Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: BingX against GRVT−0.091%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.091%, 7d avg −0.005%

Together, before fees+0.183%+ Points / potential airdropGRVT: Active · farm board+$18 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: BingX is 0.086% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LINK_USDT_Perp	13.100	0.0100	pay 0.0100% / 8h	11m 04s	$586K	$2.7M	10x
Short	BingX LINK-USDT	13.088	0.0100	get 0.0100% / 8h	11m 04s	—	$21.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.005%: −$8.62
Slippage, 4 orders: −$7.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.59
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; BingX: 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 GRVT live order book, 3 min ago	0.76 bp	6.1 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	1.14 bp	7.1 bp −$7	9.6 bp −$96	20.2 bp −$2,017	42.5 bp −$21.2K

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	13.088	−0.090%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.100	−0.001%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.092	−0.063%	$725K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.090	−0.078%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	+0.066%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.343%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.084	−0.121%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.087	−0.101%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.087	−0.101%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.090	−0.075%	$400K	$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	13.092	−0.059%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.092	−0.058%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.098	−0.016%	$121.7M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.103	+0.024%	$84.4M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.104	+0.031%	$27.5M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.106	+0.047%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.086	−0.106%	$129.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.104	+0.031%	$36.1M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.092	−0.060%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.106	+0.047%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	13.088	−0.091%	—	$21.3M	—
Variational Omni LINK	+0.0100%	8h	13.083	−0.132%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	+0.006%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perplong	+0.0100%	8h	13.100	long leg	$586K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	+0.047%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.089	−0.083%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.083	−0.128%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.100	−0.001%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.086	−0.106%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.085	−0.112%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.100	+0.001%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.088	−0.093%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.097	−0.022%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.097	−0.022%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.088	−0.091%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0291%	1h	13.104	+0.031%	$77.7M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.084	−0.120%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.094	−0.044%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0488%	8h	13.104	+0.031%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0552%	1h	13.094	−0.042%	$347K	$48K	10x	as long as short