Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: GRVT against edgeX−0.027%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.027%, 7d avg 0.000%

Together, before fees−0.098%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$10 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: GRVT is 0.027% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.942	0.0100	pay 0.0050% / 4h	3h 13m	$43K	$308K	20x
Short	GRVT LINK_USDT_Perp	12.939	0.0100	get 0.0100% / 8h	3h 13m	$581K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: −$13.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$34.23
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; GRVT: live order book, 6 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, 40 min ago	2.30 bp	6.8 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	1.55 bp	7.6 bp −$8	15.6 bp −$156	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 −0.0089% / S +0.0166%	1h	12.936	−0.050%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.940	−0.016%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.935	−0.054%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.191%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.931	−0.088%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.950	+0.061%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.932	−0.081%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.935	−0.058%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.935	−0.058%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.937	−0.044%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.937	−0.041%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.934	−0.062%	$120.0M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	−0.104%	$83.5M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.931	−0.088%	$27.3M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.082%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.932	−0.081%	$128.1M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.933	−0.073%	$33.3M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.938	−0.034%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.933	−0.073%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.932	−0.081%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.938	−0.034%	$339K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.933	−0.071%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.942	long leg	$43K	$308K	20x
GRVT LINK_USDT_Perpshort	+0.0100%	8h	12.939	−0.027%	$581K	$2.8M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.151%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.940	−0.019%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.929	−0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.948	+0.040%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.934	−0.065%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.910	−0.253%	$633K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.929	−0.101%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.935	−0.061%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.953	+0.082%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0106%	1h	12.939	−0.027%	$785K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	−0.042%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.937	−0.042%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0307%	1h	12.945	+0.020%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.933	−0.073%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.950	+0.058%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0836%	1h	12.933	−0.073%	$344K	$32K	10x	as long as short