Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)−0.058%7-day average −0.085% · 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−$336as in the Price arb table

costs, in and out, $10k−$3393.387% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.058%, 7d avg −0.085%

Together, before fees+0.047%+$5 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 HTX is 0.027% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.175	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	7m 01s	$134K	—	150x
Short	HTX LINK-USDT	13.168	0.0100	get 0.0100% / 8h	7h 07m	$649K	$866K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $20.16
Price spread: −0.058% → −0.085%: $2.69
Slippage, 4 orders: −$316.71
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$315.86
Costs to cover: 3.387%
Break-even: 116.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 62 min ago; HTX: 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), 62 min ago	130.01 bp	141.0 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell HTX live order book, 2 min ago	20.97 bp	27.1 bp −$27	180.0 bp −$1,800	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	13.174	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.054%	$464K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0007%	1h	13.175	long leg	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.883%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.189	+0.106%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0069%	1h	13.181	+0.046%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.174	−0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.174	−0.007%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.239	+0.488%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.177	+0.011%	$404K	$307K	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	13.179	+0.030%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.185	+0.072%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.172	−0.025%	$122.2M	$297.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.166	−0.069%	$84.8M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.164	−0.084%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.196	+0.159%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.174	−0.008%	$130.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.174	−0.008%	$36.5M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.179	+0.030%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.172	−0.024%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.176	+0.007%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.044%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.193	+0.138%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.068%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.199	+0.181%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.022%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.174	−0.011%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.108%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	−0.016%	$14K	$32K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.168	−0.058%	$649K	$866K	75x
Extended LINK-USD	+0.0104%	1h	13.171	−0.030%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	+0.007%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.183	+0.060%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0162%	1h	13.180	+0.037%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.169	−0.046%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	+0.046%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.169	−0.043%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0438%	1h	13.183	+0.062%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0486%	8h	13.190	+0.113%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0548%	1h	13.191	+0.121%	$81.5M	$25.0M	10x	as long as short