Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%

Price spread now: Extended against Gate−0.034%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.034%, 7d avg −0.051%

Together, before fees+0.050%+ Points / potential airdropExtended: Active · farm board+$5 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	12.956	0.0100	pay 0.0100% / 8h	4h 31m	$128.0M	$12.9M	75x
Short	Extended LINK-USD	12.952	0.0104	get 0.0013% / 1h	31m 26s	$628K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.84
Price spread: −0.034% → −0.051%: $1.68
Slippage, 4 orders: −$16.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.05
Costs to cover: 0.366%
Break-even: 290.8 days

Slippage from Gate: live order book, 3 min ago; Extended: 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 Gate live order book, 3 min ago	1.94 bp	12.5 bp −$12	22.3 bp −$223	32.8 bp −$3,279	76.3 bp −$38.1K
Sell Extended live order book, 2 min ago	1.16 bp	5.0 bp −$5	6.5 bp −$65	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 −0.0090% / S +0.0167%	1h	12.955	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.938	−0.137%	$488K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.956	−0.002%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.291%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.954	−0.015%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.951	−0.038%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.904	−0.401%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.882	−0.573%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.957	+0.007%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.945	−0.085%	$391K	$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	12.956	+0.004%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.952	−0.029%	$275K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.958	+0.015%	$119.9M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.953	−0.023%	$83.5M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.953	−0.023%	$27.3M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.968	+0.093%	$181K	$166K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.956	long leg	$128.0M	$12.9M	75x
MEXC LINK_USDT	+0.0100%	8h	12.958	+0.015%	$32.5M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.960	+0.031%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.956	0.000%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.956	0.000%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.950	−0.046%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.860	−0.739%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	−0.554%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.887	−0.535%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	−0.324%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.963	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.935	−0.163%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.953	−0.025%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.941	−0.116%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.904	−0.400%	$632K	$693K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.952	−0.034%	$628K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.940	−0.120%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.921	−0.270%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0283%	1h	12.946	−0.075%	$773K	$197K	50x	as long as short
Hyperliquid LINK	+0.0380%	1h	12.973	+0.131%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.954	−0.012%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0395%	1h	12.944	−0.089%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0547%	1h	12.953	−0.027%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.953	−0.023%	$20.0M	$11.4M	50x	as long as short