Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: OKX against Arcus−0.137%7-day average −0.082% · 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−$52as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.137%, 7d avg −0.082%

Together, before fees+0.081%+$8 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: OKX is 0.054% 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 −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.176	0.0100	pay 0.0013% / 1h	29m 37s	$185K	$172K	10x
Short	OKX LINK-USDT-SWAP	13.158	0.0100	get 0.0100% / 8h	7h 29m	$27.7M	$84.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.082%: −$5.43
Slippage, 4 orders: −$32.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.44
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from Arcus: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	11.44 bp	19.8 bp −$20	34.8 bp −$348	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.38 bp	7.3 bp −$7	15.5 bp −$155	28.2 bp −$2,822	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 −0.0091% / S +0.0167%	1h	13.154	−0.165%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.003%	$474K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	−0.130%	$781K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.154	−0.165%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.889%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.247%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.153	−0.175%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.156	−0.150%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.156	−0.150%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.151	−0.186%	$404K	$309K	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	13.167	−0.072%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.161	−0.115%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.158	−0.140%	$122.3M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	−0.175%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.158	−0.137%	$27.7M	$84.3M	50x
Arcus LINK-USDlong	+0.0100%	1h	13.176	long leg	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.159	−0.129%	$130.2M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	−0.121%	$37.1M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.168	−0.061%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.160	−0.121%	$54.8M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.160	−0.121%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.004%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.183	+0.056%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.174	−0.013%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.220%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	−0.159%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.168%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	−0.017%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.167%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.153	−0.171%	$647K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.159	−0.128%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.145%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.099%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0187%	1h	13.171	−0.038%	$367K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	−0.030%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.163	−0.097%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.151	−0.191%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0487%	1h	13.159	−0.126%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0580%	8h	13.173	−0.023%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0582%	1h	13.181	+0.038%	$81.5M	$25.1M	10x	as long as short