Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Arcus−0.093%7-day average −0.078% · 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−$47as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.820%+$82 · spread now −0.093%, 7d avg −0.078%

Together, before fees+0.821%+ Points / potential airdropedgeX: Active · farm board+$82 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	13.029	0.0100	pay 0.0013% / 1h	47m 04s	$182K	$168K	10x
Short	edgeX LINKUSDC	13.017	0.0100	get 0.0050% / 4h	2h 47m	$43K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.078%: −$1.44
Slippage, 4 orders: −$31.63
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.57
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Arcus: live order book, 21 min ago; edgeX: live order book, 21 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, 21 min ago	8.71 bp	19.8 bp −$20	36.5 bp −$365	doesn't fit	doesn't fit
Sell edgeX live order book, 21 min ago	2.65 bp	7.2 bp −$7	10.5 bp −$105	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	13.012	−0.133%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.008	−0.157%	$461K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.012	−0.133%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0027%	1h	13.010	−0.143%	$345K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.828%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	−0.051%	$3K	$86K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0065%	1h	13.007	−0.167%	$772K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.001	−0.215%	$120K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.001	−0.215%	$956K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.004	−0.192%	$1.9M	$2.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0099%	8h	13.065	+0.278%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.002	−0.203%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.005	−0.186%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.010	−0.147%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.001	−0.211%	$120.2M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.000	−0.223%	$83.9M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.002	−0.207%	$27.3M	$84.0M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.029	long leg	$182K	$168K	10x
Gate LINK_USDT	+0.0100%	8h	13.011	−0.138%	$128.8M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.002	−0.207%	$35.1M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.005	−0.184%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.000	−0.223%	$53.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.004	−0.192%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.011	−0.138%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.288%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.017	−0.093%	$43K	$310K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.013	−0.122%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.024	−0.038%	$134K	$681K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.015	−0.107%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.001	−0.213%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.027	−0.018%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.002	−0.207%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.998	−0.235%	$641K	$871K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.994	−0.269%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.000	−0.221%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.192%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.009	−0.157%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0470%	1h	13.017	−0.092%	$80.0M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.005	−0.184%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0567%	8h	13.019	−0.077%	$20.1M	$11.5M	50x	as long as short