Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: SoDEX against edgeX−0.452%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.452% cheaper against edgeX than usual: you would sell low and buy high, −$45 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	12.943	0.0100	pay 0.0050% / 4h	48m 47s	$43K	$306K	20x
Short	SoDEX LINK-USD	12.885	0.0100	get 0.0013% / 1h	48m 47s	$11K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.452%Rate

Funding earned: $0
Price spread: −0.452% → 0.000%: −$45.15
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$62.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 9 min ago; SoDEX: 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, 9 min ago	1.94 bp	8.0 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0090% / S +0.0167%	1h	12.883	−0.464%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.895	−0.377%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.883	−0.463%	$158K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0022%	1h	12.889	−0.418%	$769K	$189K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.199%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.880	−0.490%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.886	−0.446%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.884	−0.459%	$939K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	−0.143%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.896	−0.365%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.893	−0.394%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.888	−0.427%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.896	−0.364%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.886	−0.446%	$119.1M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.882	−0.475%	$83.2M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.888	−0.428%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.904	−0.305%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.885	−0.452%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.889	−0.421%	$32.2M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.896	−0.367%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.883	−0.467%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.885	−0.452%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.891	−0.405%	$338K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	−0.311%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.943	long leg	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	−0.038%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	−0.227%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.889	−0.421%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.881	−0.482%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.900	−0.337%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.885	−0.452%	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.883	−0.463%	$631K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.887	−0.433%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.889	−0.419%	$541K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	−0.444%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0380%	1h	12.896	−0.367%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	−0.502%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.887	−0.434%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0608%	8h	12.901	−0.328%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0770%	1h	12.896	−0.367%	$342K	$30K	10x	as long as short