Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against Binance+0.020%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.020%, 7d avg −0.007%

Together, before fees−0.053%−$5 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: Gate is 0.027% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.917	0.0100	pay 0.0100% / 8h	7h 56m	$119.4M	$298.0M	75x
Short	Gate LINK_USDT	12.920	0.0100	get 0.0100% / 8h	7h 56m	$134.1M	$17.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.007%: $2.71
Slippage, 4 orders: −$13.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.15
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	0.39 bp	7.5 bp −$7	13.3 bp −$133	34.5 bp −$3,454	113.9 bp −$57.0K
Sell Gate live order book, 2 min ago	0.77 bp	13.5 bp −$14	24.9 bp −$249	36.1 bp −$3,612	76.2 bp −$38.1K

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	−0.0100%	8h	12.914	−0.026%	$91K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.919	+0.014%	$1.7M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	12.908	−0.072%	$344K	$45K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.915	−0.017%	$515K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.919	+0.012%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.005%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.924	+0.049%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.910	−0.058%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.921	+0.026%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.915	−0.019%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.912	−0.038%	$349K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.929	+0.090%	$80.7M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.918	+0.003%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.911	−0.048%	$275K	$182K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.917	long leg	$119.4M	$298.0M	75x
Bybit LINKUSDT	+0.0100%	8h	12.912	−0.041%	$83.7M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.918	+0.005%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.930	+0.098%	$181K	$99K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.920	+0.020%	$134.1M	$17.4M	75x
MEXC LINK_USDT	+0.0100%	8h	12.917	−0.003%	$35.0M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.921	+0.028%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.914	−0.026%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.916	−0.010%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.879	−0.299%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	−0.192%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.889	−0.217%	$578K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.899	−0.142%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	+0.005%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	+0.015%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.935	+0.135%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.920	+0.020%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.195%	$630K	$750K	75x	as long as short
Phemex LINKUSDT	+0.0100%	8h	12.938	+0.160%	$20.0M	$11.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.913	−0.032%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.922	+0.036%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0175%	1h	12.931	+0.106%	$336K	$385K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.923	+0.044%	$929K	$3.0M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.914	−0.026%	$5.3M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0238%	1h	12.927	+0.074%	$809K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.912	−0.040%	$4K	—	20x	as long as short