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: HTX against edgeX+0.178%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.178%, 7d avg −0.058%

Together, before fees−0.172%+ Points / potential airdropedgeX: Active · farm board−$17 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: HTX is 0.235% dearer against edgeX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.844	0.0100	pay 0.0050% / 4h	2h 20m	$43K	$306K	20x
Short	HTX LINK-USDT	12.867	0.0100	get 0.0100% / 8h	2h 20m	$632K	$675K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → −0.058%: $23.55
Slippage, 4 orders: −$54.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.09
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; HTX: live order book, 28 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, 28 min ago	2.32 bp	6.8 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell HTX live order book, 28 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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	12.925	+0.632%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.908	+0.499%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.925	+0.625%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.459%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0039%	8h	12.918	+0.574%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	+0.288%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.919	+0.584%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.922	+0.603%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.912	+0.531%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.926	+0.634%	$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	12.920	+0.593%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.927	+0.644%	$118.8M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.926	+0.636%	$83.4M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.927	+0.644%	$27.4M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.937	+0.722%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.921	+0.597%	$124.3M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.926	+0.636%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.922	+0.605%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.923	+0.613%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.924	+0.621%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.410%	$336K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	+0.334%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.844	long leg	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	+0.044%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	+0.037%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	+0.652%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	+0.308%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.914	+0.544%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.888	+0.340%	$10K	$62K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.867	+0.178%	$632K	$675K	75x
Extended LINK-USD	+0.0104%	1h	12.918	+0.577%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.888	+0.337%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	+0.099%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0208%	1h	12.893	+0.376%	$796K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.395%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.936	+0.714%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.888	+0.343%	$6.6M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.920	+0.593%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.903	+0.457%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0732%	1h	12.918	+0.573%	$344K	$33K	10x	as long as short