Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against edgeX+0.136%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2972.973% of the position

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.136%, 7d avg +0.031%

Together, before fees−0.087%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.105% dearer against edgeX than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.031%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.214	0.0100	pay 0.0050% / 4h	56m 29s	$44K	$307K	20x
Short	gTrade (Gains Network) LINK/USD	13.232	L +0.0004% / S −0.0007%	get 0.0001% / 1h	56m 29s	$135K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.136%Rate

Funding earned: −$19.63
Price spread: +0.136% → +0.031%: $10.5
Slippage, 4 orders: −$278.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$306.4
Costs to cover: 2.973%
Break-even: never at this rate

Slippage from edgeX: live order book, 22 min ago; gTrade (Gains Network): virtual book (oracle venue), 18 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, 22 min ago	2.28 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 18 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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	13.232	+0.138%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.236	+0.164%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.232	+0.136%	$135K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.159%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	+0.077%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.230	+0.123%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	13.236	+0.164%	$725K	$128K	50x	as long as short
dYdX LINK-USD	+0.0077%	1h	13.231	+0.133%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.237	+0.173%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.237	+0.173%	$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	13.238	+0.180%	$405K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.239	+0.194%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.238	+0.181%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.240	+0.202%	$123.2M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.235	+0.161%	$85.5M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.239	+0.191%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.248	+0.259%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.233	+0.146%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.238	+0.183%	$37.0M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.238	+0.183%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.236	+0.168%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.238	+0.183%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.152%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.214	long leg	$44K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.082%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.006%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	+0.183%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.227	+0.104%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.242	+0.215%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.233	+0.146%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.214	+0.005%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.235	+0.164%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.233	+0.147%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.230	+0.123%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.234	+0.153%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0296%	1h	13.251	+0.279%	$78.3M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0349%	1h	13.242	+0.214%	$365K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.234	+0.151%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.246	+0.244%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.242	+0.211%	$7.0M	$8.1M	50x	as long as short