Funding you earn now, next payment 10:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.026%
Price spread now: Orderly against Nado−0.035%7-day average +0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.035%, 7d avg +0.039%
=Together, before fees+0.209%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.074% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.003% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado LINK-PERP | 12.930 | 0.0100 | pay 0.0012% / 1h | 54m 34s | $348K | $311K | 10x |
| Short | Orderly PERP_LINK_USDC | 12.926 | −0.0137 | pay 0.0137% / 8h | 6h 54m | $86K | $929K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.87
- Price spread: −0.035% → +0.039%
- −$7.36
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$70.22
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 38 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 1.17 bp | 4.7 bp −$5 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LINK_USDCshort | −0.0137% | 8h | 12.926 | −0.035% | $86K | $929K | 20x | |
| GMX LINK/USD [LINK-USDC] | L −0.0087% / S +0.0165% | 1h | 12.924 | −0.047% | $1.7M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.934 | +0.028% | $489K | $2.2M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0001% | 1h | 13.046 | +0.896% | $107K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −4.103% | $4K | $48K | 12x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0044% | 1h | 12.929 | −0.012% | $6.4M | $8.2M | 50x | as long as short |
| SoDEX LINK-USD | +0.0084% | 1h | 12.923 | −0.058% | $11K | $61K | 10x | as long as short |
| Phoenix LINK | +0.0087% | 1h | 13.016 | +0.660% | $3K | $84K | 10x | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.905 | −0.198% | $1.9M | $2.3M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 12.900 | −0.238% | $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 | 12.930 | long leg | $348K | $311K | 10x | |
| Hyperliquid LINK | +0.0100% | 1h | 12.919 | −0.089% | $80.6M | $27.4M | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 12.908 | −0.170% | $1.3M | $2.6M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 12.901 | −0.228% | $274K | $167K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.910 | −0.159% | $119.6M | $287.5M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.902 | −0.220% | $83.6M | $70.6M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.903 | −0.213% | $27.0M | $77.0M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 12.921 | −0.073% | $180K | $86K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 12.900 | −0.236% | $133.3M | $17.1M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.892 | −0.298% | $35.1M | $56.7M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.909 | −0.166% | $22.8M | $12.2M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 12.900 | −0.236% | $54.0M | $28.5M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 12.905 | −0.197% | — | $6.5M | — | as long as short |
| Backpack LINK_USDC_PERP | +0.0100% | 1h | 12.921 | −0.073% | $335K | $370K | 15x | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 12.976 | +0.352% | $3.4M | $1.8M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.995 | +0.496% | $43K | $306K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.011 | +0.623% | $584K | $3.0M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.000 | +0.537% | $133K | $668K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.928 | −0.019% | $82K | $70K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.934 | +0.029% | $33K | $1.3M | 30x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 12.893 | −0.293% | $621K | $689K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 12.900 | −0.239% | $618K | $2.0M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.946 | +0.123% | $543K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0208% | 1h | 12.931 | +0.004% | $935K | $3.3M | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 12.926 | −0.035% | $5.3M | $15.7M | 75x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0261% | 1h | 12.932 | +0.015% | $880K | $342K | 50x | as long as short |
| Reya LINKRUSDPERP | +0.0405% | 1h | 12.927 | −0.028% | $4K | — | 20x | as long as short |
| Phemex LINKUSDT | +0.0528% | 8h | 12.946 | +0.120% | $20.0M | $11.0M | 50x | as long as short |
| dYdX LINK-USD | +0.1478% | 1h | 12.911 | −0.153% | $347K | $48K | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Kraken Futures PF_LINKUSD
SoDEX LINK-USD
Phoenix LINK
Lighter LINK
Paradex LINK-USD-PERP
Hyperliquid LINK
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Backpack LINK_USDC_PERP
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
SunX LINK-USDT
HTX LINK-USDT
Extended LINK-USD
Coinbase International LINK-PERP-INTX
BloFin LINK-USDT
Deribit LINK_USDC-PERPETUAL
Phemex LINKUSDT