Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against Binance+0.002%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.033	0.0100	pay 0.0100% / 8h	5h 31m	$120.2M	$295.9M	75x
Short	BingX LINK-USDC	13.033	0.0100	get 0.0100% / 8h	5h 31m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → 0.000%: $0.17
Slippage, 4 orders: −$15.07
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.9
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; BingX: live order book, 6 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 Binance live order book, 12 min ago	0.38 bp	6.0 bp −$6	11.5 bp −$115	32.0 bp −$3,205	111.8 bp −$55.9K
Sell BingX live order book, 6 min ago	0.77 bp	10.7 bp −$11	20.6 bp −$206	85.6 bp −$8,559	401.1 bp −$200.5K

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	13.029	−0.029%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.034	+0.012%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.030	−0.020%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.855%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.036	+0.025%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.029	−0.029%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.030	−0.025%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	−0.128%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	−0.025%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.028	−0.037%	$396K	$315K	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	13.033	+0.002%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.030	−0.021%	$275K	$170K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.033	long leg	$120.2M	$295.9M	75x
Bybit LINKUSDT	+0.0100%	8h	13.032	−0.006%	$84.2M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.033	+0.002%	$27.5M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.044	+0.086%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.032	−0.006%	$128.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.034	+0.009%	$32.1M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.037	+0.032%	$23.1M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.031	−0.014%	$54.2M	$30.0M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.033	+0.002%	—	$6.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	13.028	−0.037%	$344K	$379K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.994	−0.298%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	−0.116%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	−0.074%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.005	−0.213%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.039	+0.048%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.022	−0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.043	+0.075%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.024	−0.067%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.016	−0.131%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.026	−0.054%	$659K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	+0.004%	$547K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.025	−0.060%	$5.3M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0341%	1h	13.030	−0.020%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.030	−0.023%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0418%	1h	13.029	−0.030%	$774K	$183K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.026	−0.053%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0599%	8h	13.041	+0.063%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0649%	1h	13.053	+0.155%	$81.9M	$27.1M	10x	as long as short