Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.032%

Price spread now: Paradex against Kraken Futures−0.060%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.073	0.0048	pay 0.0006% / 1h	3m 49s	$6.5M	$8.3M	50x
Short	Paradex LINK-USD-PERP	13.065	0.0100	get 0.0100% / 8h	7h 03m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.060%Rate

Funding earned: $10.81
Price spread: −0.060% → 0.000%: −$5.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.15
Costs to cover: 0.140%
Break-even: 12.9 days

Slippage unknown: Kraken Futures: live order book, 5 min ago; Paradex: no order-book sample. 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 Kraken Futures live order book, 5 min ago	2.30 bp	10.4 bp −$10	14.4 bp −$144	38.9 bp −$3,889	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 39 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
Orderly PERP_LINK_USDC	−0.0130%	8h	13.065	−0.060%	$92K	$915K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.068	−0.041%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.071	−0.012%	$501K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.068	−0.039%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.147%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0048%	1h	13.073	long leg	$6.5M	$8.3M	50x
Phoenix LINK	+0.0087%	1h	13.062	−0.081%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.070	−0.023%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.065	−0.060%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	13.060	−0.094%	$352K	$315K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.071	−0.014%	$81.6M	$27.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.068	−0.037%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.061	−0.087%	$278K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.061	−0.093%	$120.8M	$287.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.059	−0.106%	$84.6M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.061	−0.090%	$27.5M	$77.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.081	+0.063%	$183K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.066	−0.052%	$135.2M	$18.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.061	−0.090%	$36.4M	$60.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.070	−0.022%	$23.2M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.060	−0.098%	$54.6M	$28.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.064	−0.067%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.072	−0.006%	$340K	$371K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.065	−0.057%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.057	−0.121%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.057	−0.122%	$591K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.066	−0.052%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.074	+0.009%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.078	+0.037%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.067	−0.045%	$15K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.049	−0.181%	$626K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.057	−0.120%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.071	−0.016%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.058	−0.113%	$941K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.062	−0.083%	$5.3M	$16.1M	75x	as long as short
Phemex LINKUSDT	+0.0285%	8h	13.081	+0.063%	$20.2M	$11.0M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0354%	1h	13.079	+0.047%	$875K	$325K	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.059	−0.102%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0853%	1h	13.069	−0.027%	$351K	$48K	10x	as long as short