Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: edgeX against Paradex−0.171%52s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · edgeX: 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: edgeX is 0.171% cheaper against Paradex than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.208	0.0100	pay 0.0100% / 8h	7h 40m	$32K	$3K	20x
Short	edgeX LINKUSDC	13.186	0.0100	get 0.0050% / 4h	3h 40m	$44K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0.07
Price spread: −0.171% → 0.000%: −$17.13
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.06
Costs to cover: 0.130%
Break-even: 3220.0 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 32 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 32 min ago	2.67 bp	7.2 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit

Paradex: 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	13.204	−0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.216	+0.054%	$475K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.210	+0.009%	$777K	$195K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	−0.028%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.120%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.355%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.201	−0.055%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.196	−0.092%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.208	long leg	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.197	−0.086%	$404K	$310K	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	13.201	−0.053%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.198	−0.078%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.200	−0.063%	$122.5M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.207	−0.010%	$85.2M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.209	+0.005%	$27.9M	$85.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.081%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.198	−0.078%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.197	−0.086%	$36.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.195	−0.101%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.208	−0.002%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.206	−0.018%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	−0.082%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.186	−0.171%	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.095%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.320%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	−0.018%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.202	−0.044%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.219	+0.084%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.204	−0.033%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.184	−0.182%	$648K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.194	−0.111%	$729K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.204	−0.032%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.209	+0.005%	$1.0M	$2.8M	50x	as long as short
dYdX LINK-USD	+0.0184%	1h	13.193	−0.113%	$349K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0209%	1h	13.207	−0.010%	$367K	$371K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	−0.063%	$5.3M	$16.5M	75x	as long as short
Phemex LINKUSDT	+0.0268%	8h	13.219	+0.081%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.212	+0.028%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.201	−0.053%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0542%	1h	13.213	+0.035%	$81.0M	$25.2M	10x	as long as short