Funding arb · Price arb /

LINK

all LINK markets

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: SunX against KuCoin+0.007%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.007%, 7d avg +0.104%

Together, before fees+0.202%+$20 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: SunX is 0.097% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.043	0.0100	pay 0.0100% / 8h	6h 23m	$22.6M	$14.5M	75x
Short	SunX LINK-USDT	13.044	0.0100	get 0.0100% / 8h	6h 23m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.104%: −$9.68
Slippage, 4 orders: −$44.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.82
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; SunX: live order book, 11 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, 10 min ago	1.93 bp	13.0 bp −$13	19.4 bp −$194	67.0 bp −$6,704	doesn't fit
Sell SunX live order book, 11 min ago	13.68 bp	19.2 bp −$19	doesn't fit	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	13.027	−0.119%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.045	+0.014%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.030	−0.102%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.930%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	−0.146%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.028	−0.115%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.041	−0.015%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.039	−0.027%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.037	−0.046%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.033	−0.073%	$396K	$322K	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	13.046	+0.020%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.041	−0.019%	$276K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.031	−0.095%	$119.6M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.028	−0.115%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.031	−0.092%	$27.4M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.051	+0.061%	$183K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.036	−0.054%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.039	−0.031%	$33.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.043	long leg	$22.6M	$14.5M	75x
Bitget LINKUSDT	+0.0100%	8h	13.031	−0.092%	$54.2M	$30.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.037	−0.046%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.044	+0.010%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.024	−0.144%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.047	+0.031%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.048	+0.038%	$134K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.036	−0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.026	−0.127%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.044	+0.007%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.033	−0.077%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.018	−0.189%	$642K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.031	−0.092%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	−0.078%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.045	+0.015%	$339K	$386K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0118%	1h	13.037	−0.045%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0265%	1h	13.042	−0.008%	$345K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.031	−0.092%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0450%	1h	13.048	+0.038%	$80.6M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.039	−0.030%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0610%	8h	13.047	+0.031%	$20.1M	$11.5M	50x	as long as short