Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

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

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.008%, 7d avg −0.006%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.904	0.0100	pay 0.0100% / 8h	2h 21m	$22.8M	$13.1M	75x
Short	BingX LINK-USDT	12.903	0.0100	get 0.0100% / 8h	2h 21m	—	$23.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.006%: −$0.16
Slippage, 4 orders: −$18.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.23
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 2 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, 2 min ago	1.17 bp	16.6 bp −$17	25.0 bp −$250	69.3 bp −$6,933	doesn't fit
Sell BingX live order book, 2 min ago	1.17 bp	6.2 bp −$6	6.8 bp −$68	18.5 bp −$1,846	42.6 bp −$21.3K

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 −0.0089% / S +0.0166%	1h	12.878	−0.203%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.901	−0.023%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.879	−0.196%	$156K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.906%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0040%	8h	12.877	−0.209%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.176%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.897	−0.051%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	−0.020%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	−0.070%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.905	+0.007%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.903	−0.011%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.905	+0.006%	$118.6M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.899	−0.039%	$83.2M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.902	−0.015%	$27.4M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	+0.093%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.894	−0.077%	$124.5M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.904	0.000%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.904	long leg	$22.8M	$13.1M	75x
Bitget LINKUSDT	+0.0100%	8h	12.898	−0.046%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	12.903	−0.008%	—	$23.2M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.904	0.000%	$336K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.694%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.463%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.418%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.426%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.907	+0.023%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.887	−0.135%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.906	+0.013%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.085%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.860	−0.343%	$631K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.897	−0.051%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	−0.108%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	−0.364%	$915K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.854	−0.387%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0232%	1h	12.913	+0.070%	$80.4M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.894	−0.078%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0309%	1h	12.896	−0.064%	$796K	$244K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.897	−0.050%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0578%	8h	12.910	+0.046%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0751%	1h	12.898	−0.049%	$344K	$33K	10x	as long as short