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: GRVT against HTX+0.432%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on HTX Short on GRVT

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)−0.441%−$44 · spread now +0.432%, 7d avg +0.062%

Together, before fees−0.540%+ Points / potential airdropGRVT: Active · farm board−$54 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: GRVT is 0.369% dearer against HTX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.145	0.0100	pay 0.0100% / 8h	7h 21m	$647K	$850K	75x
Short	GRVT LINK_USDT_Perp	13.202	0.0100	get 0.0100% / 8h	7h 21m	$601K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.432%Rate

Funding earned: $0
Price spread: +0.432% → +0.062%: $36.91
Slippage, 4 orders: −$37.33
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.42
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from HTX: live order book, 52 min ago; GRVT: live order book, 3 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, 52 min ago	6.76 bp	12.8 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	1.14 bp	9.1 bp −$9	13.8 bp −$138	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	13.162	+0.124%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.166	+0.157%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	+0.121%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.670%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.363%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.160	+0.112%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.163	+0.135%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.215	+0.529%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	+0.081%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.159	+0.108%	$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	13.156	+0.083%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.159	+0.106%	$122.3M	$301.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.156	+0.081%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.156	+0.081%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.218%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.158	+0.097%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	+0.089%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.167	+0.165%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.156	+0.081%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.158	+0.097%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.092%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.201%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.202	+0.432%	$601K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.234%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.162	+0.127%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	+0.111%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.176	+0.232%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.163	+0.135%	$14K	$32K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.145	long leg	$647K	$850K	75x
Extended LINK-USD	+0.0104%	1h	13.159	+0.104%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.164	+0.143%	$552K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0115%	1h	13.169	+0.183%	$782K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.162	+0.127%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.169	+0.180%	$366K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.150%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.205%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.158	+0.097%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0439%	1h	13.153	+0.061%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0563%	1h	13.175	+0.226%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0635%	8h	13.179	+0.256%	$20.4M	$11.6M	50x	as long as short