Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Paradex+0.125%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 OKX

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: OKX is 0.125% dearer against Paradex than usual: you sell high and buy low, +$12 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	13.161	0.0100	pay 0.0100% / 8h	1h 10m	$32K	$3K	20x
Short	OKX LINK-USDT-SWAP	13.177	0.0100	get 0.0100% / 8h	1h 10m	$27.8M	$86.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0.01
Price spread: +0.125% → 0.000%: $12.48
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1.51
Costs to cover: 0.140%
Break-even: 1983.0 days

Slippage unknown: Paradex: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.38 bp	10.2 bp −$10	13.5 bp −$135	26.5 bp −$2,650	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 −0.0090% / S +0.0167%	1h	13.168	+0.058%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.177	+0.123%	$470K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.175	+0.109%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.173	+0.094%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.779%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	+0.168%	$3K	$81K	10x	as long as short
dYdX LINK-USD	+0.0041%	1h	13.164	+0.028%	$349K	$48K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.168	+0.056%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.173	+0.094%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.161	long leg	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.163	+0.022%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.182	+0.163%	$77.9M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.171	+0.079%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.167	+0.051%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.175	+0.110%	$122.4M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.172	+0.087%	$85.0M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.177	+0.125%	$27.8M	$86.2M	50x
Arcus LINK-USD	+0.0100%	1h	13.180	+0.148%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.167	+0.049%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.164	+0.026%	$36.3M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.168	+0.056%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.168	+0.056%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.167	+0.049%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.165	+0.032%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.160	−0.007%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.162	+0.010%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.163	+0.018%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.168	+0.056%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.167	+0.051%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+0.134%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.170	+0.072%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.156	−0.038%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.166	+0.044%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.173	+0.098%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.179	+0.140%	$995K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.179	+0.140%	$365K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	+0.072%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.161	+0.004%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.187	+0.201%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.177	+0.128%	$6.9M	$8.1M	50x	as long as short