Funding arb · Price arb /

LINK

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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: KuCoin against Bitget+0.046%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.425% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.046%, 7d avg +0.015%

Together, before fees−0.072%−$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: KuCoin is 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.181	0.0100	pay 0.0100% / 8h	1h 15m	$54.9M	$30.6M	75x
Short	KuCoin LINKUSDTM	13.187	0.0100	get 0.0100% / 8h	1h 15m	$22.4M	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.015%: $3.06
Slippage, 4 orders: −$18.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.41
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	0.38 bp	8.7 bp −$9	13.0 bp −$130	23.8 bp −$2,376	doesn't fit
Sell KuCoin live order book, 4 min ago	1.14 bp	13.3 bp −$13	21.4 bp −$214	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	13.177	−0.031%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.173	−0.060%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.172	−0.068%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.020%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.176	−0.036%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.925%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.167	−0.109%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.174	−0.053%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.188	+0.056%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.172	−0.066%	$32K	$3K	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	13.173	−0.061%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.199	+0.137%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.186	+0.039%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.174	−0.053%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.187	+0.046%	$122.4M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.185	+0.030%	$85.1M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.186	+0.038%	$27.8M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.190	+0.068%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.183	+0.015%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.183	+0.015%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.187	+0.046%	$22.4M	$15.5M	75x
Bitget LINKUSDTlong	+0.0100%	8h	13.181	long leg	$54.9M	$30.6M	75x
BingX LINK-USDT	+0.0100%	8h	13.184	+0.023%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.022%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.013%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.023%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.046%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.177	−0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.173	−0.059%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.190	+0.068%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.181	0.000%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.173%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.172	−0.070%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.178	−0.020%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.061%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.194	+0.099%	$366K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	+0.015%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.173	−0.058%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.189	+0.061%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.193	+0.087%	$7.0M	$8.1M	50x	as long as short