Funding arb · Price arb /

LINK

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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: HTX against KuCoin−0.428%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.398%+$40 · spread now −0.428%, 7d avg −0.073%

Together, before fees+0.478%+$48 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: HTX is 0.355% cheaper against KuCoin than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.027	0.0100	pay 0.0100% / 8h	6h 04m	$23.1M	$14.0M	75x
Short	HTX LINK-USDT	12.971	0.0100	get 0.0100% / 8h	6h 04m	$640K	$688K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.428%Rate

Funding earned: $0
Price spread: −0.428% → −0.073%: −$35.51
Slippage, 4 orders: −$57.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$116.87
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; HTX: live order book, 64 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, 4 min ago	1.16 bp	13.9 bp −$14	22.4 bp −$224	doesn't fit	doesn't fit
Sell HTX live order book, 64 min ago	20.97 bp	27.1 bp −$27	180.0 bp −$1,800	doesn't fit	doesn't fit

LINK on 39 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	13.004	−0.176%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.000	−0.210%	$468K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.003	−0.184%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.813%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.992	−0.267%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.002	−0.192%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.004	−0.177%	$951K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.030	+0.025%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.027	+0.002%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.993	−0.261%	$395K	$318K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.017	−0.073%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.030	+0.021%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.031	+0.031%	$119.8M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.025	−0.015%	$84.1M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.032	+0.038%	$27.4M	$82.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.045	+0.138%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.023	−0.031%	$128.4M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.029	+0.015%	$33.0M	$59.5M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.027	long leg	$23.1M	$14.0M	75x
Bitget LINKUSDT	+0.0100%	8h	13.033	+0.046%	$54.2M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.032	+0.038%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.298%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.407%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.959	−0.522%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.976	−0.391%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	−0.130%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.002	−0.190%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.005	−0.171%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.006	−0.161%	$14K	$41K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.971	−0.428%	$640K	$688K	75x
Extended LINK-USD	+0.0104%	1h	13.030	+0.019%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.007	−0.157%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0138%	1h	13.013	−0.107%	$338K	$379K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0142%	1h	13.008	−0.144%	$773K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.004	−0.178%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0426%	1h	13.025	−0.017%	$345K	$31K	10x	as long as short
Hyperliquid LINK	+0.0476%	1h	13.036	+0.069%	$81.2M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.010	−0.131%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0639%	8h	13.020	−0.054%	$20.1M	$11.6M	50x	as long as short