Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget−0.005%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now −0.005%, 7d avg −0.056%

Together, before fees+0.017%+$2 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: HTX is 0.051% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.109	0.0100	pay 0.0100% / 8h	23m 41s	$54.5M	$30.6M	75x
Short	HTX LINK-USDT	13.108	0.0100	get 0.0100% / 8h	23m 41s	$645K	$884K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.056%: $5.1
Slippage, 4 orders: −$43.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.52
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 55 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 Bitget live order book, 5 min ago	0.38 bp	7.9 bp −$8	13.4 bp −$134	29.5 bp −$2,946	doesn't fit
Sell HTX live order book, 55 min ago	18.77 bp	25.7 bp −$26	220.3 bp −$2,203	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 −0.0091% / S +0.0167%	1h	13.112	+0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.141	+0.243%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.106	−0.023%	$723K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.115	+0.046%	$132K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.328%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.408%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.104	−0.038%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.099	−0.078%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.104	−0.036%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.118	+0.069%	$400K	$311K	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	13.117	+0.059%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.106	−0.020%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.103	−0.046%	$121.8M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.106	−0.023%	$84.4M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.108	−0.008%	$27.6M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.120	+0.084%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.112	+0.023%	$130.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.110	+0.008%	$36.3M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.115	+0.046%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.109	long leg	$54.5M	$30.6M	75x
BingX LINK-USDC	+0.0100%	8h	13.107	−0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.221%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.118	+0.066%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.265%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.298%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.114	+0.038%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.107	−0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.128	+0.142%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.103	−0.046%	$5K	$36K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.108	−0.005%	$645K	$884K	75x
Extended LINK-USD	+0.0104%	1h	13.102	−0.054%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.106	−0.025%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.123	+0.107%	$993K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.115	+0.046%	$5.2M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0226%	1h	13.111	+0.015%	$362K	$377K	15x	as long as short
Hyperliquid LINK	+0.0281%	1h	13.114	+0.038%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.108	−0.010%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.113	+0.029%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0485%	8h	13.123	+0.107%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0612%	1h	13.114	+0.035%	$347K	$48K	10x	as long as short