Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Arcus−0.042%7-day average +0.029% · 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−$73as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.042%, 7d avg +0.029%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.070% cheaper against Arcus than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.953	0.0100	pay 0.0013% / 1h	12m 58s	$181K	$167K	10x
Short	SunX LINK-USDT	12.948	0.0100	get 0.0100% / 8h	3h 12m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.029%: −$7.04
Slippage, 4 orders: −$53.88
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.41
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Arcus: live order book, 40 min ago; SunX: live order book, 12 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, 40 min ago	6.13 bp	20.6 bp −$21	35.7 bp −$357	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	13.68 bp	19.2 bp −$19	doesn't fit	doesn't fit	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	12.936	−0.131%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.940	−0.097%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.935	−0.135%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.269%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.931	−0.170%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.950	−0.021%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.932	−0.162%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.935	−0.139%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.935	−0.139%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.937	−0.125%	$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	12.937	−0.122%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.927	−0.201%	$120.0M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	−0.185%	$83.5M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.930	−0.178%	$27.3M	$80.9M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.953	long leg	$181K	$167K	10x
Gate LINK_USDT	+0.0100%	8h	12.932	−0.162%	$128.1M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.929	−0.185%	$33.3M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.938	−0.116%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.929	−0.185%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.929	−0.185%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.938	−0.116%	$339K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.933	−0.153%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.942	−0.081%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	−0.108%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.069%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.940	−0.100%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.929	−0.183%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.948	−0.042%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.934	−0.147%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.910	−0.334%	$633K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.924	−0.222%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.935	−0.142%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.953	0.000%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0106%	1h	12.939	−0.108%	$785K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	−0.124%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.937	−0.123%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0307%	1h	12.945	−0.062%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.933	−0.155%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.950	−0.023%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0836%	1h	12.933	−0.154%	$344K	$32K	10x	as long as short