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 +0.012%

Price spread now: KuCoin against Bybit+0.015%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.015%, 7d avg +0.015%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.027	0.0100	pay 0.0100% / 8h	6h 48m	$83.9M	$71.6M	75x
Short	KuCoin LINKUSDTM	13.029	0.0100	get 0.0100% / 8h	6h 48m	$22.6M	$14.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.015%: $0.06
Slippage, 4 orders: −$17.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.58
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	0.38 bp	8.4 bp −$8	14.0 bp −$140	35.8 bp −$3,579	doesn't fit
Sell KuCoin live order book, 5 min ago	1.93 bp	11.7 bp −$12	16.5 bp −$165	67.7 bp −$6,768	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	13.009	−0.137%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.026	−0.008%	$463K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.011	−0.122%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0032%	1h	13.016	−0.085%	$345K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.813%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	−0.036%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.011	−0.123%	$123K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.001	−0.200%	$955K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0080%	1h	13.018	−0.071%	$773K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.015	−0.093%	$1.9M	$2.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0099%	8h	13.059	+0.248%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.017	−0.077%	$393K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.024	−0.025%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.023	−0.031%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.031	+0.031%	$120.5M	$302.2M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.027	long leg	$83.9M	$71.6M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.027	0.000%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.033	+0.046%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.019	−0.061%	$128.9M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.027	0.000%	$35.6M	$58.0M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.029	+0.015%	$22.6M	$14.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.024	−0.023%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.028	+0.008%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.025	−0.015%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.273%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.359%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.984	−0.333%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.322%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.023	−0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.010	−0.130%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.024	−0.024%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.012	−0.115%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.987	−0.306%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.016	−0.082%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.015	−0.092%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.177%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.014	−0.103%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0476%	1h	13.029	+0.015%	$80.0M	$29.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.017	−0.075%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0607%	8h	13.028	+0.008%	$20.1M	$11.5M	50x	as long as short