Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Gate against edgeX−0.039%97s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as 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−$430.425% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.365%−$37 · spread now −0.039%, 7d avg +0.001%

Together, before fees−0.451%+ Points / potential airdropedgeX: Active · farm board−$45 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: Gate is 0.040% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 97 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	12.986	0.0100	pay 0.0050% / 4h	1h 45m	$43K	$306K	20x
Short	Gate LINK_USDT	12.981	0.0100	get 0.0100% / 8h	5h 45m	$128.1M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.001%: −$4
Slippage, 4 orders: −$18.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.54
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from edgeX: live order book, 17 min ago; Gate: 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, 17 min ago	2.30 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.38 bp	12.1 bp −$12	18.0 bp −$180	31.3 bp −$3,130	74.2 bp −$37.1K

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	12.979	−0.057%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.980	−0.046%	$479K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.979	−0.055%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.513%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.973	−0.101%	$936K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.977	−0.070%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.979	−0.058%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.000	+0.106%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.964	−0.167%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.971	−0.118%	$394K	$316K	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	12.977	−0.068%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.967	−0.147%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.982	−0.029%	$119.6M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.976	−0.078%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.981	−0.039%	$27.4M	$82.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.984	−0.016%	$182K	$165K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.981	−0.039%	$128.1M	$12.6M	75x
MEXC LINK_USDT	+0.0100%	8h	12.980	−0.047%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.984	−0.016%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.979	−0.055%	$54.0M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.980	−0.047%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	−0.001%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.115%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.986	long leg	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.043	+0.437%	$593K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	+0.030%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.984	−0.016%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	−0.045%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.994	+0.058%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.978	−0.062%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.949	−0.283%	$639K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.976	−0.079%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.983	−0.024%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0220%	1h	12.988	+0.015%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.975	−0.086%	—	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.975	−0.082%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0386%	1h	12.964	−0.170%	$343K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.981	−0.040%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0603%	8h	12.993	+0.053%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0721%	1h	12.998	+0.092%	$81.6M	$26.6M	10x	as long as short