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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Pacifica−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.021% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.174	0.0100	pay 0.0013% / 1h	44m 24s	$276K	$152K	10x
Short	Polymarket Perps LINK-USD	13.171	0.0100	get 0.0013% / 1h	44m 24s	$82K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → 0.000%: −$2.09
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 29 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

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, 29 min ago	3.82 bp	11.5 bp −$12	19.9 bp −$199	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.161	−0.094%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.164	−0.076%	$467K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.170	−0.029%	$762K	$181K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.165	−0.070%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.873%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.094%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.162	−0.089%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.174	+0.005%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.167	−0.050%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.166	−0.055%	$404K	$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	13.172	−0.013%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.174	long leg	$276K	$152K	10x
Binance LINKUSDT	+0.0100%	8h	13.163	−0.082%	$122.2M	$305.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.162	−0.089%	$84.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.167	−0.051%	$27.9M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.185	+0.085%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.171	−0.021%	$130.5M	$12.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.165	−0.066%	$36.7M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.172	−0.013%	$22.8M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.168	−0.044%	$54.8M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.162	−0.089%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.207%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.152	−0.165%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.150	−0.183%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.156	−0.135%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.171	−0.021%	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.163	−0.079%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.181	+0.058%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.164	−0.074%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.146	−0.208%	$647K	$874K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.166	−0.057%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	−0.060%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.168	−0.044%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.189	+0.116%	$366K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	−0.066%	$5.2M	$16.7M	75x	as long as short
dYdX LINK-USD	+0.0233%	1h	13.170	−0.028%	$349K	$48K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.173	−0.006%	$6.9M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.158	−0.119%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0402%	8h	13.180	+0.047%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0505%	1h	13.181	+0.055%	$80.4M	$25.0M	10x	as long as short