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 +0.020%

Price spread now: KuCoin against GRVT+0.047%53s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$400.397% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.047%, 7d avg −0.006%

Together, before fees−0.063%+ Points / potential airdropGRVT: Active · farm board−$6 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: KuCoin is 0.053% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 53 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 38m	$592K	$2.7M	10x
Short	KuCoin LINKUSDTM	13.202	0.0100	get 0.0100% / 8h	7h 38m	$22.9M	$14.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.006%: $5.3
Slippage, 4 orders: −$18.7
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.4
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	0.76 bp	8.4 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.14 bp	11.1 bp −$11	19.8 bp −$198	59.6 bp −$5,959	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	13.195	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.189	−0.051%	$474K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.183	−0.094%	$781K	$204K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.192	−0.025%	$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	13.204	+0.065%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.184	−0.089%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.189	−0.051%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.195	−0.003%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.211	+0.116%	$405K	$309K	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	13.195	−0.004%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.195	−0.002%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	+0.017%	$122.5M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.195	−0.006%	$85.1M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.196	+0.002%	$27.9M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.223	+0.207%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	−0.043%	$130.6M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.194	−0.013%	$36.6M	$58.4M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.202	+0.047%	$22.9M	$14.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.190	−0.043%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.191	−0.036%	—	$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	13.200	+0.036%	$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	13.201	+0.040%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.207	+0.085%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.183	−0.099%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.219	+0.176%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.178	−0.134%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.191	−0.032%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.198	+0.015%	$700K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.180	−0.122%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	−0.051%	$1.0M	$2.8M	50x	as long as short
dYdX LINK-USD	+0.0167%	1h	13.188	−0.059%	$349K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.193	−0.021%	$367K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.178	−0.134%	$5.2M	$16.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.184	−0.090%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.202	+0.044%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0383%	8h	13.198	+0.017%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0556%	1h	13.210	+0.108%	$81.2M	$24.6M	10x	as long as short