Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h 0.000%

Price spread now: Paradex against Coinbase International+0.050%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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

The price spread pays, funding is against you. Paradex is 0.050% dearer against Coinbase International than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.230	0.0160	pay 0.0020% / 1h	56m 18s	$999K	$2.8M	50x
Short	Paradex LINK-USD-PERP	13.237	0.0100	get 0.0100% / 8h	56m 18s	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$12.6
Price spread: +0.050% → 0.000%: $5.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.57
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	3.40 bp	13.2 bp −$13	16.3 bp −$163	doesn't fit	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 −0.0090% / S +0.0167%	1h	13.240	+0.078%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.236	+0.042%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.240	+0.076%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.274%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.046%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.241	+0.083%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	13.236	+0.042%	$725K	$128K	50x	as long as short
dYdX LINK-USD	+0.0077%	1h	13.231	+0.011%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.237	+0.051%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.237	+0.050%	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.238	+0.057%	$405K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.240	+0.078%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.238	+0.059%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.242	+0.092%	$123.2M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.238	+0.060%	$85.6M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.243	+0.098%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.248	+0.136%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.238	+0.060%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.240	+0.076%	$37.0M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.241	+0.083%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.243	+0.098%	$55.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.240	+0.076%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.274%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.214	−0.123%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.204%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.128%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.244	+0.106%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.238	+0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.242	+0.092%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.233	+0.023%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.214	−0.118%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.235	+0.041%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.243	+0.101%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0160%	1h	13.230	long leg	$999K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	13.234	+0.030%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0310%	1h	13.254	+0.181%	$78.4M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0349%	1h	13.242	+0.091%	$365K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.237	+0.051%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.246	+0.121%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.242	+0.088%	$7.0M	$8.1M	50x	as long as short