Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: Gate against Extended−0.035%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.035%, 7d avg +0.051%

Together, before fees+0.020%+ Points / potential airdropExtended: Active · farm board+$2 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: Gate is 0.086% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.952	0.0104	pay 0.0013% / 1h	31m 40s	$628K	$2.0M	25x
Short	Gate LINK_USDT	12.947	0.0100	get 0.0100% / 8h	4h 31m	$128.0M	$12.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$0.84
Price spread: −0.035% → +0.051%: −$8.62
Slippage, 4 orders: −$16.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.03
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Gate: live order book, 2 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	1.16 bp	5.9 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.94 bp	13.2 bp −$13	20.6 bp −$206	33.9 bp −$3,389	78.5 bp −$39.3K

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	12.935	−0.128%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.938	−0.102%	$488K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.936	−0.123%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.259%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.936	−0.120%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.951	−0.004%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	−0.367%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.882	−0.539%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.957	+0.041%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.945	−0.051%	$391K	$311K	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	12.949	−0.018%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.952	+0.005%	$275K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.959	+0.056%	$119.9M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.954	+0.019%	$83.6M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.954	+0.019%	$27.3M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.968	+0.127%	$181K	$166K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.947	−0.035%	$128.0M	$12.9M	75x
MEXC LINK_USDT	+0.0100%	8h	12.956	+0.034%	$32.5M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.955	+0.027%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.955	+0.027%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.952	+0.003%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.950	−0.012%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.860	−0.705%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	−0.520%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.887	−0.501%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	−0.290%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.942	−0.074%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.935	−0.129%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.953	+0.010%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.941	−0.082%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.904	−0.366%	$632K	$693K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.952	long leg	$628K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.940	−0.086%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.921	−0.236%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0283%	1h	12.946	−0.041%	$773K	$197K	50x	as long as short
Hyperliquid LINK	+0.0378%	1h	12.961	+0.073%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.931	−0.156%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.944	−0.055%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0547%	1h	12.953	+0.008%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.953	+0.011%	$20.0M	$11.4M	50x	as long as short