Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%

Price spread now: Extended against Binance−0.064%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.064%, 7d avg −0.057%

Together, before fees+0.034%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.030	0.0100	pay 0.0100% / 8h	5h 18m	$120.5M	$296.4M	75x
Short	Extended LINK-USD	13.022	0.0104	get 0.0013% / 1h	18m 11s	$651K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.84
Price spread: −0.064% → −0.057%: −$0.69
Slippage, 4 orders: −$9.52
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.37
Costs to cover: 0.245%
Break-even: 210.1 days

Slippage from Binance: live order book, 10 min ago; Extended: live order book, 5 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, 10 min ago	0.38 bp	5.7 bp −$6	9.0 bp −$90	30.5 bp −$3,054	115.5 bp −$57.7K
Sell Extended live order book, 5 min ago	1.15 bp	5.8 bp −$6	7.8 bp −$78	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 −0.0090% / S +0.0167%	1h	13.018	−0.095%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.039	+0.067%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.018	−0.089%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.835%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.026	−0.031%	$965K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.017	−0.100%	$117K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0065%	1h	13.023	−0.055%	$774K	$174K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.030	−0.004%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	+0.239%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.037	+0.056%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.036	+0.046%	$394K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.032	+0.015%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.036	+0.047%	$275K	$173K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.030	long leg	$120.5M	$296.4M	75x
Bybit LINKUSDT	+0.0100%	8h	13.026	−0.031%	$84.2M	$71.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.026	−0.031%	$27.5M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.052	+0.169%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.027	−0.023%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.028	−0.015%	$32.5M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.031	+0.008%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.026	−0.031%	$54.1M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.027	−0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.034	+0.031%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.062	+0.246%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.068	+0.293%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	+0.158%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.077	+0.361%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.035	+0.038%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	−0.113%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.051	+0.160%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.028	−0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.028	−0.012%	$643K	$688K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.022	−0.064%	$651K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	13.028	−0.015%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.041	+0.084%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.023	−0.055%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0405%	1h	13.032	+0.018%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.032	+0.013%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0589%	8h	13.035	+0.038%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0659%	1h	13.050	+0.153%	$82.1M	$27.3M	10x	as long as short