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 −0.006%

Price spread now: Binance against KuCoin+0.008%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.008%, 7d avg +0.006%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.122	0.0100	pay 0.0100% / 8h	4m 39s	$22.7M	$15.2M	75x
Short	Binance LINKUSDT	13.123	0.0100	get 0.0100% / 8h	4m 39s	$121.9M	$305.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.006%: $0.21
Slippage, 4 orders: −$15.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.38
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: 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 KuCoin live order book, 4 min ago	0.38 bp	16.0 bp −$16	23.0 bp −$230	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.38 bp	5.5 bp −$5	10.6 bp −$106	30.9 bp −$3,094	107.8 bp −$53.9K

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	13.100	−0.165%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.105	−0.127%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.102	−0.149%	$725K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.101	−0.162%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.093	−0.220%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.502%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.095	−0.206%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.118	−0.031%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.118	−0.032%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.122	+0.004%	$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	13.121	−0.010%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	−0.006%	$276K	$150K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.123	+0.008%	$121.9M	$305.0M	75x
Bybit LINKUSDT	+0.0100%	8h	13.124	+0.015%	$84.6M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.124	+0.015%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.131	+0.069%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.119	−0.023%	$130.1M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.117	−0.038%	$36.2M	$58.5M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.122	long leg	$22.7M	$15.2M	75x
Bitget LINKUSDT	+0.0100%	8h	13.118	−0.030%	$54.6M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.118	−0.030%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.086	−0.276%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.097	−0.189%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.107	−0.114%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.100	−0.168%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.102	−0.152%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.096	−0.195%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.109	−0.100%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.097	−0.191%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.079	−0.326%	$643K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.117	−0.035%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.101	−0.159%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	−0.084%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0210%	1h	13.109	−0.099%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.096	−0.198%	$5.2M	$16.2M	75x	as long as short
Hyperliquid LINK	+0.0290%	1h	13.135	+0.099%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.097	−0.189%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.106	−0.121%	$6.9M	$8.3M	50x	as long as short
Phemex LINKUSDT	+0.0489%	8h	13.116	−0.046%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0518%	1h	13.120	−0.019%	$347K	$48K	10x	as long as short