	$395K	$322K	10x
Short	HTX LINK-USDT	12.986	0.0100	get 0.0100% / 8h	6h 19m	$641K	$858K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.056%: $1.02
Slippage, 4 orders: −$50.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$68.91
Costs to cover: 0.699%
Break-even: 7080180344511495.0 days

Slippage from Nado: live order book, 49 min ago; HTX: live order book, 50 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, 49 min ago	1.14 bp	7.7 bp −$8	19.8 bp −$198	doesn't fit	doesn't fit
Sell HTX live order book, 50 min ago	20.97 bp	27.1 bp −$27	180.0 bp −$1,800	doesn't fit	doesn't fit

LINK on 39 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	12.996	+0.028%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.994	+0.008%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.998	+0.042%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.560%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.000	+0.059%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.000	+0.058%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.004	+0.089%	$954K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0081%	1h	13.010	+0.136%	$773K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.005	+0.095%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.995	+0.023%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPlong	+0.0100%	1h	12.992	long leg	$395K	$322K	10x
Aster LINKUSDT	+0.0100%	8h	13.005	+0.099%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.995	+0.021%	$275K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.016	+0.180%	$119.5M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.011	+0.142%	$84.0M	$72.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.018	+0.196%	$27.4M	$84.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.012	+0.150%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.999	+0.050%	$128.2M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.008	+0.119%	$33.1M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.004	+0.089%	$22.5M	$14.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.012	+0.150%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.012	+0.150%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	+0.097%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.014	+0.169%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.032	+0.304%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.012	+0.150%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.008	+0.119%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.001	+0.062%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.152%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	+0.096%	$14K	$41K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.986	−0.046%	$641K	$858K	75x
Extended LINK-USD	+0.0104%	1h	13.002	+0.070%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.006	+0.107%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0110%	1h	13.021	+0.219%	$338K	$386K	15x	as long as short
dYdX LINK-USD	+0.0335%	1h	12.995	+0.016%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.002	+0.072%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0457%	1h	13.030	+0.289%	$80.6M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.012	+0.148%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0610%	8h	13.017	+0.189%	$20.1M	$11.5M	50x	as long as short