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 −0.007%

Price spread now: Paradex against Bitget+0.033%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.033% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.154	0.0100	pay 0.0100% / 8h	32m 25s	$54.7M	$30.5M	75x
Short	Paradex LINK-USD-PERP	13.158	0.0100	get 0.0100% / 8h	32m 25s	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$0.01
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Paradex: no order-book sample. 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 Bitget live order book, 2 min ago	0.38 bp	10.3 bp −$10	14.2 bp −$142	31.9 bp −$3,191	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 +0.0167%	1h	13.160	+0.047%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	+0.126%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.166	+0.094%	$727K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	+0.054%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.128%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.732%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.155	+0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	+0.060%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.158	+0.033%	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.158	+0.030%	$401K	$311K	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	13.168	+0.106%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.082%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.158	+0.032%	$122.4M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	+0.015%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.158	+0.030%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.180	+0.198%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.160	+0.046%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.161	+0.053%	$36.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.168	+0.106%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.154	long leg	$54.7M	$30.5M	75x
BingX LINK-USDC	+0.0100%	8h	13.159	+0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.213%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.270%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.236%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.178	+0.182%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.167	+0.099%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.155	+0.004%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+0.181%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.161	+0.053%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.152	−0.011%	$647K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.161	+0.051%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	+0.019%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+0.152%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	+0.030%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0273%	1h	13.174	+0.152%	$77.9M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0279%	1h	13.167	+0.099%	$363K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	+0.027%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.170	+0.123%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0478%	8h	13.179	+0.190%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0652%	1h	13.164	+0.079%	$349K	$48K	10x	as long as short