Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against SunX+0.009%74s7-day average −0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.525% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.009%, 7d avg −0.122%

Together, before fees−0.264%+ Points / potential airdropGRVT: Active · farm board−$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.131% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.122%. The two prices were read 74 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	SunX LINK-USDT	12.951	0.0100	pay 0.0100% / 8h	1h 04m	$33K	$1.4M	30x
Short	GRVT LINK_USDT_Perp	12.952	0.0100	get 0.0100% / 8h	1h 04m	$584K	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.122%: $13.14
Slippage, 4 orders: −$35.54
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$39.41
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; GRVT: live order book, 4 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, 10 min ago	13.70 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.16 bp	6.7 bp −$7	12.4 bp −$124	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 −0.0087% / S +0.0165%	1h	12.935	−0.127%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0038%	8h	12.929	−0.171%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.946	−0.038%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.936	−0.118%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.255%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.161%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.935	−0.128%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.938	−0.104%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.940	−0.090%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.940	−0.086%	$1.3M	$2.4M	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	12.942	−0.073%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.937	−0.109%	$119.5M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.931	−0.155%	$83.6M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.935	−0.124%	$27.0M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.015%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.935	−0.124%	$134.8M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.937	−0.109%	$34.3M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.939	−0.093%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.932	−0.147%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.936	−0.117%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.944	−0.055%	$336K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.024%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.011%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	12.952	+0.009%	$584K	$3.0M	10x
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.084%	$133K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.936	−0.117%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	−0.141%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.951	long leg	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.933	−0.140%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.927	−0.187%	$631K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.926	−0.196%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.937	−0.113%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.963	+0.092%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0140%	1h	12.945	−0.047%	$81.0M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0152%	1h	12.940	−0.085%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.937	−0.108%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	−0.063%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.928	−0.175%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.951	−0.001%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0556%	1h	12.937	−0.113%	$345K	$45K	10x	as long as short