Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against SunX−0.090%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3213.208% of the position

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.090%, 7d avg −0.091%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.106	0.0100	pay 0.0100% / 8h	2h 47m	$34K	$1.6M	30x
Short	gTrade (Gains Network) LINK/USD	13.095	L +0.0003% / S −0.0002%	get 0.0000% / 1h	47m 44s	$82K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.090%Rate

Funding earned: −$20.53
Price spread: −0.090% → −0.091%: $0.09
Slippage, 4 orders: −$302.84
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$341.28
Costs to cover: 3.208%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; gTrade (Gains Network): virtual book (oracle venue), 41 min ago.

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 SunX live order book, 7 min ago	13.67 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 41 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

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 +0.0165%	1h	13.092	−0.109%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.099	−0.060%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.095	−0.089%	$702K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0003% / S −0.0002%	1h	13.095	−0.090%	$82K	—	150x
Phoenix LINK	+0.0018%	1h	13.073	−0.253%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.390%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.373%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0055%	8h	13.084	−0.171%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0059%	1h	13.092	−0.110%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.094	−0.096%	$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	13.090	−0.127%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.089	−0.133%	$397K	$319K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.096	−0.079%	$77.3M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.089	−0.130%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.090	−0.122%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.088	−0.137%	$121.0M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.089	−0.133%	$84.5M	$69.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.090	−0.125%	$27.6M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.103	−0.026%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.090	−0.125%	$130.5M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.089	−0.133%	$35.6M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.093	−0.102%	$21.9M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.090	−0.125%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.090	−0.125%	—	$21.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.101	−0.041%	$363K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.089	−0.131%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.062	−0.340%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.354%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	−0.117%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.090	−0.126%	$22K	$16K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.106	long leg	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.091	−0.117%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.084	−0.171%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.088	−0.141%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.093	−0.099%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.099	−0.056%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.081	−0.194%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.089	−0.129%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0503%	8h	13.108	+0.012%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.103	−0.023%	$7.0M	$7.7M	50x	as long as short