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: HTX against Binance−0.353%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.353%, 7d avg −0.080%

Together, before fees+0.354%+$35 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: HTX is 0.273% cheaper against Binance than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.874	0.0100	pay 0.0100% / 8h	2h 37m	$118.9M	$302.5M	75x
Short	HTX LINK-USDT	12.828	0.0100	get 0.0100% / 8h	2h 37m	$630K	$678K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.353%Rate

Funding earned: $0
Price spread: −0.353% → −0.080%: −$27.3
Slippage, 4 orders: −$53.01
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.31
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; HTX: live order book, 11 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, 6 min ago	0.39 bp	6.7 bp −$7	11.4 bp −$114	38.4 bp −$3,839	123.5 bp −$61.7K
Sell HTX live order book, 11 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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	12.846	−0.210%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.848	−0.199%	$499K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.848	−0.199%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.678%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.845	−0.221%	$97K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	+0.043%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.875	+0.014%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.880	+0.049%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.870	−0.031%	$343K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.874	+0.003%	$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	12.875	+0.013%	$274K	$186K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.874	long leg	$118.9M	$302.5M	75x
Bybit LINKUSDT	+0.0100%	8h	12.871	−0.019%	$83.0M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.870	−0.027%	$27.2M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.890	+0.128%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.870	−0.027%	$124.0M	$14.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.879	+0.043%	$32.9M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.873	−0.004%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.878	+0.035%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.876	+0.019%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.864	−0.074%	$337K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.841	−0.250%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.827	−0.358%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.830	−0.338%	$586K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.822	−0.400%	$131K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.858	−0.120%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.849	−0.191%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.869	−0.033%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.854	−0.152%	$10K	$64K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.828	−0.353%	$630K	$678K	75x
Extended LINK-USD	+0.0104%	1h	12.874	+0.001%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.856	−0.136%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.837	−0.284%	$914K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.838	−0.276%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0225%	1h	12.861	−0.098%	$786K	$231K	50x	as long as short
Hyperliquid LINK	+0.0240%	1h	12.881	+0.058%	$80.2M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.858	−0.122%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.852	−0.170%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.857	−0.128%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0901%	1h	12.873	−0.004%	$343K	$33K	10x	as long as short