Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.080%

Price spread now: Reya against Binance+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.040% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.174	0.0100	pay 0.0100% / 8h	7h 27m	$122.5M	$302.0M	75x
Short	Reya LINKRUSDPERP	13.179	0.0381	get 0.0048% / 1h	27m 48s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.040%Rate

Funding earned: $59.07
Price spread: +0.040% → 0.000%: $4.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $47.12
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: Binance: live order book, 16 min ago; Reya: no order-book sample. Net counts fees only.

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, 16 min ago	0.38 bp	7.0 bp −$7	10.9 bp −$109	29.2 bp −$2,917	99.1 bp −$49.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.181	+0.052%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.185	+0.087%	$474K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.181	+0.056%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.875%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.263%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.185	+0.083%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.182	+0.062%	$2.0M	$2.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	13.192	+0.135%	$783K	$211K	50x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.227	+0.399%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.185	+0.083%	$405K	$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	13.179	+0.038%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	+0.111%	$276K	$154K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.174	long leg	$122.5M	$302.0M	75x
Bybit LINKUSDT	+0.0100%	8h	13.170	−0.030%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.172	−0.015%	$27.6M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.200	+0.197%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.176	+0.015%	$130.4M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.174	0.000%	$37.2M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.181	+0.053%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.168	−0.046%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.173	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	+0.011%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.183	+0.072%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.174	+0.002%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.235%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.184	+0.076%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.183	+0.072%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.188	+0.110%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.068%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.179	+0.037%	$648K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.168	−0.046%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.188	+0.107%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.177	+0.023%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0188%	1h	13.191	+0.129%	$368K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.167	−0.053%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.190	+0.124%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERPshort	+0.0381%	1h	13.179	+0.040%	$5K	—	20x
Phemex LINKUSDT	+0.0471%	8h	13.200	+0.197%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0480%	1h	13.183	+0.072%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0580%	1h	13.190	+0.121%	$81.6M	$25.1M	10x	as long as short