Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Binance against Bybit+0.005%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.005%, 7d avg +0.021%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	12.956	0.0100	pay 0.0100% / 8h	6h 32m	$83.6M	$72.7M	75x
Short	Binance LINKUSDT	12.957	0.0100	get 0.0100% / 8h	6h 32m	$119.0M	$306.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.021%: −$1.55
Slippage, 4 orders: −$7.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.96
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 11 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 Bybit live order book, 1 min ago	0.39 bp	6.3 bp −$6	10.4 bp −$104	37.5 bp −$3,746	doesn't fit
Sell Binance live order book, 11 min ago	0.38 bp	6.1 bp −$6	12.2 bp −$122	33.6 bp −$3,365	117.1 bp −$58.5K

LINK on 39 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	12.946	−0.077%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.953	−0.025%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.944	−0.091%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.291%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.978	+0.171%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.942	−0.108%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.958	+0.015%	$953K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.941	−0.117%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.986	+0.232%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.945	−0.087%	$394K	$322K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.953	−0.022%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.942	−0.111%	$274K	$164K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.957	+0.005%	$119.0M	$306.9M	75x
Bybit LINKUSDTlong	+0.0100%	8h	12.956	long leg	$83.6M	$72.7M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.965	+0.069%	$27.2M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.955	−0.008%	$181K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.951	−0.039%	$127.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.956	0.000%	$33.5M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.953	−0.023%	$22.5M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.954	−0.015%	$53.9M	$31.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.949	−0.054%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.950	−0.046%	$337K	$394K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.955	−0.004%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.955	−0.010%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.962	+0.045%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.958	+0.015%	$133K	$684K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.948	−0.062%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.942	−0.112%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.958	+0.017%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.945	−0.085%	$14K	$44K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.928	−0.213%	$638K	$864K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.955	−0.011%	$658K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.949	−0.055%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	12.950	−0.046%	$769K	$212K	50x	as long as short
dYdX LINK-USD	+0.0281%	1h	12.940	−0.123%	$343K	$48K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.942	−0.109%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0391%	1h	12.956	0.000%	$79.4M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	12.949	−0.056%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0665%	8h	12.959	+0.023%	$20.0M	$11.5M	50x	as long as short