Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Pacifica−0.023%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Pacifica Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.023%, 7d avg +0.013%

Together, before fees+0.221%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$22 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 0.036% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.201	0.0100	pay 0.0013% / 1h	1m 02s	$277K	$148K	10x
Short	GRVT LINK_USDT_Perp	13.198	0.0100	get 0.0100% / 8h	1h 01m	$595K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Pacifica. 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 PacificabpFee GRVTbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.013%: −$3.61
Slippage, 4 orders: −$20.24
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$40.85
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Pacifica: live order book, 17 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 Pacifica live order book, 17 min ago	4.18 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	0.76 bp	7.4 bp −$7	19.6 bp −$196	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	13.203	+0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.203	+0.018%	$488K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.207	+0.043%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.202	+0.005%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.068%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	+0.016%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.201	0.000%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0052%	1h	13.203	+0.012%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.202	+0.009%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.197	−0.029%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.197	−0.027%	$404K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.236	+0.265%	$78.2M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.215	+0.104%	$1.4M	$2.9M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.201	long leg	$277K	$148K	10x
Binance LINKUSDT	+0.0100%	8h	13.220	+0.146%	$123.0M	$303.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.220	+0.144%	$85.4M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.222	+0.159%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.214	+0.098%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.222	+0.159%	$131.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.223	+0.167%	$36.4M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.204	+0.023%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.221	+0.152%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.221	+0.152%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	−0.093%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+0.026%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.198	−0.023%	$595K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	+0.045%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.199	−0.015%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.199	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.218	+0.130%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.203	+0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.186	−0.114%	$648K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.219	+0.136%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.211	+0.075%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.212	+0.083%	$995K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	+0.038%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	13.231	+0.227%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.195	−0.047%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.217	+0.121%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.213	+0.088%	$7.0M	$8.1M	50x	as long as short