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 +0.013%

Price spread now: SunX against Bybit+0.154%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.154%, 7d avg +0.125%

Together, before fees+0.182%+$18 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: SunX is 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.040	0.0100	pay 0.0100% / 8h	5h 16m	$84.2M	$71.6M	75x
Short	SunX LINK-USDT	13.060	0.0100	get 0.0100% / 8h	5h 16m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.125%: $2.9
Slippage, 4 orders: −$37.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.27
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 9 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	6.3 bp −$6	11.2 bp −$112	32.0 bp −$3,205	doesn't fit
Sell SunX live order book, 9 min ago	15.41 bp	20.5 bp −$20	doesn't fit	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	13.044	+0.028%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.045	+0.041%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.045	+0.035%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.908%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.041	+0.008%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.043	+0.023%	$966K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.041	+0.007%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	+0.163%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.042	+0.017%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.033	−0.050%	$394K	$312K	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	13.044	+0.028%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.041	+0.008%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.046	+0.046%	$120.6M	$296.4M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.040	long leg	$84.2M	$71.6M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.043	+0.023%	$27.5M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.054	+0.107%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.038	−0.015%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.037	−0.023%	$32.5M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.042	+0.015%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.042	+0.015%	$54.2M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.035	−0.038%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.043	+0.023%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.038	−0.016%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.044	+0.034%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.040	0.000%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.077	+0.284%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.048	+0.061%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.038	−0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.060	+0.154%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.042	+0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.008	−0.248%	$642K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.036	−0.034%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.043	+0.020%	$547K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0202%	1h	13.047	+0.051%	$775K	$174K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.040	0.000%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.038	−0.018%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0433%	1h	13.034	−0.046%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.045	+0.038%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0578%	8h	13.055	+0.115%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0660%	1h	13.054	+0.107%	$82.1M	$27.3M	10x	as long as short