Funding arb · Price arb /

LINK

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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 +0.002%

Price spread now: Paradex against Gate−0.139%45s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.139% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.202	0.0100	pay 0.0100% / 8h	7h 42m	$130.7M	$12.3M	75x
Short	Paradex LINK-USD-PERP	13.184	0.0100	get 0.0100% / 8h	7h 42m	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$0.07
Price spread: −0.139% → 0.000%: −$13.87
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.94
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.

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, 1 min ago	1.90 bp	14.1 bp −$14	22.7 bp −$227	37.2 bp −$3,718	79.5 bp −$39.7K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.201	−0.009%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.187	−0.111%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.199	−0.020%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0023%	1h	13.207	+0.037%	$764K	$182K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.075%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.308%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.198	−0.030%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.200	−0.019%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.184	−0.139%	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.194	−0.057%	$404K	$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	13.206	+0.030%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.100%	$276K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.200	−0.016%	$122.6M	$305.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.197	−0.038%	$85.1M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.198	−0.030%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	−0.023%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.202	long leg	$130.7M	$12.3M	75x
MEXC LINK_USDT	+0.0100%	8h	13.203	+0.008%	$36.9M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.207	+0.038%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.197	−0.038%	$54.9M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.198	−0.030%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.421%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.156	−0.347%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.161	−0.311%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.273%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.199	−0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.199	−0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.216	+0.104%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.198	−0.030%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.170	−0.242%	$648K	$871K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	−0.036%	$744K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.202	−0.001%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.198	−0.030%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0140%	8h	13.210	+0.061%	$20.4M	$11.6M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0197%	1h	13.212	+0.076%	$366K	$369K	15x	as long as short
dYdX LINK-USD	+0.0219%	1h	13.184	−0.138%	$349K	$48K	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.045%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.205	+0.019%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.194	−0.060%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0527%	1h	13.222	+0.151%	$80.8M	$25.0M	10x	as long as short