Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX−0.001%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$630.625% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.001%, 7d avg −0.089%

Together, before fees−0.197%+ Points / potential airdropPacifica: Active · farm board−$20 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: Pacifica is 0.087% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.068	0.0100	pay 0.0100% / 8h	5h 22m	$34K	$1.5M	30x
Short	Pacifica LINK	13.067	0.0100	get 0.0013% / 1h	22m 22s	$276K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.089%: $8.73
Slippage, 4 orders: −$46.55
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.82
Costs to cover: 0.625%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; Pacifica: live order book, 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, 2 min ago	15.41 bp	19.8 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 41 min ago	5.38 bp	11.7 bp −$12	doesn't fit	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 −0.0090% / S +0.0167%	1h	13.049	−0.145%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.052	−0.119%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.064	−0.029%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.108%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.055	−0.096%	$966K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.050	−0.134%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.065	−0.022%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.042	−0.194%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.071	+0.029%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.069	+0.015%	$395K	$314K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.070	+0.020%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.067	−0.001%	$276K	$171K	10x
Binance LINKUSDT	+0.0100%	8h	13.067	−0.002%	$120.7M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.065	−0.019%	$84.5M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.069	+0.011%	$27.5M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.083	+0.119%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.069	+0.011%	$129.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.069	+0.011%	$32.2M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.071	+0.027%	$23.1M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.070	+0.019%	$54.3M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.065	−0.019%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.054	−0.103%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.009	−0.449%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.308%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.993	−0.570%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	−0.256%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.076	+0.065%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.049	−0.145%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.068	long leg	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.052	−0.119%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.016	−0.393%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.066	−0.011%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.052	−0.119%	$547K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.043	−0.187%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0263%	1h	13.056	−0.086%	$775K	$174K	50x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.066	−0.013%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0434%	1h	13.063	−0.037%	$346K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.053	−0.113%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0592%	8h	13.065	−0.019%	$20.2M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0669%	1h	13.089	+0.165%	$82.4M	$27.2M	10x	as long as short