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 0.000%

Price spread now: KuCoin against HTX+0.175%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$670.670% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.175%, 7d avg +0.074%

Together, before fees−0.214%−$21 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 0.101% dearer against HTX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.120	0.0100	pay 0.0100% / 8h	3m 14s	$645K	$880K	75x
Short	KuCoin LINKUSDTM	13.143	0.0100	get 0.0100% / 8h	3m 14s	$22.8M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → +0.074%: $10.05
Slippage, 4 orders: −$42.98
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.93
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from HTX: live order book, 10 min ago; KuCoin: live order book, 6 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, 10 min ago	6.76 bp	12.8 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.38 bp	9.2 bp −$9	18.1 bp −$181	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	13.138	+0.138%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.128	+0.063%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.139	+0.146%	$727K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.140	+0.152%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.093	−0.206%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.489%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.134	+0.106%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.137	+0.130%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.136	+0.124%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.136	+0.125%	$400K	$310K	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	13.141	+0.156%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.140	+0.154%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.137	+0.132%	$122.1M	$305.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.136	+0.121%	$84.7M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.135	+0.114%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.149	+0.220%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.140	+0.152%	$130.3M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.138	+0.136%	$36.3M	$58.5M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.143	+0.175%	$22.8M	$15.2M	75x
Bitget LINKUSDT	+0.0100%	8h	13.137	+0.129%	$54.7M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.137	+0.129%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.086	−0.262%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.097	−0.174%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.096	−0.184%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.099	−0.161%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.142	+0.167%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.133	+0.095%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.153	+0.251%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.132	+0.091%	$5K	$35K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.120	long leg	$645K	$880K	75x
Extended LINK-USD	+0.0104%	1h	13.129	+0.065%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.138	+0.133%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.144	+0.182%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.146	+0.197%	$363K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.096	−0.184%	$5.2M	$16.2M	75x	as long as short
Hyperliquid LINK	+0.0289%	1h	13.154	+0.258%	$78.0M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.135	+0.112%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.140	+0.150%	$6.9M	$8.3M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.151	+0.236%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0509%	1h	13.135	+0.111%	$348K	$48K	10x	as long as short