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 −0.010%

Price spread now: GRVT against Gate+0.347%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.319%−$32 · spread now +0.347%, 7d avg +0.001%

Together, before fees−0.335%+ Points / potential airdropGRVT: Active · farm board−$34 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: GRVT is 0.345% dearer against Gate than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.029	0.0100	pay 0.0100% / 8h	6h 57m	$129.0M	$12.0M	75x
Short	GRVT LINK_USDT_Perp	13.074	0.0100	get 0.0100% / 8h	6h 57m	$589K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → +0.001%: $34.54
Slippage, 4 orders: −$24.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.58
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; GRVT: 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, 2 min ago	1.92 bp	13.8 bp −$14	26.0 bp −$260	47.0 bp −$4,701	90.9 bp −$45.4K
Sell GRVT live order book, 2 min ago	2.68 bp	10.1 bp −$10	26.0 bp −$260	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	13.042	+0.100%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.066	+0.284%	$463K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.046	+0.127%	$775K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.044	+0.116%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.828%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.118	+0.684%	$4K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	13.040	+0.084%	$131K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.066	+0.284%	$1.0M	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.040	+0.084%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.107	+0.602%	$32K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.060	+0.242%	$399K	$305K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.047	+0.135%	$1.3M	$3.0M	50x	as long as short
dYdX LINK-USD	+0.0100%	1h	13.054	+0.195%	$346K	$48K	10x	as long as short
Pacifica LINK	+0.0100%	1h	13.058	+0.223%	$274K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.034	+0.038%	$121.0M	$299.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.032	+0.023%	$84.1M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.033	+0.031%	$27.3M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.074	+0.345%	$183K	$167K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.029	long leg	$129.0M	$12.0M	75x
MEXC LINK_USDT	+0.0100%	8h	13.033	+0.031%	$34.8M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.037	+0.061%	$22.6M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.027	−0.015%	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.024	−0.038%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.038	+0.069%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.052	+0.178%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.071	+0.322%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.074	+0.347%	$589K	$2.6M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.080	+0.391%	$152K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.067	+0.292%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.041	+0.090%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.056	+0.208%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.036	+0.054%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.042	+0.102%	$644K	$869K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.026	−0.022%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.043	+0.109%	$547K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.037	+0.061%	$5.3M	$15.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.045	+0.123%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.047	+0.136%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	13.056	+0.207%	$20.2M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0835%	1h	13.058	+0.226%	$83.1M	$26.7M	10x	as long as short