Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: GRVT against Binance+0.213%69s7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.261% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.196%−$20 · spread now +0.213%, 7d avg −0.005%

Together, before fees−0.243%+ Points / potential airdropGRVT: Active · farm board−$24 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: GRVT is 0.218% dearer against Binance than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.157	0.0100	pay 0.0100% / 8h	34m 26s	$122.4M	$304.1M	75x
Short	GRVT LINK_USDT_Perp	13.185	0.0100	get 0.0100% / 8h	34m 26s	$594K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.213%Rate

Funding earned: $0
Price spread: +0.213% → −0.005%: $21.76
Slippage, 4 orders: −$7.11
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$4.35
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; GRVT: live order book, 4 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, 9 min ago	0.38 bp	6.1 bp −$6	10.9 bp −$109	38.9 bp −$3,888	125.1 bp −$62.6K
Sell GRVT live order book, 4 min ago	1.14 bp	6.1 bp −$6	14.9 bp −$149	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 −0.0091% / S +0.0167%	1h	13.159	+0.017%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.188%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.161	+0.028%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.160	+0.024%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.204	+0.358%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.754%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.156	−0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.166	+0.072%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.164	+0.051%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.163	+0.046%	$401K	$312K	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	13.165	+0.063%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.169	+0.089%	$277K	$150K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.157	long leg	$122.4M	$304.1M	75x
Bybit LINKUSDT	+0.0100%	8h	13.156	−0.008%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.159	+0.015%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.182	+0.190%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.161	+0.030%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.159	+0.015%	$36.5M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.164	+0.053%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.156	−0.008%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.161	+0.030%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.190%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.247%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.185	+0.213%	$594K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.195	+0.289%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.164	+0.053%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.157	−0.001%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.173	+0.123%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.164	+0.053%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.165	+0.057%	$648K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.159	+0.017%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.161	+0.027%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.165	+0.061%	$996K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	+0.008%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0272%	1h	13.175	+0.137%	$77.9M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0295%	1h	13.174	+0.129%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	+0.005%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.173	+0.119%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.185	+0.213%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0585%	1h	13.168	+0.081%	$349K	$48K	10x	as long as short