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 −0.007%

Price spread now: Paradex against KuCoin−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.028	0.0100	pay 0.0100% / 8h	5h 33m	$23.1M	$13.6M	75x
Short	Paradex LINK-USD-PERP	13.024	0.0100	get 0.0100% / 8h	5h 33m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$0.03
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.

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, 5 min ago	1.54 bp	12.3 bp −$12	21.6 bp −$216	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.024	−0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.011	−0.132%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.024	−0.028%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.820%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.007	−0.161%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.023	−0.038%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.014	−0.107%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	−0.091%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.024	−0.028%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	13.023	−0.038%	$396K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.026	−0.016%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.022	−0.049%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.027	−0.008%	$120.1M	$295.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.024	−0.031%	$84.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.025	−0.023%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.033	+0.038%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.025	−0.023%	$128.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.026	−0.015%	$32.1M	$57.0M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.028	long leg	$23.1M	$13.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.024	−0.031%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.027	−0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.020	−0.061%	$344K	$380K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.994	−0.261%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.004	−0.187%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.016	−0.092%	$585K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.005	−0.177%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.031	+0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.023	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.024	−0.032%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.011	−0.130%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.992	−0.275%	$641K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.019	−0.070%	$661K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.026	−0.017%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.138%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0265%	1h	13.016	−0.092%	$773K	$183K	50x	as long as short
dYdX LINK-USD	+0.0365%	1h	13.014	−0.104%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.025	−0.024%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.014	−0.105%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0611%	8h	13.025	−0.023%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0645%	1h	13.045	+0.130%	$81.8M	$27.1M	10x	as long as short