Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: OKX against Pacifica−0.036%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$420.422% of the position

Long on Pacifica Short on OKX

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)−0.010%−$1 · spread now −0.036%, 7d avg −0.028%

Together, before fees+0.014%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.988	0.0100	pay 0.0013% / 1h	54m 22s	$272K	$156K	10x
Short	OKX LINK-USDT-SWAP	12.983	0.0100	get 0.0100% / 8h	6h 54m	$27.3M	$83.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.028%: −$0.8
Slippage, 4 orders: −$24.22
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.03
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Pacifica: live order book, 14 min ago; OKX: 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, 14 min ago	5.31 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.38 bp	8.0 bp −$8	17.9 bp −$179	37.5 bp −$3,755	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
ApeX Omni LINKUSDT	−0.0265%	1h	13.058	+0.541%	$152K	$670K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	12.973	−0.112%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.020	+0.248%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.987	−0.009%	$771K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	12.973	−0.112%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.525%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.056	+0.528%	$3K	$86K	10x	as long as short
dYdX LINK-USD	+0.0064%	1h	12.982	−0.041%	$344K	$48K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	12.981	−0.052%	$126K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.992	+0.033%	$956K	$2.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LINK	+0.0096%	1h	12.991	+0.022%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.033	+0.351%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.961	−0.202%	$396K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.977	−0.086%	$1.3M	$3.0M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.988	long leg	$272K	$156K	10x
Binance LINKUSDT	+0.0100%	8h	12.975	−0.098%	$120.6M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.976	−0.090%	$83.5M	$71.5M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.983	−0.036%	$27.3M	$83.4M	50x
Arcus LINK-USD	+0.0100%	1h	12.988	+0.002%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.971	−0.129%	$128.5M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.976	−0.090%	$34.4M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.976	−0.090%	$22.5M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.981	−0.052%	$53.8M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.975	−0.098%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.004	+0.125%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	+0.098%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.054	+0.513%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.040	+0.402%	$587K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	−0.059%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	−0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.991	+0.028%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.983	−0.036%	$24K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.057%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.978	−0.079%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.983	−0.034%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.989	+0.010%	$5.3M	$15.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.968	−0.155%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.992	+0.034%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0664%	8h	13.010	+0.171%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0754%	1h	12.992	+0.033%	$83.1M	$27.5M	10x	as long as short