Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended+0.062%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.062%, 7d avg +0.058%

Together, before fees−0.042%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.897	0.0104	pay 0.0013% / 1h	50m 48s	$629K	$2.0M	25x
Short	Binance LINKUSDT	12.905	0.0100	get 0.0100% / 8h	1h 50m	$119.0M	$301.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: −$0.84
Price spread: +0.062% → +0.058%: $0.48
Slippage, 4 orders: −$8.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.46
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Binance: live order book, 8 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 Extended live order book, 3 min ago	1.94 bp	5.2 bp −$5	6.7 bp −$67	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.39 bp	6.9 bp −$7	12.7 bp −$127	32.3 bp −$3,231	121.3 bp −$60.7K

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	12.898	+0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.903	+0.048%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.896	−0.008%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0011%	8h	12.889	−0.062%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.854%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.893	−0.028%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	−0.009%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.881	−0.123%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.109%	$349K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.902	+0.042%	$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	12.887	−0.079%	$274K	$183K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.905	+0.062%	$119.0M	$301.7M	75x
Bybit LINKUSDT	+0.0100%	8h	12.900	+0.023%	$83.3M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.904	+0.054%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.046%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.898	+0.007%	$124.1M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.904	+0.054%	$33.4M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.903	+0.046%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.902	+0.038%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.902	+0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	−0.052%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	−0.038%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	−0.024%	$585K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.897	0.000%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.895	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	−0.005%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.896	−0.008%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.877	−0.153%	$631K	$786K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.897	long leg	$629K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.899	+0.015%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.914	+0.131%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	12.907	+0.077%	$336K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.900	+0.027%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.891	−0.047%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0262%	1h	12.903	+0.048%	$807K	$259K	50x	as long as short
Hyperliquid LINK	+0.0318%	1h	12.922	+0.193%	$80.6M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.894	−0.023%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0573%	8h	12.899	+0.015%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0919%	1h	12.887	−0.079%	$343K	$33K	10x	as long as short