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 −0.002%

Price spread now: OKX against Binance−0.006%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.006%, 7d avg −0.009%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.835	0.0100	pay 0.0100% / 8h	2h 40m	$118.5M	$302.2M	75x
Short	OKX LINK-USDT-SWAP	12.834	0.0100	get 0.0100% / 8h	2h 40m	$27.1M	$80.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.009%: $0.32
Slippage, 4 orders: −$7.86
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.54
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; OKX: 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, 3 min ago	0.39 bp	6.7 bp −$7	11.4 bp −$114	38.4 bp −$3,839	123.5 bp −$61.7K
Sell OKX live order book, 4 min ago	0.39 bp	7.7 bp −$8	14.6 bp −$146	25.8 bp −$2,576	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	12.829	−0.046%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.866	+0.246%	$499K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.831	−0.029%	$183K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.387%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.827	−0.060%	$99K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	+0.346%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.834	−0.004%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.829	−0.043%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.820	−0.111%	$342K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.833	−0.010%	$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	12.832	−0.019%	$273K	$185K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.835	long leg	$118.5M	$302.2M	75x
Bybit LINKUSDT	+0.0100%	8h	12.831	−0.029%	$82.8M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.834	−0.006%	$27.1M	$80.1M	50x
Arcus LINK-USD	+0.0100%	1h	12.842	+0.057%	$179K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.826	−0.068%	$123.6M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.836	+0.010%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.836	+0.010%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.832	−0.021%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.833	−0.014%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+0.049%	$337K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.841	+0.052%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.882	+0.369%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	+0.493%	$585K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.884	+0.384%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.830	−0.037%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	−0.011%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.851	+0.124%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.834	−0.006%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.814	−0.163%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.831	−0.031%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.838	+0.029%	$538K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0108%	1h	12.842	+0.058%	$785K	$228K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.835	+0.002%	$914K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.849	+0.111%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0246%	1h	12.847	+0.095%	$80.0M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.836	+0.008%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.823	−0.094%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0584%	8h	12.843	+0.064%	$19.8M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1029%	1h	12.828	−0.052%	$342K	$33K	10x	as long as short