Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Arcus−0.070%7-day average −0.069% · 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−$57as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.070%, 7d avg −0.069%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.916	0.0100	pay 0.0013% / 1h	20m 51s	$180K	$167K	10x
Short	KuCoin LINKUSDTM	12.907	0.0100	get 0.0100% / 8h	2h 20m	$22.8M	$13.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.069%: −$0.02
Slippage, 4 orders: −$40.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.94
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Arcus: live order book, 27 min ago; KuCoin: live order book, 3 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, 27 min ago	11.98 bp	15.5 bp −$16	27.9 bp −$279	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.17 bp	10.4 bp −$10	18.0 bp −$180	55.2 bp −$5,522	doesn't fit

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	12.891	−0.195%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.908	−0.059%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	−0.190%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.995%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0040%	8h	12.882	−0.263%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.269%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.919	+0.025%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	−0.112%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	−0.163%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.920	+0.032%	$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	12.903	−0.104%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.921	+0.036%	$118.8M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.915	−0.008%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.922	+0.046%	$27.4M	$80.4M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.916	long leg	$180K	$167K	10x
Gate LINK_USDT	+0.0100%	8h	12.905	−0.085%	$124.5M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.910	−0.046%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.907	−0.070%	$22.8M	$13.1M	75x
Bitget LINKUSDT	+0.0100%	8h	12.916	0.000%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.914	−0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	−0.147%	$336K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.223%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.555%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.511%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.519%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.907	−0.070%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	−0.249%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.914	−0.015%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.888	−0.217%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.379%	$632K	$675K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.907	−0.067%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.888	−0.220%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	−0.457%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0208%	1h	12.893	−0.181%	$796K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.163%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0234%	1h	12.933	+0.132%	$80.5M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.888	−0.214%	$6.6M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.897	−0.143%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.903	−0.101%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0732%	1h	12.918	+0.014%	$344K	$33K	10x	as long as short