Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h −0.001%

Price spread now: Kraken Futures against Paradex+0.008%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 Kraken Futures

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.153	0.0100	pay 0.0100% / 8h	2h 23m	$32K	$3K	20x
Short	Kraken Futures PF_LINKUSD	13.154	0.0504	get 0.0063% / 1h	23m 17s	$7.0M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.008%Rate

Funding earned: $84.83
Price spread: +0.008% → 0.000%: $0.84
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $71.67
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 6 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 Kraken Futures live order book, 6 min ago	3.04 bp	12.0 bp −$12	17.2 bp −$172	43.9 bp −$4,392	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 −0.0092% / S +0.0166%	1h	13.147	−0.051%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.006%	$467K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.148	−0.043%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.148	−0.040%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	−0.013%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0020%	1h	13.158	+0.035%	$349K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.727%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.141	−0.093%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0076%	8h	13.148	−0.040%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.150	−0.023%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.153	long leg	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.158	+0.040%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.163	+0.070%	$77.8M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.153	−0.003%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.158	+0.039%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.145	−0.063%	$121.6M	$300.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.146	−0.055%	$84.6M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.147	−0.048%	$27.8M	$85.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.168	+0.112%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.152	−0.010%	$130.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.145	−0.063%	$36.7M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.152	−0.010%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.142	−0.086%	$54.4M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.147	−0.048%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	−0.067%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.052%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	−0.048%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.152	−0.010%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.143	−0.079%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.160	+0.054%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.146	−0.055%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.139	−0.109%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.144	−0.070%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.148	−0.037%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.153	−0.002%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	13.176	+0.173%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	−0.032%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.144	−0.070%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.156	+0.021%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0504%	1h	13.154	+0.008%	$7.0M	$7.8M	50x