Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%

Price spread now: HTX against Extended−0.047%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.047%, 7d avg −0.026%

Together, before fees+0.073%+ Points / potential airdropExtended: 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: HTX is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.198	0.0104	pay 0.0013% / 1h	38m 39s	$700K	$1.9M	25x
Short	HTX LINK-USDT	13.191	0.0100	get 0.0100% / 8h	7h 38m	$649K	$867K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$0.84
Price spread: −0.047% → −0.026%: −$2.17
Slippage, 4 orders: −$36.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$56.85
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; HTX: live order book, 35 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, 5 min ago	1.14 bp	5.6 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell HTX live order book, 35 min ago	6.76 bp	29.0 bp −$29	190.5 bp −$1,905	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 −0.0091% / S +0.0167%	1h	13.195	−0.021%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.189	−0.066%	$474K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.183	−0.109%	$781K	$204K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.192	−0.040%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.044%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.204	+0.050%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.184	−0.104%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.189	−0.066%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.195	−0.018%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.211	+0.101%	$405K	$309K	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	13.195	−0.019%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.195	−0.018%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	+0.002%	$122.5M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.195	−0.021%	$85.1M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.196	−0.013%	$27.9M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.223	+0.191%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	−0.059%	$130.6M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.194	−0.028%	$36.6M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.202	+0.032%	$22.9M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.190	−0.059%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.191	−0.051%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	−0.002%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.200	+0.021%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.015%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.201	+0.025%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.207	+0.070%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.183	−0.114%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.219	+0.160%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.178	−0.149%	$5K	$28K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.191	−0.047%	$649K	$867K	75x
Extended LINK-USDlong	+0.0104%	1h	13.198	long leg	$700K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.180	−0.137%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	−0.066%	$1.0M	$2.8M	50x	as long as short
dYdX LINK-USD	+0.0167%	1h	13.188	−0.075%	$349K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.193	−0.036%	$367K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.178	−0.149%	$5.2M	$16.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.184	−0.105%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.202	+0.029%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0383%	8h	13.198	+0.002%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0556%	1h	13.210	+0.093%	$81.2M	$24.6M	10x	as long as short