Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against Binance−0.016%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.958	0.0100	pay 0.0100% / 8h	1h 08m	$119.6M	$299.7M	75x
Short	BingX LINK-USDC	12.956	0.0100	get 0.0100% / 8h	1h 08m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: −$14.36
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.97
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; BingX: live order book, 14 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 Binance live order book, 5 min ago	0.39 bp	6.2 bp −$6	12.1 bp −$121	32.6 bp −$3,261	107.3 bp −$53.7K
Sell BingX live order book, 14 min ago	0.77 bp	12.3 bp −$12	21.9 bp −$219	79.3 bp −$7,933	400.0 bp −$200.0K

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 −0.0087% / S +0.0165%	1h	12.959	+0.010%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0033%	8h	12.950	−0.062%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.965	+0.053%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.958	−0.004%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.307%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.957	−0.007%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.958	−0.001%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.953	−0.036%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.950	−0.062%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.960	+0.017%	$1.3M	$2.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.955	−0.028%	$276K	$184K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.958	long leg	$119.6M	$299.7M	75x
Bybit LINKUSDT	+0.0100%	8h	12.952	−0.047%	$83.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.956	−0.016%	$27.1M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+0.030%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.961	+0.023%	$134.2M	$17.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.959	+0.007%	$34.5M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.961	+0.023%	$23.0M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.953	−0.039%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	12.956	−0.016%	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	12.945	−0.100%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	−0.045%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.951	−0.052%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.956	−0.016%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.958	−0.001%	$81K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.107%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.958	−0.001%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.902	−0.430%	$630K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.951	−0.056%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.961	+0.022%	$544K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0111%	1h	12.964	+0.046%	$337K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.960	+0.015%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0175%	1h	12.967	+0.069%	$81.1M	$27.9M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.960	+0.018%	$6.7M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.962	+0.030%	$5.2M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0244%	1h	12.966	+0.059%	$811K	$266K	50x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.951	−0.055%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0549%	8h	12.968	+0.077%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0572%	1h	12.953	−0.039%	$345K	$45K	10x	as long as short