Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against BingX−0.071%70s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$360.356% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.181%+$18 · spread now −0.071%, 7d avg −0.001%

Together, before fees+0.210%+ Points / potential airdropedgeX: Active · farm board+$21 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: edgeX is 0.070% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 70 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	BingX LINK-USDC	13.110	0.0100	pay 0.0100% / 8h	10m 16s	—	$6.6M	—
Short	edgeX LINKUSDC	13.101	0.0100	get 0.0050% / 4h	10m 16s	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.001%: −$7.03
Slippage, 4 orders: −$16.57
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.6
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; edgeX: 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	1.15 bp	10.2 bp −$10	22.2 bp −$222	85.4 bp −$8,535	437.0 bp −$218.5K
Sell edgeX live order book, 3 min ago	2.67 bp	7.2 bp −$7	10.3 bp −$103	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	13.110	−0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.114	+0.033%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.115	+0.036%	$726K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.111	+0.005%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	−0.011%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.416%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.107	−0.023%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.110	+0.002%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.110	+0.001%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.113	+0.027%	$400K	$310K	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	13.109	−0.004%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.109	−0.004%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.110	−0.002%	$121.8M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.105	−0.038%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.112	+0.015%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.123	+0.099%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.112	+0.015%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.111	+0.008%	$36.1M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.117	+0.053%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.111	+0.008%	$54.6M	$30.6M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.110	long leg	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.083	−0.209%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.101	−0.071%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.100	−0.077%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	−0.031%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.119	+0.069%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.108	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.124	+0.106%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.111	+0.008%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.074%	$645K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.108	−0.012%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.114	+0.030%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.116	+0.046%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.097	−0.099%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	−0.168%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0294%	1h	13.124	+0.107%	$77.8M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.105	−0.040%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.119	+0.065%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0484%	8h	13.125	+0.114%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0541%	1h	13.103	−0.053%	$347K	$48K	10x	as long as short