We give a condition for the periodic, three dimensional, incompressible
Navier-Stokes equations to be globally wellposed. This condition is not a
smallness condition on the initial data, as the data is allowed to be
arbitrarily large in the scale invariant space B−1_∞,∞,
which contains all the known spaces in which there is a global solution for
small data. The smallness condition is rather a nonlinear type condition on the
initial data; an explicit example of such initial data is constructed, which is
arbitrarily large and yet gives rise to a global, smooth solution