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 −0.012%

Price spread now: GRVT against OKX+0.028%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.028%, 7d avg +0.003%

Together, before fees−0.042%+ Points / potential airdropGRVT: Active · farm board−$4 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: GRVT is 0.026% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.192	0.0100	pay 0.0100% / 8h	7h 40m	$27.9M	$85.3M	50x
Short	GRVT LINK_USDT_Perp	13.196	0.0100	get 0.0100% / 8h	7h 40m	$592K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.003%: $2.55
Slippage, 4 orders: −$13.18
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$29.63
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 3 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 OKX live order book, 3 min ago	0.38 bp	10.2 bp −$10	17.3 bp −$173	35.5 bp −$3,553	doesn't fit
Sell GRVT live order book, 3 min ago	0.76 bp	7.3 bp −$7	16.5 bp −$165	doesn't fit	doesn't fit

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 −0.0091% / S +0.0167%	1h	13.204	+0.088%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.216	+0.178%	$475K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.210	+0.133%	$777K	$195K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	+0.096%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.004%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.232%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.201	+0.068%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.203	+0.083%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.189	−0.021%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.197	+0.038%	$404K	$310K	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	13.203	+0.086%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.203	+0.080%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.192	0.000%	$122.5M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.189	−0.023%	$85.1M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.192	long leg	$27.9M	$85.3M	50x
Arcus LINK-USD	+0.0100%	1h	13.213	+0.159%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.198	+0.045%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.193	+0.008%	$36.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.202	+0.076%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.201	+0.068%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.190	−0.015%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	+0.041%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	−0.048%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.196	+0.028%	$592K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.197%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	+0.106%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.202	+0.080%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.219	+0.208%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.204	+0.091%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.184	−0.058%	$648K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.194	+0.013%	$729K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.204	+0.091%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.209	+0.129%	$1.0M	$2.8M	50x	as long as short
dYdX LINK-USD	+0.0194%	1h	13.201	+0.068%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0209%	1h	13.207	+0.114%	$367K	$371K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.061%	$5.3M	$16.5M	75x	as long as short
Phemex LINKUSDT	+0.0268%	8h	13.219	+0.205%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.212	+0.152%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.201	+0.071%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0540%	1h	13.218	+0.197%	$81.0M	$25.2M	10x	as long as short