Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against HTX+0.570%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.557%−$56 · spread now +0.570%, 7d avg +0.053%

Together, before fees−0.555%+ Points / potential airdropedgeX: Active · farm board−$55 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 0.518% dearer against HTX than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.980	0.0100	pay 0.0100% / 8h	6h 54m	$641K	$870K	75x
Short	edgeX LINKUSDC	13.054	0.0100	get 0.0050% / 4h	2h 54m	$43K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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 HTXbpFee edgeXbpOrdersPrice spread, now +0.570%Rate

Funding earned: $0
Price spread: +0.570% → +0.053%: $51.76
Slippage, 4 orders: −$48.52
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$17.76
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from HTX: live order book, 14 min ago; edgeX: live order book, 13 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 HTX live order book, 14 min ago	20.97 bp	28.1 bp −$28	85.3 bp −$853	doesn't fit	doesn't fit
Sell edgeX live order book, 13 min ago	2.65 bp	7.2 bp −$7	10.5 bp −$105	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
ApeX Omni LINKUSDT	−0.0265%	1h	13.058	+0.599%	$152K	$670K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	12.993	+0.095%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.020	+0.305%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.002	+0.165%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	12.996	+0.122%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.471%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.056	+0.586%	$3K	$86K	10x	as long as short
dYdX LINK-USD	+0.0064%	1h	12.982	+0.017%	$344K	$48K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	12.992	+0.090%	$128K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.002	+0.167%	$996K	$2.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LINK	+0.0096%	1h	12.991	+0.079%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.033	+0.408%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.995	+0.113%	$397K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.991	+0.079%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.988	+0.057%	$272K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.983	+0.021%	$120.7M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.971	−0.072%	$83.6M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.969	−0.087%	$27.3M	$83.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.988	+0.059%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.971	−0.072%	$128.5M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.976	−0.033%	$34.5M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.985	+0.036%	$22.5M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.973	−0.056%	$53.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.969	−0.087%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.004	+0.183%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	+0.156%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.054	+0.570%	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.040	+0.460%	$587K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	+0.136%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.995	+0.115%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.242%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.996	+0.121%	$18K	$34K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.980	long leg	$641K	$870K	75x
Extended LINK-USD	+0.0104%	1h	12.965	−0.114%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.999	+0.145%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.989	+0.067%	$5.3M	$15.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.991	+0.083%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.004	+0.183%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0664%	8h	13.010	+0.229%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0785%	1h	13.004	+0.183%	$83.4M	$27.4M	10x	as long as short