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 0.000%

Price spread now: KuCoin against BingX+0.008%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	13.035	0.0100	pay 0.0100% / 8h	5h 52m	—	$6.6M	—
Short	KuCoin LINKUSDTM	13.036	0.0100	get 0.0100% / 8h	5h 52m	$23.1M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.77
Slippage, 4 orders: −$24.81
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.04
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; KuCoin: live order book, 6 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, 14 min ago	0.77 bp	10.2 bp −$10	20.7 bp −$207	80.6 bp −$8,059	410.0 bp −$205.0K
Sell KuCoin live order book, 6 min ago	1.15 bp	10.5 bp −$11	15.2 bp −$152	59.2 bp −$5,917	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
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0167%	1h	13.016	−0.142%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.023	−0.090%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.018	−0.132%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.871%	$4K	$48K	12x	as long as short
ApeX Omni LINKUSDT	+0.0039%	1h	12.976	−0.453%	$133K	$672K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.010	−0.192%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.018	−0.130%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.039	+0.027%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.002	−0.252%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	−0.249%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.998	−0.282%	$395K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.032	−0.023%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.999	−0.279%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.037	+0.015%	$120.0M	$296.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.034	−0.008%	$84.3M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.036	+0.008%	$27.5M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.015	−0.153%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.036	+0.008%	$128.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.035	0.000%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.036	+0.008%	$23.1M	$13.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.037	+0.015%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.035	long leg	—	$6.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	13.030	−0.038%	$340K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	−0.005%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	−0.304%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.973	−0.474%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	−0.192%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.020	−0.117%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	−0.174%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.021	−0.107%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.984	−0.390%	$641K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.026	−0.065%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.023	−0.096%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0349%	1h	13.024	−0.081%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0357%	1h	12.991	−0.336%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.001	−0.262%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.025	−0.077%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0605%	8h	13.036	+0.008%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0685%	1h	13.056	+0.161%	$81.7M	$26.4M	10x	as long as short