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 −0.020%

Price spread now: GRVT against KuCoin−0.121%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.121%, 7d avg +0.005%

Together, before fees+0.081%+ Points / potential airdropGRVT: Active · farm board+$8 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: GRVT is 0.126% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.264	0.0100	pay 0.0100% / 8h	52m 52s	$22.7M	$15.4M	75x
Short	GRVT LINK_USDT_Perp	13.248	0.0100	get 0.0100% / 8h	52m 52s	$598K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.005%: −$12.57
Slippage, 4 orders: −$20.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$53.62
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; GRVT: live order book, 1 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, 6 min ago	0.38 bp	14.3 bp −$14	22.2 bp −$222	65.6 bp −$6,561	doesn't fit
Sell GRVT live order book, 1 min ago	1.13 bp	7.1 bp −$7	18.8 bp −$188	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 −0.0090% / S +0.0167%	1h	13.259	−0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.255	−0.069%	$476K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.259	−0.038%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.224	−0.302%	$4K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0014%	1h	13.263	−0.008%	$727K	$128K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.514%	$4K	$48K	12x	as long as short
dYdX LINK-USD	+0.0039%	1h	13.242	−0.169%	$351K	$48K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.258	−0.045%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.258	−0.046%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.243	−0.161%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.257	−0.057%	$406K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.260	−0.030%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.250	−0.108%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.253	−0.083%	$123.4M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.246	−0.136%	$85.6M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.247	−0.128%	$28.0M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.268	+0.030%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.258	−0.045%	$131.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.252	−0.090%	$37.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.264	long leg	$22.7M	$15.4M	75x
Bitget LINKUSDT	+0.0100%	8h	13.255	−0.068%	$55.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.253	−0.083%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.251%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.250	−0.106%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.248	−0.121%	$598K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.228	−0.271%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.264	0.000%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.254	−0.075%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.276	+0.087%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.260	−0.030%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	−0.265%	$651K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	−0.121%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.260	−0.033%	$556K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.251	−0.098%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.249	−0.113%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0315%	1h	13.274	+0.075%	$78.5M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.259	−0.039%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0392%	1h	13.270	+0.045%	$366K	$381K	15x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.274	+0.075%	$20.6M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0473%	1h	13.269	+0.038%	$7.0M	$8.2M	50x	as long as short