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: KuCoin against edgeX+0.147%98s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as 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−$370.369% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.931%−$93 · spread now +0.147%, 7d avg +0.011%

Together, before fees−1.014%+ Points / potential airdropedgeX: Active · farm board−$101 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: KuCoin is 0.136% dearer against edgeX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 98 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	12.882	0.0100	pay 0.0050% / 4h	3h 59m	$43K	$308K	20x
Short	KuCoin LINKUSDTM	12.901	0.0100	get 0.0100% / 8h	7h 59m	$22.9M	$12.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.011%: $13.58
Slippage, 4 orders: −$15.94
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.36
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; KuCoin: live order book, 9 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, 38 min ago	2.33 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	0.77 bp	10.8 bp −$11	20.2 bp −$202	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
Orderly PERP_LINK_USDC	−0.0098%	8h	12.886	+0.030%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.893	+0.087%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.899	+0.129%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.893	+0.084%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.743%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.894	+0.095%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.898	+0.127%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.892	+0.079%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.887	+0.042%	$348K	$336K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.898	+0.122%	$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	12.892	+0.079%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.898	+0.123%	$119.2M	$298.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.890	+0.061%	$83.5M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.895	+0.100%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.910	+0.216%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.897	+0.116%	$133.9M	$18.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.896	+0.108%	$34.7M	$58.9M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.901	+0.147%	$22.9M	$12.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.894	+0.092%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.895	+0.100%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.907	+0.193%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.879	−0.026%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.882	long leg	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.889	+0.054%	$578K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.881	−0.009%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.896	+0.108%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.909	+0.206%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.895	+0.100%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.840	−0.329%	$627K	$751K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.899	+0.134%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.890	+0.065%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.901	+0.147%	$541K	$2K	3x	as long as short
Hyperliquid LINK	+0.0133%	1h	12.908	+0.201%	$80.5M	$27.9M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.893	+0.084%	$930K	$3.0M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	+0.022%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0262%	1h	12.902	+0.156%	$807K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.890	+0.060%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0547%	1h	12.886	+0.033%	$343K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.911	+0.224%	$19.9M	$11.4M	50x	as long as short