Funding arb · Price arb /

LINK

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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 +0.012%

Price spread now: HTX against Bybit−0.175%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.175%, 7d avg −0.051%

Together, before fees+0.226%+$23 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: HTX is 0.124% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.024	0.0100	pay 0.0100% / 8h	6h 49m	$83.9M	$71.7M	75x
Short	HTX LINK-USDT	13.001	0.0100	get 0.0100% / 8h	6h 49m	$641K	$870K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → −0.051%: −$12.44
Slippage, 4 orders: −$47.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$82.55
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 19 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, 4 min ago	0.38 bp	8.4 bp −$8	14.0 bp −$140	35.8 bp −$3,579	doesn't fit
Sell HTX live order book, 19 min ago	20.97 bp	27.1 bp −$27	180.0 bp −$1,800	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	13.011	−0.101%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.009	−0.113%	$463K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.011	−0.098%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.791%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0036%	1h	13.013	−0.087%	$345K	$48K	10x	as long as short
Phoenix LINK	+0.0049%	1h	12.998	−0.203%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.015	−0.069%	$123K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.001	−0.177%	$955K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.019	−0.042%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.067	+0.329%	$31K	$2K	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	13.015	−0.069%	$393K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.024	−0.003%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.018	−0.050%	$273K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.027	+0.025%	$120.5M	$302.1M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.024	long leg	$83.9M	$71.7M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.027	+0.023%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.029	+0.038%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.024	0.000%	$128.9M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.029	+0.038%	$36.1M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.028	+0.031%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.027	+0.023%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.028	+0.031%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.033	+0.069%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.250%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.336%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.984	−0.310%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.299%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.021	−0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.017	−0.055%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.024	+0.002%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.019	−0.038%	$24K	$37K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.001	−0.175%	$641K	$870K	75x
Extended LINK-USD	+0.0104%	1h	13.024	−0.004%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.020	−0.032%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0180%	1h	13.024	−0.001%	$773K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	−0.491%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.008	−0.124%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0489%	1h	13.041	+0.131%	$80.1M	$29.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.025	+0.011%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0633%	8h	13.031	+0.054%	$20.1M	$11.5M	50x	as long as short