Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.081%

Price spread now: Reya against KuCoin+0.020%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 Reya

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 airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.920	0.0100	pay 0.0100% / 8h	7h 48m	$22.9M	$12.2M	75x
Short	Reya LINKRUSDPERP	12.923	0.0402	get 0.0050% / 1h	48m 37s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.020%Rate

Funding earned: $63.49
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $47.46
Costs to cover: 0.180%
Break-even: 1.8 days

Slippage unknown: KuCoin: live order book, 10 min ago; Reya: 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, 10 min ago	1.94 bp	13.5 bp −$13	23.6 bp −$236	94.1 bp −$9,414	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Orderly PERP_LINK_USDC	−0.0108%	8h	12.911	−0.070%	$91K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.916	−0.029%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.918	−0.013%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.917	−0.023%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.025%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.917	−0.026%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.915	−0.037%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.915	−0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.914	−0.043%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.925	+0.039%	$349K	$336K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.922	+0.015%	$80.7M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.923	+0.026%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.916	−0.031%	$275K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.927	+0.054%	$119.3M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.923	+0.023%	$83.7M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.927	+0.054%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.931	+0.085%	$181K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.917	−0.023%	$134.0M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.915	−0.039%	$35.0M	$58.0M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.920	long leg	$22.9M	$12.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.924	+0.031%	$53.9M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.915	−0.039%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.922	+0.015%	$336K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.909	−0.082%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.901	−0.150%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.904	−0.120%	$582K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.910	−0.077%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.925	+0.039%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.914	−0.050%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.935	+0.118%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.915	−0.039%	$11K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.884	−0.280%	$629K	$724K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.909	−0.087%	$615K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.918	−0.019%	$542K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0145%	1h	12.923	+0.020%	$808K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.908	−0.093%	$929K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.910	−0.077%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERPshort	+0.0402%	1h	12.923	+0.020%	$4K	—	20x
Phemex LINKUSDT	+0.0414%	8h	12.931	+0.085%	$20.0M	$11.5M	50x	as long as short
dYdX LINK-USD	+0.0843%	1h	12.911	−0.068%	$344K	$45K	10x	as long as short