Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Gate−0.015%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.015%, 7d avg +0.006%

Together, before fees+0.056%+$6 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: Binance is 0.022% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.185	0.0100	pay 0.0100% / 8h	36m 57s	$130.6M	$12.7M	75x
Short	Binance LINKUSDT	13.183	0.0100	get 0.0100% / 8h	36m 57s	$122.7M	$304.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.006%: −$2.16
Slippage, 4 orders: −$15.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.7
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 7 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 Gate live order book, 2 min ago	1.51 bp	12.4 bp −$12	17.5 bp −$175	31.6 bp −$3,159	74.4 bp −$37.2K
Sell Binance live order book, 7 min ago	0.38 bp	6.4 bp −$6	10.9 bp −$109	28.8 bp −$2,878	106.0 bp −$53.0K

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	13.190	+0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.199	+0.108%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.192	+0.050%	$723K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.192	+0.051%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.204	+0.145%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.954%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.186	+0.008%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.186	+0.008%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.190	+0.041%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.190	+0.042%	$402K	$312K	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	13.189	+0.034%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.194	+0.067%	$277K	$150K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.183	−0.015%	$122.7M	$304.1M	75x
Bybit LINKUSDT	+0.0100%	8h	13.180	−0.038%	$85.0M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.184	−0.008%	$27.8M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.209	+0.182%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.185	long leg	$130.6M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.183	−0.015%	$36.7M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.188	+0.023%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.181	−0.030%	$54.8M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.183	−0.015%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.218	+0.249%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.202	+0.129%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.213	+0.213%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.209	+0.182%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.194	+0.068%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.186	+0.004%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.201	+0.125%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.186	+0.008%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.186	+0.008%	$649K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.180	−0.040%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.190	+0.040%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.202	+0.129%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.188	+0.023%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0278%	1h	13.199	+0.106%	$78.1M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0308%	1h	13.194	+0.068%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.188	+0.023%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0476%	8h	13.203	+0.137%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0476%	1h	13.194	+0.071%	$7.0M	$8.2M	50x	as long as short
dYdX LINK-USD	+0.0495%	1h	13.195	+0.079%	$349K	$48K	10x	as long as short