Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: edgeX against Injective+5.689%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.949%−$95 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 5.689% dearer against Injective than usual: you sell high and buy low: +$569 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.949%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	54m 50s	$4K	$48K	12x
Short	edgeX LINKUSDC	13.105	0.0100	get 0.0050% / 4h	2h 54m	$43K	$306K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now +5.689%Rate

Funding earned: $14
Price spread: +5.689% → 0.000%: $568.88
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $573.86
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 33 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 33 min ago	2.65 bp	7.1 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.133	+5.908%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.127	+5.867%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.103	+5.672%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.125	+5.844%	$457K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.133	+5.907%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+5.721%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Deribit LINK_USDC-PERPETUAL	+0.0039%	1h	13.141	+5.978%	$700K	$106K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	13.131	+5.895%	$135K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.140	+5.971%	$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	13.107	+5.704%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.123	+5.835%	$397K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.113	+5.750%	$78.1M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.129	+5.876%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.110	+5.722%	$275K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.106	+5.690%	$121.2M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.099	+5.637%	$84.8M	$68.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.101	+5.653%	$27.7M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.125	+5.847%	$184K	$169K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.109	+5.718%	$130.7M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.106	+5.694%	$35.8M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.133	+5.911%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.099	+5.637%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.102	+5.661%	—	$21.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.145	+6.008%	$364K	$370K	15x	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.105	+5.689%	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.113	+5.751%	$590K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+5.718%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.129	+5.879%	$80K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.134	+5.918%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.148	+6.034%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.136	+5.935%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.104	+5.674%	$641K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.102	+5.662%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.141	+5.977%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.100	+5.645%	$990K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.132	+5.903%	$5.3M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.128	+5.870%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0496%	8h	13.152	+6.065%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.145	+6.006%	$7.0M	$7.7M	50x	as long as short