Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h 0.000%

Price spread now: Paradex against Coinbase International−0.097%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.097% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.929	0.0120	pay 0.0015% / 1h	2m 03s	$931K	$2.8M	50x
Short	Paradex LINK-USD-PERP	12.916	0.0100	get 0.0100% / 8h	1h 02m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$4.22
Price spread: −0.097% → 0.000%: −$9.7
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$27.92
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; Paradex: 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 Coinbase International live order book, 2 min ago	2.32 bp	12.3 bp −$12	15.6 bp −$156	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	12.925	−0.029%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0041%	8h	12.916	−0.101%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.932	+0.027%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.926	−0.024%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.092%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.332%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.923	−0.048%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.916	−0.097%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.920	−0.070%	$354K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.927	−0.015%	$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	−0.065%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.921	−0.062%	$119.4M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.914	−0.116%	$83.5M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.920	−0.070%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.938	+0.070%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.922	−0.054%	$134.6M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.922	−0.054%	$34.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.927	−0.015%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.919	−0.077%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.920	−0.070%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.928	−0.008%	$336K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.195%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.946	+0.133%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.941	+0.093%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.951	+0.170%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.927	−0.015%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.937	+0.058%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.922	−0.054%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.911	−0.142%	$631K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.915	−0.105%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.926	−0.024%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0120%	1h	12.929	long leg	$931K	$2.8M	50x
Hyperliquid LINK	+0.0122%	1h	12.929	+0.002%	$80.9M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0160%	1h	12.930	+0.009%	$808K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.926	−0.020%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.932	+0.023%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.919	−0.077%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.938	+0.070%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0577%	1h	12.923	−0.043%	$344K	$45K	10x	as long as short