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: HTX against Gate−0.097%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$880.879% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.097%, 7d avg −0.068%

Together, before fees+0.159%+$16 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: HTX is 0.029% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.980	0.0100	pay 0.0100% / 8h	4h 28m	$128.4M	$12.9M	75x
Short	HTX LINK-USDT	12.967	0.0100	get 0.0100% / 8h	4h 28m	$636K	$694K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.068%: −$2.87
Slippage, 4 orders: −$60.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$90.77
Costs to cover: 0.879%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; HTX: live order book, 30 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, 5 min ago	1.94 bp	12.5 bp −$12	22.3 bp −$223	32.8 bp −$3,279	76.3 bp −$38.1K
Sell HTX live order book, 30 min ago	21.58 bp	34.5 bp −$35	199.6 bp −$1,996	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	12.991	+0.088%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.991	+0.084%	$549K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.993	+0.098%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.468%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.993	+0.100%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.989	+0.073%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.991	+0.085%	$945K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.882	−0.757%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.989	+0.070%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.982	+0.015%	$392K	$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	12.988	+0.061%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.987	+0.053%	$275K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.973	−0.058%	$120.0M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.971	−0.069%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.973	−0.054%	$27.4M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.997	+0.131%	$181K	$166K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.980	long leg	$128.4M	$12.9M	75x
MEXC LINK_USDT	+0.0100%	8h	12.972	−0.062%	$32.4M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.982	+0.015%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.978	−0.015%	$54.0M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.976	−0.031%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.949	−0.237%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	−0.223%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.963	−0.133%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	−0.508%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.000	+0.154%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.990	+0.080%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.243%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.993	+0.100%	$11K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.967	−0.097%	$636K	$694K	75x
Backpack LINK_USDC_PERP	+0.0103%	1h	12.990	+0.077%	$340K	$388K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.967	−0.097%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.993	+0.103%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0196%	1h	12.999	+0.144%	$776K	$197K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.987	+0.054%	$5.3M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0377%	1h	12.996	+0.123%	$81.4M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.993	+0.098%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0393%	1h	12.996	+0.121%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0510%	1h	12.989	+0.068%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0528%	8h	13.000	+0.154%	$20.1M	$11.4M	50x	as long as short