Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against Binance+0.018%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.018%, 7d avg +0.012%

Together, before fees−0.026%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.054	0.0100	pay 0.0100% / 8h	7h 10m	$120.6M	$289.2M	75x
Short	Pacifica LINK	13.056	0.0100	get 0.0013% / 1h	10m 01s	$278K	$176K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.012%: $0.59
Slippage, 4 orders: −$15.43
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.84
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Pacifica: live order book, 23 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, 4 min ago	0.38 bp	5.4 bp −$5	10.1 bp −$101	39.7 bp −$3,965	129.5 bp −$64.7K
Sell Pacifica live order book, 23 min ago	5.06 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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	−0.0126%	8h	13.051	−0.021%	$91K	$917K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.056	+0.018%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.064	+0.076%	$498K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	13.045	−0.065%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.008%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.059	+0.039%	$6.5M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.036	−0.137%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.054	+0.003%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.054	+0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.054	+0.002%	$351K	$315K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.062	+0.064%	$81.6M	$27.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.061	+0.057%	$1.2M	$2.4M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.056	+0.018%	$278K	$176K	10x
Binance LINKUSDTlong	+0.0100%	8h	13.054	long leg	$120.6M	$289.2M	75x
Bybit LINKUSDT	+0.0100%	8h	13.048	−0.044%	$84.6M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.048	−0.044%	$27.5M	$77.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.066	+0.094%	$182K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.058	+0.033%	$135.2M	$17.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.056	+0.018%	$35.4M	$60.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.060	+0.048%	$23.2M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.047	−0.051%	$54.6M	$28.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.055	+0.010%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.061	+0.056%	$339K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.047	−0.049%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.991	−0.483%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.001	−0.405%	$586K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.010	−0.335%	$133K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.062	+0.064%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.070	+0.126%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.053	−0.005%	$14K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.034	−0.149%	$626K	$683K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.046	−0.063%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.055	+0.011%	$547K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.050	−0.028%	$937K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.040	−0.105%	$5.3M	$16.1M	75x	as long as short
Phemex LINKUSDT	+0.0268%	8h	13.070	+0.125%	$20.2M	$11.1M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0325%	1h	13.062	+0.061%	$866K	$316K	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.045	−0.067%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0948%	1h	13.051	−0.018%	$351K	$49K	10x	as long as short