Funding arb · Price arb /

LINK

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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: Pacifica against BloFin+0.164%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.164%, 7d avg +0.004%

Together, before fees−0.468%+ Points / potential airdropPacifica: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.160% dearer against BloFin than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.004%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.088	0.0220	pay 0.0220% / 8h	9m 51s	$5.2M	$16.8M	75x
Short	Pacifica LINK	13.109	0.0100	get 0.0013% / 1h	9m 51s	$276K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.164%Rate

Funding earned: −$25.2
Price spread: +0.164% → +0.004%: $16.04
Slippage, 4 orders: −$16.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.86
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Pacifica: live order book, 3 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, 4 min ago	1.53 bp	7.6 bp −$8	11.8 bp −$118	24.1 bp −$2,413	doesn't fit
Sell Pacifica live order book, 3 min ago	3.82 bp	9.8 bp −$10	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 −0.0091% / S +0.0167%	1h	13.110	+0.165%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.114	+0.201%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.115	+0.204%	$726K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.111	+0.173%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	+0.157%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.257%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.107	+0.145%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.110	+0.170%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.110	+0.169%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.113	+0.195%	$400K	$310K	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	13.109	+0.163%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.109	+0.164%	$276K	$151K	10x
Binance LINKUSDT	+0.0100%	8h	13.108	+0.155%	$121.8M	$305.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.105	+0.130%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.108	+0.153%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.123	+0.267%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.108	+0.153%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.106	+0.138%	$36.1M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.111	+0.176%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.106	+0.138%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.107	+0.145%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.083	−0.041%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	+0.097%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.100	+0.091%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	+0.138%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.119	+0.237%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.108	+0.154%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.124	+0.274%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.111	+0.176%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	+0.094%	$645K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.103	+0.114%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.114	+0.198%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.116	+0.214%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.119	+0.237%	$362K	$376K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.088	long leg	$5.2M	$16.8M	75x
Hyperliquid LINK	+0.0295%	1h	13.123	+0.267%	$77.8M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.105	+0.128%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.119	+0.234%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0484%	8h	13.125	+0.283%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0541%	1h	13.103	+0.115%	$347K	$48K	10x	as long as short