Funding arb · Price arb /

LINK

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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: KuCoin against SunX−0.046%7-day average −0.099% · you buy dearer than you sell

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.046%, 7d avg −0.099%

Together, before fees−0.145%−$14 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: KuCoin is 0.053% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.859	0.0100	pay 0.0100% / 8h	2h 23m	$33K	$1.5M	30x
Short	KuCoin LINKUSDTM	12.853	0.0100	get 0.0100% / 8h	2h 23m	$22.7M	$13.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.099%: $5.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$14.65
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; KuCoin: 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 SunX live order book, 12 min ago	253.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.95 bp	14.7 bp −$15	22.9 bp −$229	60.4 bp −$6,041	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 −0.0089% / S +0.0166%	1h	12.843	−0.123%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.855	−0.031%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.846	−0.100%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.569%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	12.839	−0.155%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.826	−0.258%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.849	−0.077%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.845	−0.108%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.838	−0.163%	$344K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.853	−0.046%	$1.2M	$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	12.849	−0.074%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.861	+0.020%	$118.2M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.848	−0.085%	$82.9M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.854	−0.038%	$27.2M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.859	+0.001%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.849	−0.077%	$124.0M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.854	−0.038%	$32.7M	$57.6M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.853	−0.046%	$22.7M	$13.1M	75x
Bitget LINKUSDT	+0.0100%	8h	12.850	−0.069%	$53.7M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.852	−0.054%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.861	+0.016%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.346%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.810	−0.380%	$42K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.833	−0.199%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.810	−0.380%	$131K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.849	−0.077%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.844	−0.113%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.859	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.850	−0.069%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.828	−0.241%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.842	−0.128%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.850	−0.072%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	−0.015%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0201%	1h	12.854	−0.037%	$793K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.854	−0.038%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0225%	1h	12.866	+0.055%	$80.1M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.850	−0.069%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.841	−0.139%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.855	−0.030%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0793%	1h	12.849	−0.078%	$342K	$33K	10x	as long as short