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 −0.007%

Price spread now: Bybit against Binance−0.015%7-day average −0.021% · 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−$27as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.015%, 7d avg −0.021%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.051	0.0100	pay 0.0100% / 8h	5h 20m	$120.6M	$296.3M	75x
Short	Bybit LINKUSDT	13.049	0.0100	get 0.0100% / 8h	5h 20m	$84.3M	$71.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.021%: $0.53
Slippage, 4 orders: −$6.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.79
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bybit: 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 Binance live order book, 8 min ago	0.38 bp	5.7 bp −$6	9.0 bp −$90	30.5 bp −$3,054	115.5 bp −$57.7K
Sell Bybit live order book, 3 min ago	0.38 bp	8.1 bp −$8	13.1 bp −$131	35.7 bp −$3,566	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 −0.0090% / S +0.0167%	1h	13.045	−0.043%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.073	+0.169%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.046	−0.039%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.988%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.077	+0.199%	$968K	$2.8M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.066	+0.115%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.062	+0.084%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	+0.078%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.056	+0.038%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.057	+0.046%	$395K	$314K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.074	+0.173%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.061	+0.074%	$275K	$171K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.051	long leg	$120.6M	$296.3M	75x
Bybit LINKUSDTshort	+0.0100%	8h	13.049	−0.015%	$84.3M	$71.5M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.048	−0.023%	$27.5M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.070	+0.146%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.060	+0.069%	$128.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.049	−0.015%	$32.1M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.055	+0.031%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.046	−0.038%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.054	+0.023%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.074	+0.176%	$346K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.062	+0.085%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.182%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	−0.003%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.050	−0.008%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.056	+0.038%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.063	+0.091%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.083	+0.247%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.066	+0.115%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.055	+0.031%	$644K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.045	−0.045%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.069	+0.140%	$548K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.067	+0.123%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0332%	1h	13.072	+0.160%	$776K	$174K	50x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.044	−0.057%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0412%	1h	13.058	+0.051%	$346K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0551%	1h	13.068	+0.131%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0583%	8h	13.084	+0.253%	$20.2M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0663%	1h	13.064	+0.100%	$82.2M	$27.3M	10x	as long as short