Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Pacifica against OKX−0.019%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.019%, 7d avg +0.028%

Together, before fees+0.041%+ Points / potential airdropPacifica: 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: Pacifica is 0.047% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.157	0.0100	pay 0.0100% / 8h	7h 20m	$27.6M	$84.2M	50x
Short	Pacifica LINK	13.155	0.0100	get 0.0013% / 1h	20m 10s	$276K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.028%: −$4.7
Slippage, 4 orders: −$20.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.48
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 53 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, 4 min ago	0.38 bp	9.7 bp −$10	16.3 bp −$163	33.7 bp −$3,372	doesn't fit
Sell Pacifica live order book, 53 min ago	3.82 bp	9.8 bp −$10	doesn't fit	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	13.160	+0.023%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.165%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.160	+0.022%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.754%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.274%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.169	+0.091%	$782K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.162	+0.038%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	+0.040%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.211	+0.412%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.154	−0.019%	$403K	$307K	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	13.157	0.000%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.155	−0.019%	$276K	$154K	10x
Binance LINKUSDT	+0.0100%	8h	13.162	+0.036%	$122.3M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.157	0.000%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.157	long leg	$27.6M	$84.2M	50x
Arcus LINK-USD	+0.0100%	1h	13.174	+0.129%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.156	−0.008%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.162	+0.038%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.165	+0.061%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.157	0.000%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.158	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.003%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.111%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.342%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.144%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.158	+0.008%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.162	+0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+0.131%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	+0.038%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.090%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.159	+0.011%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	+0.067%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	+0.015%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	+0.076%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.061%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.115%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.152	−0.035%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	13.160	+0.025%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0560%	1h	13.175	+0.135%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.178	+0.160%	$20.4M	$11.6M	50x	as long as short