Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica+0.035%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.035%, 7d avg −0.016%

Together, before fees−0.066%+ Points / potential airdropPacifica: Active · farm board−$7 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: KuCoin is 0.051% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.147	0.0100	pay 0.0013% / 1h	28m 36s	$276K	$150K	10x
Short	KuCoin LINKUSDTM	13.152	0.0100	get 0.0100% / 8h	28m 36s	$22.7M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.016%: $5.09
Slippage, 4 orders: −$25.45
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.36
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Pacifica: live order book, 50 min ago; KuCoin: live order book, 5 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, 50 min ago	4.18 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.38 bp	11.0 bp −$11	21.9 bp −$219	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	13.146	−0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.150	+0.022%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.156	+0.065%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.147	−0.005%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.178%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.685%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.150	+0.020%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.144	−0.024%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.142	−0.039%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.139	−0.064%	$401K	$311K	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	13.149	+0.016%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.147	long leg	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.145	−0.018%	$122.3M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.139	−0.064%	$84.6M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.145	−0.018%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.160	+0.096%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.146	−0.011%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.144	−0.026%	$36.6M	$57.7M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.152	+0.035%	$22.7M	$15.3M	75x
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.011%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.145	−0.018%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.011%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	+0.112%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.017%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.173	+0.195%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.147	−0.003%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	+0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.158	+0.082%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.151	+0.027%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.127	−0.154%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.140	−0.060%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.154	+0.047%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.140	−0.056%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.143	−0.033%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0247%	1h	13.159	+0.088%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0276%	1h	13.158	+0.081%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.143	−0.037%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	+0.104%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.163	+0.119%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0682%	1h	13.151	+0.026%	$348K	$48K	10x	as long as short