Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.030%

Price spread now: edgeX against BloFin−0.153%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.153%, 7d avg −0.030%

Together, before fees−0.094%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.123% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.234	0.0220	pay 0.0220% / 8h	55m 48s	$5.3M	$17.2M	75x
Short	edgeX LINKUSDC	13.214	0.0100	get 0.0050% / 4h	55m 48s	$44K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$25.2
Price spread: −0.153% → −0.030%: −$12.27
Slippage, 4 orders: −$8.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$67.05
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; edgeX: live order book, 22 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 BloFin live order book, 3 min ago	0.38 bp	8.6 bp −$9	9.3 bp −$93	20.4 bp −$2,036	doesn't fit
Sell edgeX live order book, 22 min ago	2.28 bp	6.9 bp −$7	10.4 bp −$104	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	13.240	+0.048%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.247	+0.097%	$484K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.240	+0.045%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.302%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.076%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.241	+0.053%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0077%	1h	13.231	−0.020%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.244	+0.072%	$2.0M	$2.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	13.249	+0.116%	$726K	$128K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.237	+0.020%	$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	13.238	+0.026%	$405K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.253	+0.147%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.238	+0.028%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.252	+0.137%	$123.3M	$303.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.249	+0.113%	$85.6M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.252	+0.136%	$28.0M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.248	+0.106%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.252	+0.136%	$131.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.252	+0.136%	$36.8M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.248	+0.106%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.249	+0.113%	$55.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.250	+0.121%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.304%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.214	−0.153%	$44K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.234%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.159%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.244	+0.076%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.238	+0.031%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.255	+0.157%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.246	+0.091%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.218	−0.118%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	+0.108%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.243	+0.070%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.239	+0.038%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.234	long leg	$5.3M	$17.2M	75x
Hyperliquid LINK	+0.0323%	1h	13.266	+0.242%	$78.4M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0370%	1h	13.256	+0.166%	$366K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.237	+0.021%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.259	+0.189%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.256	+0.167%	$7.0M	$8.2M	50x	as long as short