Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Gate against Polymarket Perps0.000%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.298%+$30 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.887	0.0100	pay 0.0013% / 1h	40m 23s	$82K	$70K	10x
Short	Gate LINK_USDT	12.887	0.0100	get 0.0100% / 8h	7h 40m	$133.6M	$17.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Gate: 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	1.16 bp	13.4 bp −$13	18.4 bp −$184	30.8 bp −$3,078	72.4 bp −$36.2K

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
Orderly PERP_LINK_USDC	−0.0112%	8h	12.883	−0.031%	$90K	$985K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.900	+0.098%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.067%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.888	+0.011%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.779%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.884	−0.021%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.905	+0.136%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.888	+0.004%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.887	0.000%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.882	−0.041%	$348K	$335K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.889	+0.016%	$80.5M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.884	−0.025%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.888	+0.005%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.888	+0.008%	$119.0M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.883	−0.031%	$83.4M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.886	−0.008%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.900	+0.101%	$180K	$98K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.887	0.000%	$133.6M	$17.5M	75x
MEXC LINK_USDT	+0.0100%	8h	12.883	−0.031%	$35.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.889	+0.016%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.882	−0.039%	$53.8M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.884	−0.023%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+0.008%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.875	−0.090%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.914	+0.212%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	+0.055%	$582K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.917	+0.233%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	12.887	long leg	$82K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.880	−0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.897	+0.074%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.880	−0.054%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.871	−0.125%	$629K	$721K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.879	−0.065%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	+0.022%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0130%	1h	12.896	+0.071%	$807K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.287%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	−0.008%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.878	−0.069%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.898	+0.085%	$19.9M	$11.5M	50x	as long as short
dYdX LINK-USD	+0.1183%	1h	12.888	+0.011%	$344K	$46K	10x	as long as short