Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: edgeX against Gate−0.098%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 3 days (all we have)+0.205%+$20 · spread now −0.098%, 7d avg −0.004%

Together, before fees+0.291%+ Points / potential airdropedgeX: Active · farm board+$29 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: edgeX is 0.094% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.165	0.0100	pay 0.0100% / 8h	7h 46m	$130.4M	$12.2M	75x
Short	edgeX LINKUSDC	13.152	0.0100	get 0.0050% / 4h	3h 46m	$44K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.004%: −$9.45
Slippage, 4 orders: −$19.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.32
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 26 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	1.52 bp	14.0 bp −$14	21.1 bp −$211	37.4 bp −$3,737	79.2 bp −$39.6K
Sell edgeX live order book, 26 min ago	2.67 bp	7.2 bp −$7	10.3 bp −$103	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	13.162	−0.027%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.158	−0.057%	$467K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.164	−0.010%	$761K	$181K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.162	−0.027%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.811%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.154	−0.085%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.165	0.000%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.163	−0.015%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.146	−0.144%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.153	−0.087%	$403K	$313K	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	13.165	0.000%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.151	−0.109%	$276K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.159	−0.045%	$122.2M	$306.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.157	−0.061%	$84.8M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.157	−0.061%	$27.9M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.168	+0.023%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.165	long leg	$130.4M	$12.2M	75x
MEXC LINK_USDT	+0.0100%	8h	13.164	−0.008%	$36.5M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.169	+0.030%	$22.8M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.165	0.000%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.160	−0.038%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	−0.148%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.152	−0.098%	$44K	$310K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.150	−0.117%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.161	−0.030%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.158	−0.053%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.165	−0.004%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.168	+0.025%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.158	−0.053%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.139	−0.195%	$646K	$874K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.160	−0.036%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.159	−0.042%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.165	0.000%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0193%	1h	13.178	+0.099%	$365K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.162	−0.023%	$5.2M	$16.7M	75x	as long as short
dYdX LINK-USD	+0.0227%	1h	13.147	−0.138%	$348K	$48K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.164	−0.009%	$6.9M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.152	−0.100%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0476%	8h	13.175	+0.076%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0499%	1h	13.188	+0.175%	$80.1M	$24.8M	10x	as long as short