Funding arb · Price arb /

LINK

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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 0.000%

Price spread now: Bitget against KuCoin−0.069%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.069%, 7d avg −0.015%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.074	0.0100	pay 0.0100% / 8h	2h 51m	$21.7M	$16.0M	75x
Short	Bitget LINKUSDT	13.065	0.0100	get 0.0100% / 8h	2h 51m	$54.0M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.015%: −$5.41
Slippage, 4 orders: −$20.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.1
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: 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	0.76 bp	13.1 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.38 bp	7.5 bp −$8	12.9 bp −$129	27.7 bp −$2,773	doesn't fit

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	13.086	+0.089%	$1.7M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.084	+0.077%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.080	+0.047%	$455K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.081	+0.050%	$697K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	+0.099%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.127	+0.409%	$3K	$84K	10x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.271%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.155%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0056%	8h	13.069	−0.038%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.079	+0.042%	$2.1M	$2.4M	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	13.076	+0.019%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.078	+0.031%	$399K	$316K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.080	+0.046%	$77.9M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.077	+0.024%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.081	+0.054%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.068	−0.047%	$120.9M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.068	−0.046%	$84.4M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.067	−0.054%	$27.6M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.101	+0.207%	$184K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.074	0.000%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.072	−0.015%	$35.5M	$55.8M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.074	long leg	$21.7M	$16.0M	75x
Bitget LINKUSDTshort	+0.0100%	8h	13.065	−0.069%	$54.0M	$30.1M	75x
BingX LINK-USDC	+0.0100%	8h	13.068	−0.046%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.082	+0.061%	$362K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.117	+0.327%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.133	+0.451%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+0.268%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.082	+0.061%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.074	+0.001%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.094	+0.156%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.075	+0.008%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.078	+0.030%	$640K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.068	−0.044%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.078	+0.034%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.084	+0.076%	$987K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.090	+0.122%	$5.2M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.080	+0.049%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0507%	1h	13.084	+0.073%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0511%	8h	13.092	+0.138%	$20.2M	$11.5M	50x	as long as short