Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Nado+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.038% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LINK-PERP	13.135	0.0100	pay 0.0012% / 1h	7m 31s	$399K	$317K	10x
Short	Polymarket Perps LINK-USD	13.140	0.0100	get 0.0013% / 1h	7m 31s	$80K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.19
Costs to cover: 0.150%
Break-even: 1149989214661032.3 days

Slippage unknown: Nado: live order book, 15 min ago; Polymarket Perps: 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, 15 min ago	1.14 bp	8.1 bp −$8	18.8 bp −$188	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 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 −0.0092% / S +0.0167%	1h	13.142	+0.057%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.150	+0.114%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.146	+0.085%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.143	+0.061%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0014%	1h	13.139	+0.030%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.163	+0.215%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.596%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.140	+0.038%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.150	+0.113%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.141	+0.044%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPlong	+0.0100%	1h	13.135	long leg	$399K	$317K	10x
Hyperliquid LINK	+0.0100%	1h	13.146	+0.084%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.148	+0.101%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.145	+0.080%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.141	+0.046%	$121.7M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.136	+0.008%	$84.6M	$69.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.137	+0.015%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.159	+0.183%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.144	+0.069%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.143	+0.061%	$36.7M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.147	+0.091%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.134	−0.008%	$54.4M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.141	+0.046%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	+0.154%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.089%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	+0.076%	$596K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.099%	$153K	$666K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.140	+0.038%	$80K	$67K	10x
Derive LINK-PERP	+0.0100%	1h	13.138	+0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.157	+0.167%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.141	+0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.136	+0.008%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.139	+0.028%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.146	+0.080%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.148	+0.099%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.151	+0.122%	$365K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.142	+0.053%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.133	−0.013%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.157	+0.167%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.153	+0.136%	$6.9M	$7.9M	50x	as long as short