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 0.000%

Price spread now: KuCoin against BingX+0.092%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.092%, 7d avg +0.005%

Together, before fees−0.168%−$17 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: KuCoin is 0.087% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	12.976	0.0100	pay 0.0100% / 8h	5h 41m	—	$22.6M	—
Short	KuCoin LINKUSDTM	12.988	0.0100	get 0.0100% / 8h	5h 41m	$23.0M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.005%: $8.71
Slippage, 4 orders: −$17.64
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.94
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: 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, 11 min ago	1.15 bp	6.5 bp −$7	8.5 bp −$85	14.8 bp −$1,481	40.5 bp −$20.3K
Sell KuCoin live order book, 2 min ago	1.15 bp	13.6 bp −$14	19.3 bp −$193	64.9 bp −$6,492	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	13.003	+0.207%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.013	+0.286%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.004	+0.213%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.439%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.012	+0.277%	$939K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.001	+0.193%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.005	+0.226%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.004	+0.217%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.017	+0.314%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.012	+0.277%	$396K	$315K	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	13.007	+0.237%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.015	+0.304%	$275K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.974	−0.014%	$119.6M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.974	−0.015%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.971	−0.039%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.021	+0.347%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.987	+0.085%	$128.3M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.976	0.000%	$31.9M	$56.9M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.988	+0.092%	$23.0M	$13.6M	75x
Bitget LINKUSDT	+0.0100%	8h	12.977	+0.008%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	12.976	long leg	—	$22.6M	—
Variational Omni LINK	+0.0100%	8h	12.971	−0.037%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.147%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.088%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.003	+0.208%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	+0.262%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.001	+0.193%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.027	+0.389%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.004	+0.216%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.959	−0.130%	$639K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.970	−0.045%	$701K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	+0.220%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.005	+0.223%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.015	+0.301%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0273%	1h	13.008	+0.245%	$773K	$193K	50x	as long as short
dYdX LINK-USD	+0.0355%	1h	13.008	+0.245%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.001	+0.192%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.005	+0.224%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0599%	8h	13.019	+0.331%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0700%	1h	13.016	+0.308%	$81.3M	$27.0M	10x	as long as short