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: BingX against Bitget+0.015%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days+0.005%+$1 · spread now +0.015%, 7d avg +0.010%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.029	0.0100	pay 0.0100% / 8h	5h 18m	$54.2M	$29.8M	75x
Short	BingX LINK-USDT	13.031	0.0100	get 0.0100% / 8h	5h 18m	—	$22.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.010%: $0.56
Slippage, 4 orders: −$8.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.08
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 10 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 Bitget live order book, 5 min ago	0.38 bp	8.3 bp −$8	12.2 bp −$122	20.7 bp −$2,075	doesn't fit
Sell BingX live order book, 10 min ago	1.54 bp	7.3 bp −$7	8.4 bp −$84	21.2 bp −$2,119	46.5 bp −$23.2K

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	13.044	+0.117%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.049	+0.150%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.045	+0.123%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.828%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.051	+0.169%	$967K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.041	+0.092%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.039	+0.074%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	+0.247%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.037	+0.063%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.043	+0.111%	$395K	$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	13.044	+0.115%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.036	+0.055%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.034	+0.035%	$120.5M	$296.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.030	+0.008%	$84.2M	$71.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.034	+0.038%	$27.5M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.052	+0.177%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.039	+0.077%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.033	+0.031%	$32.5M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.039	+0.077%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.029	long leg	$54.2M	$29.8M	75x
BingX LINK-USDTshort	+0.0100%	8h	13.031	+0.015%	—	$22.5M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	13.046	+0.130%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.062	+0.254%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.068	+0.301%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	+0.166%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.077	+0.368%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.055	+0.200%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.039	+0.079%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.068	+0.296%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.042	+0.100%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	+0.058%	$643K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.027	−0.018%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.044	+0.114%	$547K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0149%	1h	13.046	+0.132%	$775K	$174K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.041	+0.092%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.042	+0.096%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0405%	1h	13.032	+0.026%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.045	+0.127%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0586%	8h	13.056	+0.207%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0660%	1h	13.056	+0.207%	$82.2M	$27.3M	10x	as long as short