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 +0.010%

Price spread now: SunX against Gate+0.056%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.056%, 7d avg +0.108%

Together, before fees+0.120%+$12 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: SunX is 0.052% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.986	0.0100	pay 0.0100% / 8h	3h 33m	$128.7M	$12.9M	75x
Short	SunX LINK-USDT	12.993	0.0100	get 0.0100% / 8h	3h 33m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.108%: −$5.2
Slippage, 4 orders: −$42.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$70.27
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; SunX: live order book, 12 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, 1 min ago	1.54 bp	14.0 bp −$14	17.4 bp −$174	34.0 bp −$3,403	76.9 bp −$38.4K
Sell SunX live order book, 12 min ago	13.67 bp	19.2 bp −$19	doesn't fit	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 −0.0089% / S +0.0166%	1h	12.985	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.987	+0.010%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.985	−0.005%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.513%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.982	−0.031%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.167%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.985	−0.008%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	−0.019%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.985	−0.006%	$392K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.987	+0.008%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.982	−0.031%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.989	+0.019%	$120.8M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.983	−0.023%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.987	+0.008%	$27.5M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.001	+0.116%	$182K	$167K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.986	long leg	$128.7M	$12.9M	75x
MEXC LINK_USDT	+0.0100%	8h	12.988	+0.015%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.991	+0.039%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.986	0.000%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.984	−0.015%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.992	+0.046%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.075%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.984	−0.014%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	−0.006%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.013	+0.208%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	+0.015%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.985	−0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.993	+0.056%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.985	−0.008%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.967	−0.148%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.984	−0.017%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.987	+0.008%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	+0.008%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	12.992	+0.045%	$789K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.986	0.000%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	+0.028%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0354%	1h	13.000	+0.108%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.981	−0.040%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0538%	8h	13.002	+0.123%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0610%	1h	12.984	−0.013%	$344K	$30K	10x	as long as short