Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Binance against edgeX+0.049%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.049%, 7d avg +0.013%

Together, before fees−0.271%+ Points / potential airdropedgeX: Active · farm board−$27 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: Binance is 0.037% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.204	0.0100	pay 0.0050% / 4h	59m 32s	$44K	$309K	20x
Short	Binance LINKUSDT	13.211	0.0100	get 0.0100% / 8h	59m 32s	$122.9M	$303.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.013%: $3.69
Slippage, 4 orders: −$7.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.7
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from edgeX: live order book, 18 min ago; Binance: live order book, 14 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 edgeX live order book, 18 min ago	2.28 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.38 bp	5.7 bp −$6	10.4 bp −$104	31.8 bp −$3,182	103.4 bp −$51.7K

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	13.222	+0.131%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.231	+0.199%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.221	+0.125%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0007%	1h	13.226	+0.163%	$725K	$128K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.092%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	−0.010%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.219	+0.110%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0055%	1h	13.214	+0.070%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.214	+0.071%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.209	+0.034%	$32K	$3K	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	13.215	+0.080%	$404K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.214	+0.074%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.214	+0.071%	$277K	$149K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.211	+0.049%	$122.9M	$303.3M	75x
Bybit LINKUSDT	+0.0100%	8h	13.208	+0.027%	$85.3M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.213	+0.065%	$27.9M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.226	+0.163%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.210	+0.042%	$130.9M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.211	+0.049%	$37.0M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.222	+0.133%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.209	+0.034%	$55.0M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.210	+0.042%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.081%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.204	long leg	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.011%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	+0.019%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.226	+0.163%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.219	+0.106%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.236	+0.240%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.222	+0.133%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.200	−0.038%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.207	+0.018%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.224	+0.148%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.221	+0.125%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	+0.012%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0223%	1h	13.231	+0.201%	$365K	$380K	15x	as long as short
Hyperliquid LINK	+0.0274%	1h	13.234	+0.227%	$78.2M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.219	+0.114%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.234	+0.224%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0691%	1h	13.228	+0.179%	$7.0M	$8.2M	50x	as long as short