Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Binance against Arcus−0.085%7-day average −0.069% · 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−$46as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.085%, 7d avg −0.069%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.922	0.0100	pay 0.0013% / 1h	29m 03s	$180K	$85K	10x
Short	Binance LINKUSDT	12.911	0.0100	get 0.0100% / 8h	5h 29m	$119.8M	$266.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.069%: −$1.58
Slippage, 4 orders: −$30.35
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.43
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Arcus: live order book, 17 min ago; Binance: live order book, 8 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 Arcus live order book, 17 min ago	13.12 bp	16.3 bp −$16	29.3 bp −$293	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.39 bp	7.4 bp −$7	14.2 bp −$142	38.4 bp −$3,838	115.3 bp −$57.7K

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0221%	8h	12.904	−0.139%	$84K	$858K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.912	−0.075%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.904	−0.139%	$479K	$2.0M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.903	−0.148%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.895	−0.209%	$114K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.040%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0084%	8h	12.890	−0.244%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.911	−0.082%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.902	−0.151%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.902	−0.155%	$346K	$279K	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.918	−0.031%	$81.3M	$25.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.914	−0.060%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.906	−0.127%	$275K	$148K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.911	−0.085%	$119.8M	$266.9M	75x
Bybit LINKUSDT	+0.0100%	8h	12.906	−0.124%	$83.7M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.908	−0.108%	$27.4M	$73.3M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.922	long leg	$180K	$85K	10x
Gate LINK_USDT	+0.0100%	8h	12.908	−0.108%	$133.1M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.912	−0.077%	$35.4M	$55.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.913	−0.070%	$23.0M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.905	−0.132%	$54.0M	$26.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.906	−0.124%	—	$23.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.919	−0.023%	$327K	$355K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.894	−0.219%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.891	−0.240%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.901	−0.163%	$104K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.912	−0.077%	$82K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.921	−0.010%	$33K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.912	−0.077%	$11K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.895	−0.207%	$605K	$674K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.902	−0.157%	$622K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.912	−0.081%	$541K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0174%	1h	12.915	−0.051%	$6.5M	$7.3M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	12.914	−0.062%	$973K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.909	−0.101%	$5.4M	$15.2M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0284%	1h	12.922	+0.002%	$891K	$361K	50x	as long as short
Reya LINKRUSDPERP	+0.0409%	1h	12.898	−0.186%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0409%	8h	12.924	+0.015%	$20.0M	$10.2M	50x	as long as short
dYdX LINK-USD	+0.0445%	1h	12.908	−0.107%	$347K	$32K	10x	as long as short