Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against edgeX+0.149%74s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.549%−$55 · spread now +0.149%, 7d avg −0.011%

Together, before fees−0.586%+ Points / potential airdropedgeX: Active · farm board−$59 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: Bitget is 0.160% dearer against edgeX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.943	0.0100	pay 0.0050% / 4h	56m 16s	$43K	$307K	20x
Short	Bitget LINKUSDT	12.962	0.0100	get 0.0100% / 8h	4h 56m	$53.9M	$29.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → −0.011%: $15.97
Slippage, 4 orders: −$10.68
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.71
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	1.94 bp	8.0 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.77 bp	8.7 bp −$9	14.0 bp −$140	31.4 bp −$3,139	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	12.961	+0.139%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.923	−0.152%	$487K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	+0.142%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.193%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.960	+0.134%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.954	+0.087%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.968	+0.196%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.920	−0.177%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.962	+0.147%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.963	+0.157%	$392K	$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	12.960	+0.133%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.959	+0.127%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.964	+0.165%	$120.0M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	+0.126%	$83.7M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.961	+0.141%	$27.4M	$81.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.972	+0.226%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.965	+0.172%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.965	+0.172%	$32.3M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.972	+0.226%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.962	+0.149%	$53.9M	$29.6M	75x
BingX LINK-USDC	+0.0100%	8h	12.963	+0.157%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.959	+0.126%	$339K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.941	−0.014%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.943	long leg	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.947	+0.037%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.945	+0.018%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.974	+0.242%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.961	+0.141%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.988	+0.346%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.963	+0.157%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.943	+0.002%	$634K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.958	+0.116%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.958	+0.119%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.969	+0.202%	$774K	$184K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.922	−0.160%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.966	+0.180%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.965	+0.175%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0463%	1h	12.975	+0.250%	$81.6M	$27.3M	10x	as long as short
Phemex LINKUSDT	+0.0607%	8h	12.978	+0.273%	$20.0M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0861%	1h	12.957	+0.113%	$343K	$30K	10x	as long as short