Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Nado+0.054%7-day average +0.019% · 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−$34as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Nado Short on Pacifica

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 4 days (all we have)−0.327%−$33 · spread now +0.054%, 7d avg +0.019%

Together, before fees−0.327%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$33 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: Pacifica is 0.034% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	12.883	0.0100	pay 0.0012% / 1h	1m 29s	$389K	$309K	10x
Short	Pacifica LINK	12.890	0.0100	get 0.0013% / 1h	1m 29s	$276K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.019%: $3.42
Slippage, 4 orders: −$22.72
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.29
Costs to cover: 0.377%
Break-even: 3523113017084234.0 days

Slippage from Nado: live order book, 51 min ago; Pacifica: live order book, 52 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, 51 min ago	1.15 bp	7.4 bp −$7	20.2 bp −$202	doesn't fit	doesn't fit
Sell Pacifica live order book, 52 min ago	4.60 bp	10.7 bp −$11	doesn't fit	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 −0.0089% / S +0.0166%	1h	12.884	+0.002%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.095%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.884	+0.005%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.753%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.881	−0.019%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.298%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.888	+0.035%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	+0.034%	$31K	$2K	20x	as long as short
Nado LINK-PERPlong	+0.0100%	1h	12.883	long leg	$389K	$309K	10x
Aster LINKUSDT	+0.0100%	8h	12.893	+0.075%	$1.2M	$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 LINKshort	+0.0100%	1h	12.890	+0.054%	$276K	$183K	10x
Binance LINKUSDT	+0.0100%	8h	12.895	+0.089%	$119.5M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.893	+0.074%	$83.3M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.892	+0.066%	$27.3M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.198%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.885	+0.012%	$124.3M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	+0.043%	$33.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.893	+0.074%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.893	+0.074%	$54.0M	$29.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.892	+0.066%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.889	+0.043%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.254%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.125%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.238%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.896	+0.097%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+0.050%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.016%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.099%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.886	+0.019%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.876	−0.058%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.889	+0.039%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.886	+0.023%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.893	+0.074%	$918K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0161%	1h	12.890	+0.048%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.089%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0246%	1h	12.888	+0.036%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0297%	1h	12.898	+0.113%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.883	−0.004%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0569%	8h	12.904	+0.159%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0785%	1h	12.884	+0.004%	$342K	$32K	10x	as long as short