Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: edgeX against Bybit+0.405%111s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as 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−$280.277% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.396%+$40 · spread now +0.405%, 7d avg +0.016%

Together, before fees+0.492%+ Points / potential airdropedgeX: Active · farm board+$49 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: edgeX is 0.389% dearer against Bybit than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 111 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	Bybit LINKUSDT	12.974	0.0100	pay 0.0100% / 8h	5h 57m	$84.0M	$71.1M	75x
Short	edgeX LINKUSDC	13.027	0.0100	get 0.0050% / 4h	1h 57m	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.405%Rate

Funding earned: $0
Price spread: +0.405% → +0.016%: $38.91
Slippage, 4 orders: −$7.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.23
Costs to cover: 0.277%
Break-even: from the start

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 5 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 Bybit live order book, 1 min ago	0.38 bp	6.9 bp −$7	11.7 bp −$117	36.6 bp −$3,664	doesn't fit
Sell edgeX live order book, 5 min ago	2.30 bp	6.9 bp −$7	10.3 bp −$103	doesn't fit	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	13.000	+0.200%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	12.979	+0.037%	$344K	$30K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.014	+0.310%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.002	+0.216%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.424%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	+0.433%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.018	+0.339%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.997	+0.177%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.979	+0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.979	+0.042%	$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	13.012	+0.297%	$396K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.982	+0.062%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.980	+0.048%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.980	+0.046%	$119.4M	$297.5M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	12.974	long leg	$84.0M	$71.1M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.974	0.000%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.998	+0.185%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.975	+0.008%	$128.0M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.979	+0.039%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.981	+0.054%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.976	+0.015%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.979	+0.039%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.994	+0.154%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	+0.349%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.027	+0.405%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.476%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.028	+0.416%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.023	+0.378%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.000	+0.197%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.439%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.999	+0.193%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.010	+0.276%	$642K	$687K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	−0.035%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.000	+0.197%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0242%	1h	13.005	+0.241%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.001	+0.205%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0541%	1h	12.995	+0.166%	$81.2M	$26.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.000	+0.197%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.007	+0.254%	$20.1M	$11.6M	50x	as long as short