Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.030%

Price spread now: BloFin against edgeX−0.101%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)+0.175%+$17 · spread now −0.101%, 7d avg +0.030%

Together, before fees+0.348%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.131% cheaper against edgeX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.030%). If the spread goes back, that is −$13 on $10k: about 3.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.179	0.0100	pay 0.0050% / 4h	1h 12m	$44K	$309K	20x
Short	BloFin LINK-USDT	13.166	0.0220	get 0.0220% / 8h	1h 12m	$5.2M	$17.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $25.2
Price spread: −0.101% → +0.030%: −$13.13
Slippage, 4 orders: −$7.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.56
Costs to cover: 0.286%
Break-even: 11.6 days

Slippage from edgeX: live order book, 6 min ago; BloFin: live order book, 7 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, 6 min ago	2.28 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.14 bp	7.8 bp −$8	11.5 bp −$115	25.2 bp −$2,522	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	13.175	−0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	−0.001%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.012%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.175	−0.029%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0030%	1h	13.174	−0.038%	$349K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.913%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	+0.026%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.170	−0.071%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.173	−0.045%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.170	−0.071%	$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	13.172	−0.056%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.188	+0.066%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.177	−0.021%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	−0.028%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.168	−0.082%	$122.3M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.165	−0.109%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.163	−0.124%	$27.8M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.187	+0.058%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.173	−0.048%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.168	−0.086%	$36.3M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.176	−0.025%	$22.4M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.171	−0.063%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.174	−0.040%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.034%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.179	long leg	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.036%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.058%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.176	−0.025%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.170	−0.072%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.073%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	−0.048%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.156	−0.175%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.169	−0.076%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	−0.027%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.175	−0.033%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0210%	1h	13.176	−0.025%	$365K	$376K	15x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.166	−0.101%	$5.2M	$17.0M	75x
Reya LINKRUSDPERP	+0.0377%	1h	13.170	−0.068%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0469%	8h	13.187	+0.058%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.175	−0.032%	$6.9M	$8.1M	50x	as long as short