Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Nado against Paradex+0.107%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Nado

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 airdropParadex: Active · Nado: 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: Nado is 0.107% dearer against Paradex than usual: you sell high and buy low, +$11 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	Paradex LINK-USD-PERP	13.172	0.0100	pay 0.0100% / 8h	1h 07m	$32K	$3K	20x
Short	Nado LINK-PERP	13.186	0.0100	get 0.0012% / 1h	7m 18s	$403K	$314K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → 0.000%: $10.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$0.33
Costs to cover: 0.110%
Break-even: 473.4 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 10 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 10 min ago	1.14 bp	6.9 bp −$7	22.6 bp −$226	doesn't fit	doesn't fit

Paradex: 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 −0.0090% / S +0.0167%	1h	13.189	+0.125%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.192	+0.148%	$503K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.193	+0.159%	$723K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.190	+0.133%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.864%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.190	+0.135%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.184	+0.088%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0049%	1h	13.176	+0.027%	$349K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.196	+0.179%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.172	long leg	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERPshort	+0.0100%	1h	13.186	+0.107%	$403K	$314K	10x
Hyperliquid LINK	+0.0100%	1h	13.204	+0.239%	$78.0M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.192	+0.145%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	+0.026%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.196	+0.179%	$122.6M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.195	+0.171%	$85.2M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.198	+0.194%	$27.8M	$86.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.193	+0.156%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.186	+0.103%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.195	+0.171%	$36.6M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.201	+0.217%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.189	+0.126%	$54.9M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.186	+0.103%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.165	−0.059%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.168	−0.032%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.189	+0.122%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.110%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.190	+0.133%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.184	+0.086%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.203	+0.231%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.190	+0.133%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.163	−0.069%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.184	+0.086%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.189	+0.128%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.184	+0.088%	$992K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0214%	1h	13.188	+0.118%	$365K	$377K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	+0.133%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.185	+0.098%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.205	+0.247%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.201	+0.219%	$7.0M	$8.1M	50x	as long as short