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 +0.008%

Price spread now: HTX against OKX−0.464%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.454%+$45 · spread now −0.464%, 7d avg −0.062%

Together, before fees+0.520%+$52 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: HTX is 0.401% cheaper against OKX than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.965	0.0100	pay 0.0100% / 8h	4h 26m	$27.4M	$81.5M	50x
Short	HTX LINK-USDT	12.905	0.0100	get 0.0100% / 8h	4h 26m	$633K	$693K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.464%Rate

Funding earned: $0
Price spread: −0.464% → −0.062%: −$40.12
Slippage, 4 orders: −$56.49
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$118.61
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; HTX: live order book, 32 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	7.8 bp −$8	17.3 bp −$173	41.4 bp −$4,144	doesn't fit
Sell HTX live order book, 32 min ago	21.58 bp	34.5 bp −$35	199.6 bp −$1,996	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 −0.0090% / S +0.0167%	1h	12.953	−0.090%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.956	−0.068%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.957	−0.063%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.358%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	12.957	−0.062%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.963	−0.019%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.971	+0.046%	$944K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.988	+0.178%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.079%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.959	−0.044%	$392K	$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	12.961	−0.031%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.959	−0.045%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.967	+0.014%	$119.9M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.961	−0.031%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.965	long leg	$27.4M	$81.5M	50x
Arcus LINK-USD	+0.0100%	1h	12.971	+0.046%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.954	−0.085%	$128.1M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	+0.015%	$32.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.970	+0.039%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.967	+0.015%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.957	−0.062%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.968	+0.023%	$339K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.949	−0.122%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	−0.108%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.963	−0.017%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.991	+0.201%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.964	−0.008%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.957	−0.059%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.971	+0.045%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.964	−0.008%	$11K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.905	−0.464%	$633K	$693K	75x
Extended LINK-USD	+0.0104%	1h	12.958	−0.053%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.963	−0.012%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0190%	1h	12.966	+0.005%	$777K	$200K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.958	−0.054%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0362%	1h	12.974	+0.069%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.956	−0.066%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.968	+0.024%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0464%	1h	12.955	−0.078%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.971	+0.046%	$20.0M	$11.4M	50x	as long as short