Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Gate−0.023%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.023%, 7d avg −0.014%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.944	0.0100	pay 0.0100% / 8h	4h 05m	$128.2M	$13.0M	75x
Short	Bybit LINKUSDT	12.941	0.0100	get 0.0100% / 8h	4h 05m	$83.5M	$72.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.014%: −$0.92
Slippage, 4 orders: −$20.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.01
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	1.16 bp	14.0 bp −$14	20.2 bp −$202	32.4 bp −$3,237	76.6 bp −$38.3K
Sell Bybit live order book, 4 min ago	0.38 bp	6.8 bp −$7	13.4 bp −$134	36.8 bp −$3,675	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	12.944	+0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.948	+0.033%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.945	+0.012%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.203%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.943	−0.008%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.946	+0.016%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.077%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.978	+0.263%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.950	+0.043%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.938	−0.050%	$391K	$310K	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	12.948	+0.032%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.948	+0.029%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.946	+0.015%	$119.7M	$297.4M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.941	−0.023%	$83.5M	$72.1M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.941	−0.023%	$27.4M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.147%	$181K	$166K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.944	long leg	$128.2M	$13.0M	75x
MEXC LINK_USDT	+0.0100%	8h	12.944	0.000%	$32.7M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.950	+0.046%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.942	−0.015%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.942	−0.015%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.952	+0.062%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	−0.006%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.123%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	+0.107%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.966	+0.170%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.950	+0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.944	+0.001%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.962	+0.137%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.946	+0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.935	−0.073%	$635K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.941	−0.025%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.948	+0.035%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	12.951	+0.056%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.941	−0.023%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0383%	1h	12.960	+0.124%	$81.1M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.941	−0.023%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.950	+0.048%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0396%	1h	12.943	−0.006%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0544%	8h	12.962	+0.139%	$20.0M	$11.3M	50x	as long as short