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 +0.020%

Price spread now: HTX against GRVT−0.087%77s7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.574% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.087%, 7d avg −0.062%

Together, before fees+0.195%+ Points / potential airdropGRVT: Active · farm board+$20 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 0.024% cheaper against GRVT than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 77 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	GRVT LINK_USDT_Perp	13.196	0.0100	pay 0.0100% / 8h	7h 39m	$592K	$2.7M	10x
Short	HTX LINK-USDT	13.184	0.0100	get 0.0100% / 8h	7h 39m	$648K	$867K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.062%: −$2.42
Slippage, 4 orders: −$36.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$59.87
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; HTX: live order book, 34 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, 4 min ago	0.76 bp	8.4 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	6.76 bp	29.0 bp −$29	190.5 bp −$1,905	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 −0.0091% / S +0.0167%	1h	13.211	+0.118%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.214	+0.136%	$475K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.211	+0.119%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.030%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.260%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.210	+0.108%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.212	+0.124%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.208	+0.095%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.203	+0.053%	$405K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.213	+0.131%	$1.4M	$3.0M	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	13.198	+0.017%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.216	+0.154%	$122.7M	$304.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.214	+0.138%	$85.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.214	+0.138%	$27.9M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.176%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.215	+0.146%	$130.9M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.214	+0.138%	$36.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.214	+0.138%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.216	+0.154%	$55.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.218	+0.169%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	+0.013%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	−0.076%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perplong	+0.0100%	8h	13.196	long leg	$592K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.225%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.212	+0.123%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.211	+0.116%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.225	+0.224%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.210	+0.108%	$5K	$28K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.184	−0.087%	$648K	$867K	75x
Extended LINK-USD	+0.0104%	1h	13.211	+0.116%	$718K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.213	+0.127%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.206	+0.078%	$1.0M	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0144%	1h	13.217	+0.160%	$783K	$204K	50x	as long as short
dYdX LINK-USD	+0.0184%	1h	13.193	−0.017%	$349K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0209%	1h	13.228	+0.245%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.032%	$5.3M	$16.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.218	+0.168%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.207	+0.086%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0390%	8h	13.227	+0.237%	$20.5M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0550%	1h	13.237	+0.313%	$81.2M	$25.2M	10x	as long as short