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 −0.008%

Price spread now: OKX against BingX−0.008%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.008%, 7d avg +0.002%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	13.156	0.0100	pay 0.0100% / 8h	1h 23m	—	$6.6M	—
Short	OKX LINK-USDT-SWAP	13.155	0.0100	get 0.0100% / 8h	1h 23m	$27.6M	$85.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.002%: −$0.94
Slippage, 4 orders: −$15.92
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.86
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago	0.76 bp	11.4 bp −$11	25.2 bp −$252	81.4 bp −$8,140	464.9 bp −$232.4K
Sell OKX live order book, 5 min ago	0.38 bp	10.0 bp −$10	16.6 bp −$166	34.8 bp −$3,483	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	13.155	−0.009%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.142	−0.103%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.135	−0.161%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	+0.020%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.155	−0.008%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.746%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.138	−0.135%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.150	−0.046%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.156	+0.004%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.135	−0.160%	$32K	$3K	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	13.150	−0.046%	$402K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.165	+0.068%	$77.6M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.152	−0.034%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.142	−0.109%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.156	−0.003%	$122.1M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.157	+0.008%	$85.0M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.155	−0.008%	$27.6M	$85.9M	50x
Arcus LINK-USD	+0.0100%	1h	13.160	+0.030%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.156	0.000%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.154	−0.015%	$36.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.152	−0.030%	$22.5M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.155	−0.008%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.156	long leg	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.119	−0.282%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.123	−0.250%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.134	−0.165%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	−0.175%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.157	+0.008%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.150	−0.048%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.166	+0.078%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.153	−0.023%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.121	−0.264%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.150	−0.049%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	+0.006%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.146	−0.076%	$991K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0197%	1h	13.143	−0.099%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	−0.046%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.148	−0.058%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.168	+0.091%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.158	+0.013%	$7.0M	$8.1M	50x	as long as short