Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against SunX−0.116%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.116%, 7d avg −0.109%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.222	0.0100	pay 0.0100% / 8h	1h 41m	$34K	$1.6M	30x
Short	Gate LINK_USDT	13.207	0.0100	get 0.0100% / 8h	1h 41m	$131.2M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.109%: −$0.65
Slippage, 4 orders: −$46.12
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.77
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	13.65 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.76 bp	17.6 bp −$18	22.3 bp −$223	35.7 bp −$3,572	78.7 bp −$39.4K

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 −0.0090% / S +0.0167%	1h	13.203	−0.148%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.205	−0.128%	$350K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.212	−0.079%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.207	−0.113%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.203	−0.147%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.219%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.149	−0.551%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.199	−0.176%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.211	−0.085%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.206	−0.122%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.198	−0.180%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.219	−0.025%	$78.0M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.207	−0.114%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.208	−0.110%	$277K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.203	−0.146%	$122.5M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.201	−0.161%	$85.1M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.202	−0.154%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	−0.025%	$185K	$172K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	13.207	−0.116%	$131.2M	$12.6M	75x
MEXC LINK_USDT	+0.0100%	8h	13.208	−0.108%	$36.8M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.212	−0.078%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.207	−0.116%	$54.9M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.207	−0.116%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.147	−0.568%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.181	−0.312%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.165	−0.433%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.172	−0.380%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.200	−0.169%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.200	−0.167%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.222	long leg	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.201	−0.161%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.172	−0.379%	$648K	$898K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.204	−0.138%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.205	−0.129%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	−0.154%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0182%	1h	13.213	−0.070%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.187	−0.267%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.198	−0.183%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0454%	8h	13.211	−0.085%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.209	−0.100%	$7.0M	$8.0M	50x	as long as short