Settings8H · net · $10k
Funding arb · Price arb /

LINK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Polymarket Perps against Extended+0.121%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.337%−$34 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: 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: Polymarket Perps is 0.121% dearer against Extended than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LINK-USD12.9440.0104pay 0.0013% / 1h4m 22s$632K$2.0M25x
ShortPolymarket Perps LINK-USD12.9600.0100get 0.0013% / 1h4m 22s$81K$70K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
−$0.84
Price spread: +0.121% → 0.000%
$12.12
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$1.72
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; Polymarket Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago1.54 bp6.6 bp −$77.9 bp −$79doesn't fitdoesn't fit
Sell Polymarket Perps no order-book sample
Polymarket Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX LINK/USD [LINK-USDC]L −0.0089% / S +0.0166%1h12.951+0.053%$1.8M200xas long as short
Kalshi KXLINKPERP0.0000%8h12.951+0.052%$521K$2.3M3.7xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0006%1h12.947+0.025%$185K150xas long as short
Injective LINK/USDC PERP+0.0033%1h12.400−4.205%$4K$48K12xas long as short
Orderly PERP_LINK_USDC+0.0054%8h12.949+0.036%$117K$1.2M20xas long as short
Lighter LINK+0.0096%1h12.958+0.106%$1.9M$2.8M10xas long as short
Coinbase International LINK-PERP-INTX+0.0096%1h12.961+0.129%$941K$2.7M50xas long as short
Phoenix LINK+0.0099%1h12.978+0.261%$3K$84K10xas long as short
Paradex LINK-USD-PERP+0.0100%8h12.942−0.015%$31K$2K20xas long as short
Nado LINK-PERP+0.0100%1h12.943−0.010%$391K$310K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster LINKUSDT+0.0100%8h12.948+0.031%$1.2M$2.4M50xas long as short
Pacifica LINK+0.0100%1h12.944−0.005%$274K$178K10xas long as short
Binance LINKUSDT+0.0100%8h12.952+0.059%$119.8M$297.5M75xas long as short
Bybit LINKUSDT+0.0100%8h12.946+0.013%$83.6M$72.1M75xas long as short
OKX LINK-USDT-SWAP+0.0100%8h12.950+0.044%$27.4M$81.0M50xas long as short
Arcus LINK-USD+0.0100%1h12.962+0.137%$181K$166K10xas long as short
Gate LINK_USDT+0.0100%8h12.947+0.021%$128.2M$13.0M75xas long as short
MEXC LINK_USDT+0.0100%8h12.955+0.083%$32.8M$57.2M300xas long as short
KuCoin LINKUSDTM+0.0100%8h12.955+0.083%$22.7M$13.5M75xas long as short
Bitget LINKUSDT+0.0100%8h12.949+0.036%$53.9M$29.5M75xas long as short
BingX LINK-USDT+0.0100%8h12.951+0.052%$22.5Mas long as short
Backpack LINK_USDC_PERP+0.0100%1h12.952+0.059%$339K$387K15xas long as short
Variational Omni LINK+0.0100%8h12.943−0.008%$3.3M$1.7Mas long as short
edgeX LINKUSDC+0.0100%4h12.960+0.120%$43K$306K20xas long as short
GRVT LINK_USDT_Perp+0.0100%8h12.958+0.104%$592K$2.7M10xas long as short
ApeX Omni LINKUSDT+0.0100%1h12.966+0.168%$133K$675K50xas long as short
Polymarket Perps LINK-USDshort+0.0100%1h12.960+0.121%$81K$70K10x
Derive LINK-PERP+0.0100%1h12.949+0.033%$16K$22K10xas long as short
SunX LINK-USDT+0.0100%8h12.972+0.210%$33K$1.5M30xas long as short
SoDEX LINK-USD+0.0100%1h12.953+0.067%$11K$63K10xas long as short
HTX LINK-USDT+0.0100%8h12.889−0.427%$632K$694K75xas long as short
Extended LINK-USDlong+0.0104%1h12.944long leg$632K$2.0M25x
Aevo LINK-PERP+0.0104%1h12.952+0.056%$543K$2K3xas long as short
BloFin LINK-USDT+0.0220%8h12.941−0.026%$5.2M$15.7M75xas long as short
Deribit LINK_USDC-PERPETUAL+0.0229%1h12.956+0.093%$779K$202K50xas long as short
Hyperliquid LINK+0.0384%1h12.968+0.183%$81.2M$27.4M10xas long as short
Reya LINKRUSDPERP+0.0391%1h12.952+0.059%$4K20xas long as short
Kraken Futures PF_LINKUSD+0.0394%1h12.963+0.145%$6.7M$8.1M50xas long as short
dYdX LINK-USD+0.0421%1h12.943−0.008%$343K$30K10xas long as short
Phemex LINKUSDT+0.0544%8h12.969+0.191%$20.0M$11.4M50xas long as short