Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against BingX−0.197%54s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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−$270.272% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.197%, 7d avg +0.004%

Together, before fees+0.103%+ Points / potential airdropGRVT: Active · farm board+$10 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: GRVT is 0.201% cheaper against BingX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 54 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-USDT	13.190	0.0100	pay 0.0100% / 8h	2h 16m	—	$21.8M	—
Short	GRVT LINK_USDT_Perp	13.164	0.0100	get 0.0100% / 8h	2h 16m	$594K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → +0.004%: −$20.06
Slippage, 4 orders: −$8.2
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$47.26
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; GRVT: live order book, 2 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, 7 min ago	1.14 bp	6.1 bp −$6	6.1 bp −$61	15.6 bp −$1,557	43.0 bp −$21.5K
Sell GRVT live order book, 2 min ago	0.38 bp	6.1 bp −$6	15.4 bp −$154	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 −0.0092% / S +0.0166%	1h	13.196	+0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.197	+0.052%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.199	+0.071%	$718K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.196	+0.048%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0016%	1h	13.187	−0.024%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	−0.040%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.989%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.189	−0.008%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0087%	8h	13.164	−0.199%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.195	+0.037%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.189	−0.007%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.192	+0.015%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.205	+0.114%	$78.1M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.196	+0.049%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.193	+0.024%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.190	+0.003%	$122.2M	$301.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.190	0.000%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.192	+0.015%	$27.9M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.201	+0.083%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	0.000%	$131.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.190	0.000%	$37.4M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.193	+0.023%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.186	−0.030%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.190	long leg	—	$21.8M	—
edgeX LINKUSDC	+0.0100%	4h	13.167	−0.174%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.164	−0.197%	$594K	$2.8M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	−0.167%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.198	+0.061%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.190	+0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.209	+0.145%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.191	+0.008%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	−0.135%	$648K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.184	−0.042%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.198	+0.061%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.183	−0.053%	$989K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	13.198	+0.061%	$366K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	0.000%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.193	+0.026%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.201	+0.083%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.199	+0.069%	$7.0M	$7.9M	50x	as long as short