Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Arcus−0.201%7-day average −0.152% · 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−$84as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.201%, 7d avg −0.152%

Together, before fees+0.202%+$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: HTX is 0.049% cheaper against Arcus than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.916	0.0100	pay 0.0013% / 1h	41m 55s	$180K	$98K	10x
Short	HTX LINK-USDT	12.890	0.0100	get 0.0100% / 8h	7h 41m	$630K	$721K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.152%: −$4.86
Slippage, 4 orders: −$62.32
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$83.69
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from Arcus: live order book, 56 min ago; HTX: live order book, 57 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, 56 min ago	12.42 bp	15.9 bp −$16	26.6 bp −$266	doesn't fit	doesn't fit
Sell HTX live order book, 57 min ago	13.15 bp	28.8 bp −$29	176.3 bp −$1,763	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
Orderly PERP_LINK_USDC	−0.0111%	8h	12.897	−0.147%	$91K	$989K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.900	−0.127%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.907	−0.068%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.900	−0.124%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.995%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.903	−0.097%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.908	−0.060%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.899	−0.135%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.894	−0.170%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.898	−0.135%	$349K	$335K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.900	−0.124%	$80.5M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.900	−0.124%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.897	−0.144%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.894	−0.167%	$119.0M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.888	−0.217%	$83.5M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.886	−0.232%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.916	long leg	$180K	$98K	10x
Gate LINK_USDT	+0.0100%	8h	12.900	−0.124%	$133.7M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.900	−0.124%	$35.9M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.905	−0.085%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.888	−0.217%	$53.8M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.892	−0.186%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.903	−0.101%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.913	−0.020%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.914	−0.013%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.909	−0.053%	$580K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.917	+0.008%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.904	−0.093%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.901	−0.114%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.917	+0.010%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.900	−0.124%	$10K	$61K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.890	−0.201%	$630K	$721K	75x
Extended LINK-USD	+0.0104%	1h	12.882	−0.265%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.901	−0.113%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0130%	1h	12.907	−0.073%	$807K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.062%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.905	−0.085%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.897	−0.147%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0404%	8h	12.914	−0.015%	$20.0M	$11.5M	50x	as long as short
dYdX LINK-USD	+0.1055%	1h	12.896	−0.156%	$344K	$45K	10x	as long as short