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 0.000%

Price spread now: SunX against Pacifica+0.065%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.045%+$5 · spread now +0.065%, 7d avg +0.090%

Together, before fees+0.137%+ Points / potential airdropPacifica: Active · farm board+$14 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: SunX is 0.024% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.961	0.0100	pay 0.0013% / 1h	9m 17s	$275K	$171K	10x
Short	SunX LINK-USDT	12.969	0.0100	get 0.0100% / 8h	6h 09m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.090%: −$2.44
Slippage, 4 orders: −$44.52
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$62.95
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from Pacifica: live order book, 59 min ago; SunX: live order book, 6 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, 59 min ago	5.31 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	13.68 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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	12.955	−0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	+0.017%	$469K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.955	−0.047%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.328%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.992	+0.241%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.957	−0.030%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.993	+0.247%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.959	−0.013%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.962	+0.011%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.959	−0.019%	$394K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.958	−0.023%	$1.3M	$3.0M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.961	long leg	$275K	$171K	10x
Binance LINKUSDT	+0.0100%	8h	12.959	−0.015%	$119.2M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.953	−0.061%	$83.5M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.961	0.000%	$27.3M	$83.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.976	+0.116%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.953	−0.061%	$127.7M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.958	−0.023%	$33.0M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.961	0.000%	$23.0M	$14.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.958	−0.023%	$53.8M	$30.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.955	−0.046%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.979	+0.141%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.184%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.990	+0.224%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	+0.186%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.963	+0.016%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.957	−0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.969	+0.065%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.961	0.000%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.959	−0.019%	$639K	$857K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.956	−0.038%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.963	+0.012%	$544K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0127%	1h	12.969	+0.062%	$337K	$383K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	12.965	+0.033%	$770K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.954	−0.053%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0432%	1h	12.961	−0.001%	$343K	$34K	10x	as long as short
Hyperliquid LINK	+0.0462%	1h	12.972	+0.085%	$80.6M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	+0.039%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0635%	8h	12.976	+0.116%	$20.0M	$11.5M	50x	as long as short