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= −0.1% APRpaid last 24h −0.007%

Price spread now: Paradex against Arcus+0.155%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Paradex

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.155% dearer against Arcus than usual: you sell high and buy low, +$15 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	Arcus LINK-USD	13.000	0.0100	pay 0.0013% / 1h	28m 51s	$182K	$168K	10x
Short	Paradex LINK-USD-PERP	13.020	0.0100	get 0.0100% / 8h	6h 28m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$0.1
Price spread: +0.155% → 0.000%: $15.46
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.86
Costs to cover: 0.085%
Break-even: from the start

Slippage unknown: Arcus: live order book, 39 min ago; Paradex: no order-book sample. 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 Arcus live order book, 39 min ago	8.71 bp	19.8 bp −$20	36.5 bp −$365	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 39 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	12.970	−0.230%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.974	−0.198%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.970	−0.229%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.615%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.214%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.967	−0.254%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.990	−0.077%	$955K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.974	−0.197%	$770K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.967	−0.254%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.020	+0.155%	$31K	$2K	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.978	−0.165%	$395K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.982	−0.140%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.991	−0.069%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.985	−0.119%	$119.3M	$304.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.980	−0.154%	$83.7M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.983	−0.131%	$27.3M	$84.2M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.000	long leg	$182K	$168K	10x
Gate LINK_USDT	+0.0100%	8h	12.980	−0.154%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.983	−0.131%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.980	−0.154%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.983	−0.131%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.981	−0.146%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.981	−0.146%	$337K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.365%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	−0.288%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.437%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	−0.300%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.989	−0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.968	−0.250%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.980	−0.152%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.964	−0.277%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.212%	$640K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.977	−0.180%	$661K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.967	−0.250%	$544K	$2K	3x	as long as short
dYdX LINK-USD	+0.0305%	1h	12.992	−0.062%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.973	−0.211%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0400%	1h	12.990	−0.077%	$79.7M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	−0.262%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.982	−0.138%	$20.0M	$11.5M	50x	as long as short