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% APRpaid last 24h 0.000%

Price spread now: edgeX against KuCoin−0.185%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.401%+$40 · spread now −0.185%, 7d avg −0.011%

Together, before fees+0.485%+ Points / potential airdropedgeX: Active · farm board+$49 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: edgeX is 0.174% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.149	0.0100	pay 0.0100% / 8h	2h 27m	$21.9M	$15.8M	75x
Short	edgeX LINKUSDC	13.125	0.0100	get 0.0050% / 4h	2h 27m	$44K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.011%: −$17.39
Slippage, 4 orders: −$20.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$58.73
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; edgeX: live order book, 60 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, 1 min ago	1.14 bp	13.0 bp −$13	22.8 bp −$228	69.4 bp −$6,935	doesn't fit
Sell edgeX live order book, 60 min ago	2.65 bp	7.1 bp −$7	10.4 bp −$104	doesn't fit	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 −0.0092% / S +0.0166%	1h	13.148	−0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.143	−0.049%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.152	+0.020%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.148	−0.008%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.140	−0.068%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0022%	1h	13.148	−0.006%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.696%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	13.140	−0.068%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0068%	8h	13.128	−0.160%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.151	+0.019%	$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	13.146	−0.026%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.144	−0.036%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.160	+0.084%	$77.8M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.148	−0.004%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.149	+0.003%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.147	−0.015%	$121.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.144	−0.038%	$84.7M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	−0.008%	$27.8M	$85.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.068%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.147	−0.015%	$130.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.147	−0.015%	$36.8M	$56.4M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.149	long leg	$21.9M	$15.8M	75x
Bitget LINKUSDT	+0.0100%	8h	13.145	−0.030%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.145	−0.030%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.156	+0.053%	$364K	$371K	15x	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.125	−0.185%	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.128	−0.160%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.130	−0.144%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.149	0.000%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.144	−0.035%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.159	+0.073%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.147	−0.015%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.121	−0.216%	$645K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.143	−0.048%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.150	+0.008%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.122	−0.205%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.133	−0.122%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.144	−0.035%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.149	0.000%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.143	−0.045%	$6.9M	$7.8M	50x	as long as short