Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against Binance−0.003%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.003%, 7d avg +0.012%

Together, before fees−0.005%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.888	0.0100	pay 0.0100% / 8h	7h 40m	$119.0M	$297.4M	75x
Short	Pacifica LINK	12.888	0.0100	get 0.0013% / 1h	40m 26s	$274K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.012%: −$1.48
Slippage, 4 orders: −$16.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$36.18
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Pacifica: live order book, 58 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	5.4 bp −$5	10.4 bp −$104	38.3 bp −$3,827	125.3 bp −$62.7K
Sell Pacifica live order book, 58 min ago	4.27 bp	10.5 bp −$11	doesn't fit	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
Orderly PERP_LINK_USDC	−0.0112%	8h	12.883	−0.039%	$90K	$985K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.900	+0.090%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.059%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.888	+0.003%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.786%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.884	−0.029%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.905	+0.128%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.888	−0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.887	−0.007%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.882	−0.048%	$348K	$335K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.889	+0.008%	$80.5M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.884	−0.033%	$1.2M	$2.4M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	12.888	−0.003%	$274K	$182K	10x
Binance LINKUSDTlong	+0.0100%	8h	12.888	long leg	$119.0M	$297.4M	75x
Bybit LINKUSDT	+0.0100%	8h	12.883	−0.039%	$83.4M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.886	−0.016%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.900	+0.093%	$180K	$98K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.887	−0.008%	$133.6M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.883	−0.039%	$35.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.889	+0.008%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.882	−0.047%	$53.8M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.884	−0.031%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	0.000%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.875	−0.098%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.914	+0.204%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	+0.048%	$582K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.917	+0.225%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.887	−0.008%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.880	−0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.897	+0.067%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.880	−0.062%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.871	−0.133%	$629K	$721K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.879	−0.073%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	+0.014%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0130%	1h	12.896	+0.063%	$807K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.279%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	−0.016%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.878	−0.077%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.898	+0.078%	$19.9M	$11.5M	50x	as long as short
dYdX LINK-USD	+0.1183%	1h	12.888	+0.004%	$344K	$46K	10x	as long as short