Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.019%

Price spread now: Gate against gTrade (Gains Network)−0.008%7-day average −0.017% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3123.119% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now −0.008%, 7d avg −0.017%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.161	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	32m 26s	$133K	—	150x
Short	Gate LINK_USDT	13.160	0.0100	get 0.0100% / 8h	32m 26s	$130.4M	$12.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.008%Rate

Funding earned: $20.17
Price spread: −0.008% → −0.017%: $0.85
Slippage, 4 orders: −$286.92
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$290.9
Costs to cover: 3.119%
Break-even: 107.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 42 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 gTrade (Gains Network) virtual book (oracle venue), 42 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Gate live order book, 2 min ago	1.90 bp	16.9 bp −$17	21.5 bp −$215	35.7 bp −$3,565	77.9 bp −$38.9K

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	13.160	−0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	+0.072%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.166	+0.040%	$727K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	13.161	long leg	$133K	—	150x
Phoenix LINK	+0.0012%	1h	13.171	+0.074%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.783%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.155	−0.046%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	+0.006%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.158	−0.021%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	−0.024%	$401K	$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	13.168	+0.052%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.028%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.158	−0.022%	$122.4M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	−0.039%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.158	−0.024%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.180	+0.144%	$185K	$172K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	13.160	−0.008%	$130.4M	$12.8M	75x
MEXC LINK_USDT	+0.0100%	8h	13.161	−0.001%	$36.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.168	+0.052%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	−0.054%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.159	−0.016%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.159%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.216%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.182%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.178	+0.128%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.167	+0.045%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.155	−0.050%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+0.127%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.161	−0.001%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.152	−0.065%	$647K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.161	−0.003%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.035%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+0.098%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	−0.024%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0273%	1h	13.174	+0.098%	$77.9M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0279%	1h	13.167	+0.045%	$363K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	−0.027%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.170	+0.069%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0478%	8h	13.179	+0.136%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0652%	1h	13.164	+0.025%	$349K	$48K	10x	as long as short