Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: HTX against Paradex−0.083%7-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 HTX

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.083% cheaper against Paradex than usual: you would sell low and buy high, −$8 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	Paradex LINK-USD-PERP	12.896	0.0100	pay 0.0100% / 8h	3h 00m	$31K	$2K	20x
Short	HTX LINK-USDT	12.886	0.0100	get 0.0100% / 8h	3h 00m	$632K	$678K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0.01
Price spread: −0.083% → 0.000%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.27
Costs to cover: 0.160%
Break-even: 33735.5 days

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 54 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 HTX live order book, 54 min ago	20.52 bp	30.5 bp −$30	245.1 bp −$2,451	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 −0.0089% / S +0.0166%	1h	12.899	+0.023%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.906	+0.075%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.900	+0.026%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.849%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.900	+0.028%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.198%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.899	+0.018%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.896	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.892	−0.034%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.899	+0.023%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.897	+0.003%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.037%	$119.6M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.897	+0.005%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.897	+0.005%	$27.3M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.914	+0.137%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.898	+0.013%	$124.3M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.900	+0.028%	$32.9M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.904	+0.059%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.901	+0.036%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.898	+0.013%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.906	+0.075%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.884	−0.094%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.025%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.138%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.896	−0.003%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.906	+0.075%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.898	+0.012%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.913	+0.132%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.902	+0.044%	$9K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.886	−0.083%	$632K	$678K	75x
Extended LINK-USD	+0.0104%	1h	12.899	+0.017%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.904	+0.059%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.910	+0.106%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.011%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.903	+0.052%	$6.6M	$8.2M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0254%	1h	12.909	+0.097%	$789K	$215K	50x	as long as short
Hyperliquid LINK	+0.0299%	1h	12.913	+0.129%	$80.6M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.898	+0.016%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0570%	8h	12.917	+0.160%	$20.0M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0792%	1h	12.893	−0.025%	$342K	$32K	10x	as long as short