Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: GRVT against SoDEX−0.209%46s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: 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: GRVT is 0.209% cheaper against SoDEX than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	SoDEX LINK-USD	13.207	0.0100	pay 0.0013% / 1h	13m 29s	$14K	$32K	10x
Short	GRVT LINK_USDT_Perp	13.179	0.0100	get 0.0100% / 8h	7h 13m	$599K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SoDEX. 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 SoDEXbpFee GRVTbpOrdersPrice spread, now −0.209%Rate

Funding earned: $0
Price spread: −0.209% → 0.000%: −$20.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$37.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: 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 SoDEX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 5 min ago	1.52 bp	8.5 bp −$9	20.6 bp −$206	doesn't fit	doesn't fit

SoDEX: 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	13.206	−0.011%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.199	−0.059%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.204	−0.023%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.110%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.142	−0.496%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.204	−0.023%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.197	−0.078%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.226	+0.142%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.184	−0.170%	$404K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.203	−0.030%	$1.4M	$3.0M	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	13.195	−0.088%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.186	−0.159%	$122.4M	$299.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.182	−0.189%	$85.0M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.184	−0.174%	$27.6M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.206	−0.008%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.196	−0.083%	$130.7M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.193	−0.106%	$37.0M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.196	−0.083%	$23.1M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.183	−0.182%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.191	−0.121%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.398%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	−0.238%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	13.179	−0.209%	$599K	$2.7M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.204%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.189	−0.136%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.202	−0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.208	+0.005%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	13.207	long leg	$14K	$32K	10x
HTX LINK-USDT	+0.0100%	8h	13.190	−0.126%	$650K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.184	−0.177%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.206	−0.009%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.210	+0.023%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	13.211	+0.031%	$785K	$212K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.221	+0.106%	$366K	$363K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.184	−0.174%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.216	+0.068%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.182	−0.192%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0437%	1h	13.193	−0.103%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0562%	1h	13.213	+0.045%	$81.6M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0577%	8h	13.216	+0.068%	$20.4M	$11.5M	50x	as long as short