Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against edgeX+0.058%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

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

costs, in and out, $10k−$370.371% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.058%, 7d avg +0.024%

Together, before fees−0.446%+ Points / potential airdropedgeX: Active · Pacifica: 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: Pacifica is 0.033% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.057	0.0100	pay 0.0050% / 4h	3h 05m	$43K	$308K	20x
Short	Pacifica LINK	13.064	0.0100	get 0.0013% / 1h	5m 06s	$278K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.024%: $3.33
Slippage, 4 orders: −$20.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$33.78
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; Pacifica: 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	2.72 bp	7.3 bp −$7	11.3 bp −$113	doesn't fit	doesn't fit
Sell Pacifica live order book, 28 min ago	5.06 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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	−0.0128%	8h	13.054	−0.023%	$91K	$916K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.071	+0.106%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.072	+0.111%	$501K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.070	+0.099%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.031%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.065	+0.063%	$6.5M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.062	+0.040%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.060	+0.023%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.064	+0.051%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.053	−0.026%	$351K	$315K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.069	+0.091%	$81.6M	$27.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.062	+0.038%	$1.3M	$2.4M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.064	+0.058%	$278K	$172K	10x
Binance LINKUSDT	+0.0100%	8h	13.055	−0.015%	$120.7M	$287.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.053	−0.030%	$84.6M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.058	+0.008%	$27.5M	$77.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.078	+0.161%	$183K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.063	+0.046%	$135.2M	$18.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.060	+0.023%	$36.3M	$60.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.066	+0.069%	$23.2M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.054	−0.023%	$54.6M	$28.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.059	+0.016%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.064	+0.054%	$339K	$371K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.065	+0.064%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.057	long leg	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.057	−0.001%	$591K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.066	+0.069%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.062	+0.039%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.068	+0.082%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.061	+0.031%	$15K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.151%	$626K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.056	−0.010%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.062	+0.042%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.050	−0.053%	$937K	$3.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0194%	1h	13.066	+0.073%	$872K	$322K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.062	+0.039%	$5.3M	$16.1M	75x	as long as short
Phemex LINKUSDT	+0.0262%	8h	13.074	+0.131%	$20.2M	$11.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.052	−0.038%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0869%	1h	13.069	+0.091%	$351K	$48K	10x	as long as short