Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0301%/8h= +32.9% APRpaid last 24h +0.080%

Price spread now: Reya against BingX−0.007%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDT	12.864	0.0100	pay 0.0100% / 8h	18m 49s	—	$23.3M	—
Short	Reya LINKRUSDPERP	12.863	0.0401	get 0.0050% / 1h	18m 49s	$4K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.007%Rate

Funding earned: $63.19
Price spread: −0.007% → 0.000%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $46.46
Costs to cover: 0.160%
Break-even: 1.9 days

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	1.17 bp	6.2 bp −$6	8.4 bp −$84	20.3 bp −$2,025	42.5 bp −$21.2K
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 −0.0087% / S +0.0165%	1h	12.865	+0.005%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0085%	8h	12.858	−0.047%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.861	−0.023%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.866	+0.015%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.607%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.842	−0.167%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.867	+0.020%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.858	−0.050%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.861	−0.027%	$346K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.880	+0.124%	$80.4M	$28.1M	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	12.869	+0.037%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.851	−0.101%	$273K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.869	+0.040%	$119.0M	$299.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.860	−0.031%	$83.2M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.867	+0.023%	$27.0M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.877	+0.101%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.865	+0.008%	$132.3M	$17.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.866	+0.016%	$34.6M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.869	+0.039%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.858	−0.047%	$53.7M	$30.2M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	12.864	long leg	—	$23.3M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.878	+0.109%	$334K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.823	−0.317%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.838	−0.201%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.830	−0.263%	$575K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.845	−0.148%	$131K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.870	+0.047%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.866	+0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.878	+0.110%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.872	+0.062%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.850	−0.110%	$628K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.872	+0.063%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.859	−0.038%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.873	+0.074%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.832	−0.249%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.870	+0.047%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0372%	1h	12.878	+0.106%	$805K	$268K	50x	as long as short
Reya LINKRUSDPERPshort	+0.0401%	1h	12.863	−0.007%	$4K	—	20x
Phemex LINKUSDT	+0.0548%	8h	12.879	+0.117%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0657%	1h	12.851	−0.098%	$342K	$45K	10x	as long as short