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 −0.007%

Price spread now: Paradex against edgeX−0.126%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.126% cheaper against edgeX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.933	0.0100	pay 0.0050% / 4h	42m 58s	$43K	$308K	20x
Short	Paradex LINK-USD-PERP	12.916	0.0100	get 0.0100% / 8h	42m 58s	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$0.03
Price spread: −0.126% → 0.000%: −$12.56
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.59
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 60 min ago; Paradex: no order-book sample. Net counts fees only.

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, 60 min ago	2.33 bp	6.8 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0087% / S +0.0165%	1h	12.912	−0.160%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0063%	8h	12.900	−0.251%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.914	−0.142%	$507K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.912	−0.160%	$808K	$268K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.911	−0.169%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.118%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.917	−0.118%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.905	−0.216%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.916	−0.126%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.913	−0.147%	$353K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.913	−0.151%	$80.9M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.899	−0.256%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.912	−0.159%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.891	−0.322%	$119.0M	$298.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.888	−0.344%	$83.3M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.887	−0.352%	$27.0M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.934	+0.012%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.898	−0.267%	$133.3M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.898	−0.267%	$34.4M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.902	−0.236%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.893	−0.305%	$53.9M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.892	−0.313%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.909	−0.182%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.924	−0.066%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.933	long leg	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.917	−0.120%	$587K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.921	−0.089%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	−0.112%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.903	−0.229%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.925	−0.058%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.905	−0.213%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.905	−0.210%	$631K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.906	−0.203%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.893	−0.309%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.908	−0.190%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.919	−0.104%	$930K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.904	−0.220%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.910	−0.175%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0502%	1h	12.911	−0.165%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0553%	8h	12.922	−0.081%	$20.0M	$11.4M	50x	as long as short