Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against BingX+0.165%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.165%, 7d avg 0.000%

Together, before fees+0.070%+ Points / potential airdropedgeX: Active · farm board+$7 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: edgeX is 0.165% dearer against BingX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	12.974	0.0100	pay 0.0100% / 8h	3h 28m	—	$6.7M	—
Short	edgeX LINKUSDC	12.995	0.0100	get 0.0050% / 4h	3h 28m	$43K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → 0.000%: $16.48
Slippage, 4 orders: −$18.25
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$20.77
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; edgeX: live order book, 24 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 BingX live order book, 8 min ago	0.77 bp	7.7 bp −$8	18.2 bp −$182	83.0 bp −$8,304	381.3 bp −$190.6K
Sell edgeX live order book, 24 min ago	2.30 bp	6.8 bp −$7	10.1 bp −$101	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 −0.0089% / S +0.0166%	1h	12.978	+0.027%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	+0.110%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.980	+0.046%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.424%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.973	−0.008%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.990	+0.122%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.977	+0.023%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	+0.073%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.976	+0.019%	$392K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.980	+0.048%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.988	+0.108%	$277K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.976	+0.015%	$120.5M	$300.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.973	−0.008%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.977	+0.023%	$27.4M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.999	+0.193%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.976	+0.015%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.974	0.000%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.977	+0.023%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.977	+0.023%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	12.974	long leg	—	$6.7M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.980	+0.046%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.006	+0.248%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.995	+0.165%	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.007	+0.253%	$584K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.177%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.985	+0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.973	−0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	+0.146%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.979	+0.039%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.970	−0.031%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.970	−0.029%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.980	+0.044%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.005	+0.239%	$926K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	12.980	+0.046%	$788K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.974	0.000%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.980	+0.050%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0344%	1h	12.991	+0.131%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.978	+0.034%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.996	+0.170%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0687%	1h	12.985	+0.088%	$344K	$30K	10x	as long as short