Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: edgeX against Bybit−0.101%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.101%, 7d avg +0.012%

Together, before fees+0.306%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.113% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.199	0.0100	pay 0.0100% / 8h	7h 41m	$85.1M	$71.4M	75x
Short	edgeX LINKUSDC	13.186	0.0100	get 0.0050% / 4h	3h 41m	$44K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → +0.012%: −$11.31
Slippage, 4 orders: −$8.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$40.13
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 32 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, 3 min ago	0.38 bp	7.7 bp −$8	13.1 bp −$131	34.6 bp −$3,457	doesn't fit
Sell edgeX live order book, 32 min ago	2.67 bp	7.2 bp −$7	10.3 bp −$103	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	13.204	+0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.213	+0.107%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	+0.042%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.053%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.285%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.201	+0.015%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.222	+0.174%	$768K	$185K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.199	0.000%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.189	−0.074%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.197	−0.015%	$404K	$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	13.205	+0.048%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.203	+0.027%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.202	+0.023%	$122.6M	$304.7M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.199	long leg	$85.1M	$71.4M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.202	+0.023%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.213	+0.106%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.202	+0.023%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.202	+0.023%	$36.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.204	+0.038%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.202	+0.023%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.202	+0.023%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.398%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.186	−0.101%	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.025%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.250%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	+0.053%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.213	+0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.227	+0.214%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.213	+0.106%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	−0.052%	$649K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.191	−0.059%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.215	+0.122%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.214	+0.114%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0155%	8h	13.223	+0.182%	$20.5M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0194%	1h	13.201	+0.015%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0208%	1h	13.227	+0.212%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.023%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.220	+0.158%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.201	+0.018%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0538%	1h	13.221	+0.167%	$80.9M	$25.1M	10x	as long as short