Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against Polymarket Perps−0.046%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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.276%+$28 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: 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: Pacifica is 0.046% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 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	Polymarket Perps LINK-USD	13.198	0.0100	pay 0.0013% / 1h	17m 06s	$81K	$67K	10x
Short	Pacifica LINK	13.192	0.0100	get 0.0013% / 1h	17m 06s	$276K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.6
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Pacifica: 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 6 min ago	3.04 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit

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 −0.0092% / S +0.0166%	1h	13.196	−0.014%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.197	−0.008%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.199	+0.010%	$718K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.196	−0.013%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0017%	1h	13.194	−0.032%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	−0.101%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.046%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.189	−0.068%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0087%	8h	13.164	−0.259%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.192	−0.047%	$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-PERP	+0.0100%	8h	13.192	−0.048%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.192	−0.045%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.204	+0.045%	$78.1M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.198	0.000%	$1.6M	$2.7M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.192	−0.046%	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.190	−0.057%	$122.2M	$301.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.186	−0.091%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.187	−0.083%	$27.9M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.205	+0.053%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	−0.061%	$131.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.186	−0.091%	$37.4M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.188	−0.076%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.186	−0.091%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.187	−0.083%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.167	−0.235%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.164	−0.257%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	−0.227%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.198	long leg	$81K	$67K	10x
Derive LINK-PERP	+0.0100%	1h	13.190	−0.058%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.209	+0.084%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.191	−0.053%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	−0.195%	$648K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.192	−0.046%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.198	0.000%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.183	−0.114%	$989K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	13.198	0.000%	$366K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	−0.061%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.193	−0.034%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	13.201	+0.023%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.199	+0.008%	$7.0M	$7.9M	50x	as long as short