Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against KuCoin+0.008%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.138	0.0100	pay 0.0100% / 8h	2h 29m	$21.9M	$15.8M	75x
Short	Polymarket Perps LINK-USD	13.139	0.0100	get 0.0013% / 1h	29m 52s	$80K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.76
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Polymarket Perps: 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, 4 min ago	1.14 bp	11.2 bp −$11	21.9 bp −$219	71.3 bp −$7,129	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 +0.0165%	1h	13.133	−0.036%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.137	−0.005%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.132	−0.045%	$712K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.134	−0.031%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.118	−0.151%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0024%	1h	13.138	+0.002%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.617%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	13.124	−0.107%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0068%	8h	13.128	−0.077%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.133	−0.036%	$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	13.137	−0.005%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.137	−0.008%	$399K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.144	+0.046%	$77.7M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.137	−0.008%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.141	+0.023%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.134	−0.030%	$121.4M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.133	−0.038%	$84.6M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.137	−0.008%	$27.7M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.149	+0.084%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.136	−0.015%	$130.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.135	−0.023%	$36.6M	$56.3M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.138	long leg	$21.9M	$15.8M	75x
Bitget LINKUSDT	+0.0100%	8h	13.135	−0.023%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.135	−0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.140	+0.015%	$364K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.116	−0.165%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.106	−0.245%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.121	−0.129%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.139	+0.008%	$80K	$67K	10x
Derive LINK-PERP	+0.0100%	1h	13.126	−0.091%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	+0.091%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.128	−0.076%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.122	−0.125%	$645K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.134	−0.028%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.130	−0.057%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.122	−0.122%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.125	−0.099%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.136	−0.019%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0477%	8h	13.142	+0.030%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.135	−0.020%	$6.9M	$7.8M	50x	as long as short