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 0.000%

Price spread now: HTX against BingX−0.118%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.118%, 7d avg −0.065%

Together, before fees+0.097%+$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: HTX is 0.053% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	13.230	0.0100	pay 0.0100% / 8h	56m 58s	—	$21.2M	—
Short	HTX LINK-USDT	13.214	0.0100	get 0.0100% / 8h	56m 58s	$650K	$892K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.065%: −$5.3
Slippage, 4 orders: −$40.95
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$68.26
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; HTX: live order book, 22 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, 6 min ago	1.14 bp	6.2 bp −$6	7.9 bp −$79	21.6 bp −$2,165	53.3 bp −$26.6K
Sell HTX live order book, 22 min ago	18.77 bp	25.7 bp −$26	220.3 bp −$2,203	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 −0.0090% / S +0.0167%	1h	13.232	+0.016%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.236	+0.042%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.232	+0.013%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.274%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.046%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.230	0.000%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	13.236	+0.042%	$725K	$128K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.231	+0.011%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.220	−0.079%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.234	+0.032%	$405K	$313K	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	13.232	+0.018%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.227	−0.021%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.232	+0.017%	$123.1M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.230	0.000%	$85.5M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.235	+0.038%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.239	+0.068%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.230	0.000%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.231	+0.008%	$37.0M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.234	+0.030%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.228	−0.015%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.230	long leg	—	$21.2M	—
Variational Omni LINK	+0.0100%	8h	13.194	−0.274%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.214	−0.123%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.204%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.128%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	+0.060%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.227	−0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.242	+0.092%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.233	+0.023%	$5K	$36K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.214	−0.118%	$650K	$892K	75x
Extended LINK-USD	+0.0104%	1h	13.229	−0.008%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.233	+0.024%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0116%	1h	13.224	−0.049%	$350K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.230	0.000%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.234	+0.030%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0285%	1h	13.247	+0.125%	$78.3M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0349%	1h	13.242	+0.091%	$365K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.234	+0.028%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.246	+0.121%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.242	+0.088%	$7.0M	$8.1M	50x	as long as short