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: SunX against Binance+0.221%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.221%, 7d avg +0.100%

Together, before fees+0.077%+$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: SunX is 0.121% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.999	0.0100	pay 0.0100% / 8h	5h 10m	$120.2M	$296.3M	75x
Short	SunX LINK-USDT	13.028	0.0100	get 0.0100% / 8h	5h 10m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.100%: $12.1
Slippage, 4 orders: −$31.89
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.79
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; SunX: live order book, 5 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	6.6 bp −$7	12.2 bp −$122	34.6 bp −$3,460	117.2 bp −$58.6K
Sell SunX live order book, 5 min ago	13.67 bp	19.2 bp −$19	doesn't fit	doesn't fit	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 −0.0090% / S +0.0167%	1h	13.006	+0.048%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.140%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.008	+0.063%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.611%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.004	+0.036%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.024	+0.190%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.005	+0.042%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0096%	1h	13.008	+0.067%	$773K	$175K	50x	as long as short
Phoenix LINK	+0.0098%	1h	13.026	+0.202%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.019	+0.152%	$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	13.013	+0.105%	$394K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.009	+0.078%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.017	+0.139%	$275K	$173K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.999	long leg	$120.2M	$296.3M	75x
Bybit LINKUSDT	+0.0100%	8h	12.993	−0.049%	$83.9M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.993	−0.049%	$27.4M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	+0.243%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.004	+0.036%	$128.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.990	−0.072%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.006	+0.051%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.992	−0.057%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.001	+0.013%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.006	+0.051%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.080%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	+0.077%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.996	−0.027%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.136%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.024	+0.190%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.004	+0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.028	+0.221%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.005	+0.043%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.996	−0.023%	$641K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.983	−0.125%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	+0.040%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	+0.082%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	13.004	+0.039%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	+0.069%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	13.016	+0.129%	$345K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.019	+0.151%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0649%	1h	13.019	+0.151%	$81.9M	$27.4M	10x	as long as short