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: SunX against BingX+0.105%7-day average +0.110% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.105%, 7d avg +0.110%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	13.011	0.0100	pay 0.0100% / 8h	5h 43m	—	$22.6M	—
Short	SunX LINK-USDT	13.025	0.0100	get 0.0100% / 8h	5h 43m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.110%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$18.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; SunX: live order book, 11 min ago. Net counts fees only.

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, 10 min ago	1.15 bp	6.5 bp −$7	8.5 bp −$85	14.8 bp −$1,481	40.5 bp −$20.3K
Sell SunX live order book, 11 min ago	500.07 bp	doesn't fit	doesn't fit	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	13.010	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.997	−0.108%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.009	−0.018%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.696%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.016	+0.038%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.012	+0.008%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.009	−0.012%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.004	−0.053%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.008	−0.026%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.007	−0.031%	$395K	$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	13.009	−0.012%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.010	−0.007%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.012	+0.008%	$119.9M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.010	−0.008%	$84.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.013	+0.015%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.022	+0.085%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.006	−0.038%	$128.5M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.011	0.000%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.011	0.000%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.012	+0.008%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.011	long leg	—	$22.6M	—
Variational Omni LINK	+0.0100%	8h	12.971	−0.306%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	−0.122%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.356%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.003	−0.061%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.016	+0.038%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.012	+0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.025	+0.105%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.016	+0.038%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.991	−0.152%	$641K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.012	+0.004%	$701K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.019	+0.060%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.004	−0.054%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.005	−0.046%	—	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0311%	1h	13.019	+0.063%	$773K	$193K	50x	as long as short
dYdX LINK-USD	+0.0363%	1h	13.008	−0.024%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.008	−0.020%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.019	+0.058%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0612%	8h	13.012	+0.008%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0743%	1h	13.023	+0.092%	$81.8M	$26.7M	10x	as long as short