Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Paradex against Bybit+0.006%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.117	0.0100	pay 0.0100% / 8h	4m 42s	$84.6M	$71.3M	75x
Short	Paradex LINK-USD-PERP	13.118	0.0100	get 0.0100% / 8h	4m 42s	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$0.09
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.51
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Paradex: 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 Bybit live order book, 4 min ago	0.38 bp	6.8 bp −$7	10.9 bp −$109	33.5 bp −$3,354	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0091% / S +0.0167%	1h	13.100	−0.127%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.105	−0.088%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.102	−0.111%	$725K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.101	−0.124%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.093	−0.182%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.466%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.095	−0.168%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.118	+0.007%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.118	+0.006%	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.092	−0.191%	$400K	$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	13.117	+0.002%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	+0.032%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.118	+0.010%	$121.9M	$305.1M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.117	long leg	$84.6M	$71.3M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	+0.015%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.111	−0.046%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.105	−0.091%	$130.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.117	0.000%	$36.2M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.102	−0.114%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.117	0.000%	$54.6M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.114	−0.023%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.086	−0.238%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.097	−0.151%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.107	−0.076%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.100	−0.130%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.102	−0.114%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.096	−0.157%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.109	−0.062%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.097	−0.152%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.079	−0.288%	$643K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.111	−0.046%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.101	−0.121%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	−0.046%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0210%	1h	13.109	−0.061%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.096	−0.160%	$5.2M	$16.2M	75x	as long as short
Hyperliquid LINK	+0.0290%	1h	13.135	+0.137%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.097	−0.151%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.106	−0.082%	$6.9M	$8.3M	50x	as long as short
Phemex LINKUSDT	+0.0489%	8h	13.116	−0.008%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0518%	1h	13.120	+0.019%	$347K	$48K	10x	as long as short