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: SunX against HTX+0.232%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on HTX Short on SunX

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)−0.087%−$9 · spread now +0.232%, 7d avg +0.170%

Together, before fees−0.084%−$8 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 0.062% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.079	0.0100	pay 0.0100% / 8h	2h 56m	$640K	$905K	75x
Short	SunX LINK-USDT	13.109	0.0100	get 0.0100% / 8h	2h 56m	$34K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → +0.170%: $6.21
Slippage, 4 orders: −$61.17
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$74.96
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from HTX: live order book, 32 min ago; SunX: live order book, 9 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, 32 min ago	5.79 bp	13.3 bp −$13	34.0 bp −$340	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	13.68 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 +0.0166%	1h	13.099	+0.155%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.127	+0.374%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.113	+0.261%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.111	+0.246%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.106	+0.211%	$698K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.099	+0.156%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0025%	8h	13.175	+0.735%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.189%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	13.094	+0.118%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.107	+0.219%	$2.1M	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.098	+0.152%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.101	+0.167%	$397K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.116	+0.286%	$78.2M	$23.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.103	+0.187%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.109	+0.235%	$275K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.103	+0.189%	$121.1M	$301.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.099	+0.156%	$84.8M	$68.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.102	+0.179%	$27.7M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.115	+0.278%	$184K	$169K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.101	+0.171%	$130.7M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.103	+0.187%	$35.4M	$55.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.105	+0.202%	$21.8M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.102	+0.179%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.101	+0.171%	—	$21.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.113	+0.263%	$363K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.150	+0.543%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.141	+0.480%	$591K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.157	+0.599%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.094	+0.118%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.097	+0.144%	$22K	$13K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.109	+0.232%	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.102	+0.179%	$5K	$40K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.079	long leg	$640K	$905K	75x
Extended LINK-USD	+0.0104%	1h	13.100	+0.164%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.104	+0.194%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.100	+0.164%	$990K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.110	+0.240%	$5.3M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.094	+0.116%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0496%	8h	13.113	+0.263%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.112	+0.258%	$6.9M	$7.7M	50x	as long as short