Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.030%

Price spread now: BloFin against Arcus−0.108%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.134%+$13 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.108%, 7d avg −0.071%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.036% cheaper against Arcus than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.071%). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.000	0.0100	pay 0.0013% / 1h	32m 21s	$182K	$167K	10x
Short	BloFin LINK-USDT	12.986	0.0220	get 0.0220% / 8h	3h 32m	$5.3M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now −0.108%Rate

Funding earned: $25.2
Price spread: −0.108% → −0.071%: −$3.65
Slippage, 4 orders: −$30.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.35
Costs to cover: 0.469%
Break-even: 14.0 days

Slippage from Arcus: live order book, 21 min ago; BloFin: live order book, 7 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 Arcus live order book, 21 min ago	6.13 bp	20.6 bp −$21	35.7 bp −$357	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.31 bp	8.8 bp −$9	13.1 bp −$131	29.3 bp −$2,928	65.8 bp −$32.9K

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	12.984	−0.120%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.987	−0.098%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.984	−0.122%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.615%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.983	−0.131%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.059%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.987	−0.100%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.988	−0.090%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.982	−0.135%	$392K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.987	−0.100%	$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 LINK	+0.0100%	1h	12.991	−0.073%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.985	−0.113%	$120.6M	$300.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.982	−0.138%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.986	−0.108%	$27.5M	$81.5M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.000	long leg	$182K	$167K	10x
Gate LINK_USDT	+0.0100%	8h	12.983	−0.131%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.987	−0.100%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.988	−0.092%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.987	−0.100%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.984	−0.123%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.992	−0.062%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.183%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.984	−0.122%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	−0.114%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.013	+0.100%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.990	−0.077%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.985	−0.116%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	−0.052%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.985	−0.115%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.967	−0.255%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.980	−0.155%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.985	−0.115%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	−0.100%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	12.992	−0.063%	$789K	$210K	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	12.986	−0.108%	$5.3M	$15.8M	75x
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	−0.079%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0355%	1h	12.998	−0.014%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.981	−0.148%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0538%	8h	13.002	+0.015%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0621%	1h	12.984	−0.121%	$344K	$30K	10x	as long as short