Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Paradex+0.041%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.041% dearer against Paradex than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.044	0.0100	pay 0.0100% / 8h	6h 25m	$31K	$2K	20x
Short	gTrade (Gains Network) LINK/USD	13.050	L +0.0004% / S −0.0008%	get 0.0001% / 1h	25m 00s	$150K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.041%Rate

Funding earned: −$19.18
Price spread: +0.041% → 0.000%: $4.09
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 39 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 gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.04 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 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	13.049	+0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.052	+0.058%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0008%	1h	13.050	+0.041%	$150K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.940%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	−0.156%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.044	−0.003%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.041	−0.026%	$956K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.048	+0.026%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.044	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	13.050	+0.047%	$397K	$322K	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	13.050	+0.045%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.041	−0.029%	$276K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.048	+0.027%	$119.8M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.046	+0.012%	$84.2M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.046	+0.012%	$27.5M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.056	+0.089%	$183K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.045	+0.005%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.048	+0.028%	$33.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.052	+0.058%	$22.6M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.046	+0.012%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.048	+0.028%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.044	0.000%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.024	−0.154%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.020	−0.183%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.992	−0.401%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.056	+0.089%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.046	+0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.058	+0.104%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.050	+0.043%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.058%	$643K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.043	−0.011%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.051	+0.051%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.053	+0.066%	$339K	$386K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0164%	1h	13.054	+0.077%	$775K	$212K	50x	as long as short
dYdX LINK-USD	+0.0269%	1h	13.040	−0.035%	$345K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.048	+0.028%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0441%	1h	13.065	+0.160%	$80.7M	$26.8M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0499%	1h	13.055	+0.078%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0606%	8h	13.059	+0.112%	$20.2M	$11.5M	50x	as long as short