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: KuCoin against Paradex+0.052%47s7-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 KuCoin

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: KuCoin is 0.052% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	12.886	0.0100	pay 0.0100% / 8h	2h 36m	$31K	$2K	20x
Short	KuCoin LINKUSDTM	12.893	0.0100	get 0.0100% / 8h	2h 36m	$22.7M	$13.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0.02
Price spread: +0.052% → 0.000%: $5.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.79
Costs to cover: 0.160%
Break-even: 4182.8 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	1.16 bp	13.0 bp −$13	19.5 bp −$195	60.0 bp −$5,995	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	12.876	−0.081%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.880	−0.047%	$506K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.878	−0.064%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.774%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.872	−0.111%	$97K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	−0.056%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.880	−0.045%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.886	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.884	−0.018%	$343K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	+0.034%	$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	12.886	−0.006%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.891	+0.036%	$119.0M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.886	−0.002%	$83.1M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.892	+0.044%	$27.2M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.899	+0.098%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.883	−0.026%	$124.2M	$14.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.894	+0.060%	$33.0M	$57.0M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.893	+0.052%	$22.7M	$13.0M	75x
Bitget LINKUSDT	+0.0100%	8h	12.891	+0.036%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.887	+0.005%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.894	+0.060%	$336K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.107%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.827	−0.457%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.830	−0.437%	$586K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.822	−0.499%	$131K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.891	+0.036%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.876	−0.083%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.895	+0.067%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.879	−0.057%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.848	−0.295%	$631K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.886	−0.001%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.882	−0.034%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.884	−0.018%	$916K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0146%	1h	12.885	−0.010%	$790K	$233K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.877	−0.072%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0238%	1h	12.900	+0.106%	$80.3M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.881	−0.042%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.872	−0.110%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0577%	8h	12.898	+0.091%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0862%	1h	12.883	−0.025%	$343K	$33K	10x	as long as short