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 −0.012%

Price spread now: Bybit against BingX+0.054%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.054%, 7d avg −0.009%

Together, before fees−0.125%−$13 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: Bybit is 0.063% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	12.999	0.0100	pay 0.0100% / 8h	6h 51m	—	$22.7M	—
Short	Bybit LINKUSDT	13.006	0.0100	get 0.0100% / 8h	6h 51m	$83.8M	$71.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → −0.009%: $6.32
Slippage, 4 orders: −$7.72
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.39
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bybit: live order book, 3 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 BingX live order book, 2 min ago	1.54 bp	6.8 bp −$7	8.6 bp −$86	18.6 bp −$1,856	41.2 bp −$20.6K
Sell Bybit live order book, 3 min ago	0.38 bp	6.5 bp −$6	12.4 bp −$124	36.9 bp −$3,692	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	12.994	−0.041%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.997	−0.012%	$462K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.993	−0.045%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.608%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0040%	1h	12.984	−0.113%	$344K	$48K	10x	as long as short
Phoenix LINK	+0.0049%	1h	12.998	−0.012%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	12.993	−0.046%	$124K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.001	+0.015%	$955K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.997	−0.015%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.038	+0.302%	$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	12.979	−0.150%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.995	−0.029%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.981	−0.136%	$272K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.009	+0.076%	$120.9M	$301.9M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	13.006	+0.054%	$83.8M	$71.6M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.008	+0.069%	$27.3M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.001	+0.015%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.996	−0.023%	$128.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.000	+0.008%	$35.9M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	−0.008%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.995	−0.031%	$53.8M	$30.6M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	12.999	long leg	—	$22.7M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	13.007	+0.062%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.058%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.144%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.984	−0.118%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.108%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.989	−0.077%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.996	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.009	+0.078%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.996	−0.023%	$24K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.147%	$640K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.993	−0.047%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.998	−0.011%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0165%	1h	13.002	+0.019%	$772K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	−0.300%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.982	−0.130%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0501%	1h	13.011	+0.092%	$79.9M	$29.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.003	+0.032%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0678%	8h	13.012	+0.100%	$20.1M	$11.5M	50x	as long as short