Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.005%

Price spread now: edgeX against Extended+0.260%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.260%, 7d avg +0.039%

Together, before fees−0.073%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$7 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: edgeX is 0.222% dearer against Extended than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.849	0.0104	pay 0.0013% / 1h	41m 30s	$625K	$2.0M	25x
Short	edgeX LINKUSDC	12.882	0.0100	get 0.0050% / 4h	2h 41m	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.260%Rate

Funding earned: −$0.84
Price spread: +0.260% → +0.039%: $22.16
Slippage, 4 orders: −$10.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.56
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 7 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, 2 min ago	2.33 bp	5.6 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell edgeX live order book, 7 min ago	2.32 bp	6.9 bp −$7	10.1 bp −$101	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
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	12.849	−0.001%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.878	+0.231%	$509K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.849	−0.001%	$183K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.492%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.865	+0.127%	$101K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	+0.237%	$3K	$82K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0084%	1h	12.879	+0.236%	$787K	$228K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.864	+0.116%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.856	+0.059%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.862	+0.104%	$341K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.857	+0.065%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.866	+0.134%	$274K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.856	+0.054%	$118.9M	$301.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.852	+0.026%	$82.9M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.852	+0.026%	$27.2M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.872	+0.181%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.858	+0.072%	$123.9M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.850	+0.010%	$32.9M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.856	+0.057%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.855	+0.049%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.854	+0.041%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.878	+0.228%	$338K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.896	+0.370%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.882	+0.260%	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	+0.384%	$585K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.884	+0.275%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.859	+0.080%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.873	+0.186%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.886	+0.289%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.873	+0.189%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.860	+0.090%	$631K	$678K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.849	long leg	$625K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.873	+0.189%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.904	+0.430%	$916K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	+0.228%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0257%	1h	12.868	+0.150%	$80.3M	$27.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.877	+0.223%	$6.6M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.852	+0.027%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.889	+0.314%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.1042%	1h	12.862	+0.105%	$342K	$32K	10x	as long as short