Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.031%

Price spread now: Polymarket Perps against BloFin+0.076%45s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.544%−$54 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Polymarket Perps is 0.076% dearer against BloFin than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.544% in total) that is about 23 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.166	0.0220	pay 0.0220% / 8h	1h 12m	$5.2M	$17.0M	75x
Short	Polymarket Perps LINK-USD	13.176	0.0100	get 0.0013% / 1h	12m 07s	$82K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Polymarket PerpsbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$25.2
Price spread: +0.076% → 0.000%: $7.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.6
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 7 min ago; Polymarket Perps: 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 BloFin live order book, 7 min ago	1.14 bp	7.1 bp −$7	10.6 bp −$106	27.1 bp −$2,714	64.8 bp −$32.4K
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 −0.0090% / S +0.0167%	1h	13.175	+0.067%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.100%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	+0.090%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.175	+0.072%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0030%	1h	13.174	+0.064%	$349K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.818%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	+0.127%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.170	+0.030%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.173	+0.056%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.170	+0.030%	$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	13.172	+0.046%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.181	+0.114%	$77.8M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.171	+0.042%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	+0.073%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.168	+0.015%	$122.3M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.168	+0.015%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.171	+0.038%	$27.8M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.187	+0.160%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.169	+0.023%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.168	+0.015%	$36.3M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.176	+0.076%	$22.4M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.168	+0.015%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.165	−0.008%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.136%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.101%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.137%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.160%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.176	+0.076%	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.170	+0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.175%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	+0.053%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.156	−0.074%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.169	+0.025%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	+0.075%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.175	+0.068%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.176	+0.076%	$365K	$376K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.166	long leg	$5.2M	$17.0M	75x
Reya LINKRUSDPERP	+0.0377%	1h	13.170	+0.033%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0469%	8h	13.187	+0.160%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.175	+0.069%	$6.9M	$8.1M	50x	as long as short