Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)+0.308%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2972.972% of the position

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.443%−$44 · spread now +0.308%, 7d avg −0.025%

Together, before fees−0.346%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.332% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.894	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	8m 33s	$184K	—	150x
Short	edgeX LINKUSDC	12.934	0.0100	get 0.0050% / 4h	3h 08m	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now +0.308%Rate

Funding earned: $20.09
Price spread: +0.308% → −0.025%: $33.25
Slippage, 4 orders: −$278.23
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$243.88
Costs to cover: 2.972%
Break-even: 92.0 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 min ago; edgeX: live order book, 44 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 gTrade (Gains Network) virtual book (oracle venue), 41 min ago	130.07 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell edgeX live order book, 44 min ago	2.30 bp	6.8 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	12.892	−0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.905	+0.088%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	12.894	long leg	$184K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.831%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.892	−0.016%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.910	+0.125%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	+0.002%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.895	+0.008%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.889	−0.039%	$389K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.900	+0.043%	$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	12.898	+0.031%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.897	+0.020%	$119.6M	$300.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.892	−0.016%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.885	−0.070%	$27.3M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.914	+0.155%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.892	−0.016%	$127.7M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.897	+0.023%	$33.1M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.901	+0.054%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.887	−0.054%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.894	0.000%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.901	+0.054%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.902	+0.063%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.934	+0.308%	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.932	+0.295%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.936	+0.326%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.891	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.903	+0.067%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.008%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.109%	$632K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.892	−0.012%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.896	+0.019%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.903	+0.070%	$920K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.899	+0.039%	$788K	$215K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.901	+0.054%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.897	+0.022%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0300%	1h	12.907	+0.101%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.890	−0.032%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.914	+0.155%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0824%	1h	12.894	−0.004%	$342K	$32K	10x	as long as short