Funding arb · Price arb /

LINK

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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: KuCoin against Bitget+0.107%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.107%, 7d avg +0.015%

Together, before fees−0.128%−$13 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 0.093% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.052	0.0100	pay 0.0100% / 8h	2h 51m	$54.0M	$30.2M	75x
Short	KuCoin LINKUSDTM	13.066	0.0100	get 0.0100% / 8h	2h 51m	$21.9M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.015%: $9.25
Slippage, 4 orders: −$20.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.43
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.38 bp	11.7 bp −$12	19.8 bp −$198	36.0 bp −$3,604	doesn't fit
Sell KuCoin live order book, 2 min ago	0.76 bp	12.3 bp −$12	21.9 bp −$219	65.4 bp −$6,542	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 −0.0091% / S +0.0166%	1h	13.086	+0.258%	$1.7M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.067	+0.115%	$346K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.080	+0.215%	$455K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.081	+0.219%	$697K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	+0.268%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.127	+0.578%	$3K	$84K	10x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.440%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.995%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	13.069	+0.130%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.067	+0.115%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.046	−0.047%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.078	+0.199%	$399K	$316K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.080	+0.215%	$77.9M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.075	+0.176%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.061	+0.066%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.058	+0.047%	$120.8M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.050	−0.015%	$84.2M	$69.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.047	−0.038%	$27.6M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.081	+0.222%	$183K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.059	+0.054%	$130.2M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.049	−0.023%	$35.2M	$55.8M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.066	+0.107%	$21.9M	$16.0M	75x
Bitget LINKUSDTlong	+0.0100%	8h	13.052	long leg	$54.0M	$30.2M	75x
BingX LINK-USDT	+0.0100%	8h	13.052	0.000%	—	$21.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.082	+0.230%	$362K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.117	+0.496%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.133	+0.620%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+0.437%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.082	+0.230%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.074	+0.170%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.094	+0.325%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.075	+0.176%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.078	+0.198%	$640K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.050	−0.016%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.078	+0.203%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.084	+0.245%	$987K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.090	+0.291%	$5.2M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.080	+0.217%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0507%	1h	13.084	+0.242%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0511%	8h	13.092	+0.306%	$20.2M	$11.5M	50x	as long as short