Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: edgeX against GRVT−0.040%7-day average −0.001% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.040%, 7d avg −0.001%

Together, before fees+0.191%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$19 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: edgeX is 0.039% cheaper against GRVT than usual: you would sell low and buy high, −$4 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	GRVT LINK_USDT_Perp	12.990	0.0100	pay 0.0100% / 8h	6h 08m	$586K	$2.7M	10x
Short	edgeX LINKUSDC	12.985	0.0100	get 0.0050% / 4h	2h 08m	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.001%: −$3.9
Slippage, 4 orders: −$11.71
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.61
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; edgeX: live order book, 60 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, 6 min ago	0.77 bp	9.7 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell edgeX live order book, 60 min ago	2.65 bp	7.2 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit

LINK on 39 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	12.985	−0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.990	−0.001%	$468K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.984	−0.048%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.542%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.992	+0.017%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.984	−0.046%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.978	−0.092%	$950K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.980	−0.075%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.965	−0.192%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.977	−0.098%	$395K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.985	−0.040%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.965	−0.191%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.981	−0.068%	$119.4M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.977	−0.100%	$83.8M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.980	−0.077%	$27.3M	$82.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.982	−0.062%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.979	−0.085%	$128.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.981	−0.069%	$33.0M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.984	−0.046%	$23.0M	$14.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.980	−0.077%	$53.9M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.979	−0.085%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.979	−0.083%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.985	−0.040%	$43K	$305K	20x
GRVT LINK_USDT_Perplong	+0.0100%	8h	12.990	long leg	$586K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.038%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.984	−0.046%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.984	−0.048%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.997	+0.053%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.985	−0.038%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.962	−0.213%	$639K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.977	−0.100%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.988	−0.019%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0128%	1h	12.990	0.000%	$338K	$380K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0220%	1h	12.990	+0.003%	$771K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.977	−0.101%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0447%	1h	12.960	−0.233%	$343K	$34K	10x	as long as short
Hyperliquid LINK	+0.0465%	1h	12.996	+0.046%	$80.8M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.984	−0.043%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0633%	8h	12.998	+0.062%	$20.1M	$11.5M	50x	as long as short