Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.030%

Price spread now: edgeX against BloFin−0.001%101s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.001%, 7d avg −0.018%

Together, before fees−0.243%+ Points / potential airdropedgeX: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.932	0.0220	pay 0.0220% / 8h	1h 01m	$5.2M	$15.9M	75x
Short	edgeX LINKUSDC	12.932	0.0100	get 0.0050% / 4h	1h 01m	$43K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$25.2
Price spread: −0.001% → −0.018%: $1.68
Slippage, 4 orders: −$9.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.93
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 41 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 BloFin live order book, 2 min ago	1.16 bp	7.6 bp −$8	10.1 bp −$101	26.8 bp −$2,682	doesn't fit
Sell edgeX live order book, 41 min ago	2.33 bp	6.9 bp −$7	10.5 bp −$105	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 −0.0087% / S +0.0165%	1h	12.925	−0.052%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0041%	8h	12.916	−0.124%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.932	+0.004%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.926	−0.047%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.114%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.309%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.921	−0.085%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.919	−0.101%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.914	−0.143%	$354K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.925	−0.052%	$1.3M	$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	12.921	−0.083%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.918	−0.108%	$119.3M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.910	−0.170%	$83.4M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.914	−0.139%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.939	+0.054%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.921	−0.085%	$134.6M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.922	−0.077%	$34.1M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.925	−0.054%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.919	−0.101%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.918	−0.108%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.928	−0.031%	$336K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.172%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.932	−0.001%	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.931	−0.009%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.951	+0.147%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.927	−0.039%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.937	+0.035%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.922	−0.077%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.911	−0.165%	$631K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.914	−0.140%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.926	−0.048%	$542K	$2K	3x	as long as short
Hyperliquid LINK	+0.0120%	1h	12.931	−0.011%	$80.9M	$28.0M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.929	−0.023%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0160%	1h	12.930	−0.014%	$808K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.926	−0.043%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.932	long leg	$5.2M	$15.9M	75x
Reya LINKRUSDPERP	+0.0399%	1h	12.919	−0.101%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.938	+0.046%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0585%	1h	12.923	−0.066%	$344K	$45K	10x	as long as short