Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%

Price spread now: Extended against KuCoin−0.067%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.067%, 7d avg −0.053%

Together, before fees+0.070%+ Points / potential airdropExtended: Active · farm board+$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	12.865	0.0100	pay 0.0100% / 8h	1h 36m	$22.7M	$12.9M	75x
Short	Extended LINK-USD	12.856	0.0104	get 0.0013% / 1h	36m 53s	$626K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0.84
Price spread: −0.067% → −0.053%: −$1.43
Slippage, 4 orders: −$15.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.41
Costs to cover: 0.328%
Break-even: 285.4 days

Slippage from KuCoin: live order book, 2 min ago; Extended: 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	1.94 bp	11.3 bp −$11	19.2 bp −$192	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	1.94 bp	5.2 bp −$5	6.6 bp −$66	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 −0.0089% / S +0.0166%	1h	12.869	+0.032%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0002%	8h	12.864	−0.008%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.876	+0.082%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.867	+0.015%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.614%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	+0.071%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.866	+0.009%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.869	+0.033%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.868	+0.023%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.864	−0.005%	$1.3M	$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	12.871	+0.048%	$274K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.861	−0.031%	$118.6M	$301.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.857	−0.062%	$83.1M	$73.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.860	−0.039%	$27.0M	$80.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.888	+0.179%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.863	−0.016%	$123.9M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.861	−0.031%	$34.2M	$58.1M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.865	long leg	$22.7M	$12.9M	75x
Bitget LINKUSDT	+0.0100%	8h	12.858	−0.054%	$53.8M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.860	−0.039%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	+0.103%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.866	+0.011%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.884	+0.144%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.894	+0.225%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.876	+0.086%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.866	+0.011%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.886	+0.165%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.871	+0.047%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.851	−0.110%	$631K	$786K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.856	−0.067%	$626K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.872	+0.055%	$540K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	12.871	+0.047%	$335K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.868	+0.023%	$933K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.874	+0.066%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.869	+0.031%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0334%	1h	12.876	+0.086%	$80.3M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.868	+0.024%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0403%	1h	12.877	+0.089%	$805K	$261K	50x	as long as short
Phemex LINKUSDT	+0.0583%	8h	12.885	+0.155%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0890%	1h	12.868	+0.024%	$343K	$33K	10x	as long as short