Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.031%

Price spread now: BloFin against Polymarket Perps−0.030%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.544%+$54 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.544% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	13.147	0.0100	pay 0.0013% / 1h	28m 49s	$82K	$69K	10x
Short	BloFin LINK-USDT	13.143	0.0220	get 0.0220% / 8h	28m 49s	$5.3M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now −0.030%Rate

Funding earned: $25.2
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.16
Costs to cover: 0.200%
Break-even: 6.4 days

Slippage unknown: Polymarket Perps: no order-book sample; BloFin: live order book, 5 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	1.52 bp	7.5 bp −$8	8.4 bp −$84	16.9 bp −$1,688	53.3 bp −$26.6K

Polymarket Perps: 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 −0.0091% / S +0.0167%	1h	13.146	−0.009%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.150	+0.025%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.156	+0.068%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.147	−0.002%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.181%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.682%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.150	+0.023%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.144	−0.021%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.142	−0.038%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.139	−0.061%	$401K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.149	+0.019%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.147	−0.002%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.145	−0.015%	$122.3M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.146	−0.008%	$84.7M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.147	0.000%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.161	+0.106%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	+0.015%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.147	0.000%	$36.6M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	+0.053%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.008%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.151	+0.030%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.008%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	+0.115%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.014%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.173	+0.198%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.147	long leg	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.148	+0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.158	+0.085%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.151	+0.030%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.127	−0.151%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.147	+0.001%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.154	+0.050%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.140	−0.053%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.143	−0.030%	$5.3M	$17.3M	75x
Backpack LINK_USDC_PERP	+0.0247%	1h	13.159	+0.091%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0276%	1h	13.158	+0.084%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.143	−0.034%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	+0.107%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.163	+0.122%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0670%	1h	13.142	−0.042%	$348K	$48K	10x	as long as short