Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Polymarket Perps−0.073%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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 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: Nado is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 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	Polymarket Perps LINK-USD	13.016	0.0100	pay 0.0013% / 1h	47m 54s	$81K	$70K	10x
Short	Nado LINK-PERP	13.007	0.0100	get 0.0012% / 1h	47m 54s	$392K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → 0.000%: −$7.3
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$22.3
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Nado: live order book, 20 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Nado live order book, 20 min ago	1.14 bp	7.1 bp −$7	16.5 bp −$165	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	13.003	−0.102%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.008	−0.059%	$463K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.003	−0.102%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0029%	1h	13.025	+0.069%	$345K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.733%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	+0.048%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.006	−0.077%	$122K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.031	+0.115%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.011	−0.038%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.060	+0.339%	$31K	$2K	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-PERPshort	+0.0100%	1h	13.007	−0.073%	$392K	$310K	10x
Aster LINKUSDT	+0.0100%	8h	13.017	+0.009%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.024	+0.062%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.014	−0.018%	$120.3M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.014	−0.015%	$83.9M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.015	−0.008%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	+0.115%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.014	−0.015%	$128.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	−0.046%	$35.1M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.014	−0.015%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.014	−0.015%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.015	−0.008%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.021	+0.038%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.188%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.275%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.984	−0.249%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.238%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.016	long leg	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	13.009	−0.053%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	+0.096%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.011	−0.038%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.000	−0.121%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.007	−0.068%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.011	−0.042%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.015	−0.004%	$773K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.092%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.000	−0.126%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0474%	1h	13.031	+0.115%	$80.1M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.016	+0.002%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0578%	8h	13.030	+0.108%	$20.1M	$11.5M	50x	as long as short