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: SunX against GRVT0.000%74s7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$510.512% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now 0.000%, 7d avg +0.123%

Together, before fees+0.301%+ Points / potential airdropGRVT: Active · farm board+$30 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 0.123% cheaper against GRVT than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.123%. The two prices were read 74 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	13.156	0.0100	pay 0.0100% / 8h	29m 38s	$593K	$2.7M	10x
Short	SunX LINK-USDT	13.156	0.0100	get 0.0100% / 8h	29m 38s	$34K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.123%: −$12.26
Slippage, 4 orders: −$34.17
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$63.43
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; SunX: live order book, 5 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	1.14 bp	6.9 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell SunX live order book, 5 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 −0.0091% / S +0.0167%	1h	13.144	−0.091%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.151	−0.040%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.145	−0.090%	$725K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.145	−0.088%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.109%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.749%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.139	−0.132%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.143	−0.102%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.142	−0.109%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.139	−0.136%	$401K	$311K	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	13.140	−0.124%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.147	−0.074%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.144	−0.094%	$122.3M	$304.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.141	−0.117%	$84.7M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.146	−0.079%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.161	+0.035%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.138	−0.140%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.145	−0.087%	$36.6M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.147	−0.071%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.142	−0.109%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.145	−0.087%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.079%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	+0.043%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perplong	+0.0100%	8h	13.156	long leg	$593K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.173	+0.126%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.146	−0.079%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.139	−0.132%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.156	0.000%	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.137	−0.147%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.122	−0.258%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.134	−0.174%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.144	−0.098%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.148	−0.064%	$995K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.151	−0.041%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0252%	1h	13.148	−0.064%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0276%	1h	13.157	+0.005%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.141	−0.117%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.147	−0.068%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.156	−0.003%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0670%	1h	13.142	−0.113%	$348K	$48K	10x	as long as short