Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against KuCoin+0.069%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.069%, 7d avg +0.070%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.031	0.0100	pay 0.0100% / 8h	6h 27m	$22.7M	$14.6M	75x
Short	Arcus LINK-USD	13.040	0.0100	get 0.0013% / 1h	27m 20s	$182K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.070%: −$0.1
Slippage, 4 orders: −$41.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$57.79
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Arcus: live order book, 41 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 KuCoin live order book, 6 min ago	1.93 bp	13.0 bp −$13	19.4 bp −$194	67.0 bp −$6,704	doesn't fit
Sell Arcus live order book, 41 min ago	8.71 bp	11.0 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit

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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	13.024	−0.051%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.031	+0.003%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.026	−0.041%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.842%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.451%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.022	−0.069%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.032	+0.008%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.021	−0.073%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.034	+0.024%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.029	−0.015%	$396K	$316K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.031	−0.001%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	+0.009%	$276K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.022	−0.069%	$119.5M	$303.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.018	−0.100%	$84.0M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.026	−0.038%	$27.4M	$84.5M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.040	+0.069%	$182K	$168K	10x
Gate LINK_USDT	+0.0100%	8h	13.027	−0.031%	$128.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.028	−0.023%	$33.1M	$59.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.031	long leg	$22.7M	$14.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.026	−0.038%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.025	−0.046%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.602%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.982	−0.377%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.506%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.992	−0.299%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.032	+0.008%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.023	−0.064%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.034	+0.026%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.022	−0.069%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.985	−0.356%	$640K	$860K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0104%	1h	13.041	+0.077%	$339K	$386K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	13.022	−0.072%	$688K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.024	−0.053%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0188%	1h	13.030	−0.007%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0286%	1h	13.028	−0.024%	$345K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.026	−0.035%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0419%	1h	13.044	+0.100%	$80.5M	$26.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.027	−0.033%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0605%	8h	13.034	+0.023%	$20.1M	$11.5M	50x	as long as short