Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: edgeX against Derive−0.521%7-day average — · you buy dearer than you sell

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

Long on Derive Short on edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.521% cheaper against Derive than usual: you would sell low and buy high, −$52 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	13.192	0.0100	pay 0.0013% / 1h	20m 39s	$16K	$22K	10x
Short	edgeX LINKUSDC	13.123	0.0100	get 0.0050% / 4h	1h 20m	$44K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Derive. 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 DerivebpFee edgeXbpOrdersPrice spread, now −0.521%Rate

Funding earned: $0
Price spread: −0.521% → 0.000%: −$52.09
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$67.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; edgeX: live order book, 62 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell edgeX live order book, 62 min ago	2.28 bp	6.8 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit

Derive: 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 −0.0090% / S +0.0167%	1h	13.194	+0.014%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.173	−0.142%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.205	+0.098%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.199	+0.056%	$721K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.194	+0.019%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.002%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.193	+0.009%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.193	+0.009%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.177	−0.113%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.173	−0.145%	$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	13.192	+0.001%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.189	−0.021%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.179	−0.094%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.175	−0.128%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.169	−0.173%	$122.3M	$303.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.169	−0.173%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.170	−0.165%	$27.7M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.191	−0.006%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.177	−0.112%	$130.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.173	−0.143%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	−0.052%	$22.5M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.174	−0.135%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.175	−0.128%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.119	−0.553%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.123	−0.521%	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.134	−0.436%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	−0.446%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.194	+0.016%	$82K	$69K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.192	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.209	+0.132%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.195	+0.024%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.169	−0.169%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.170	−0.162%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.198	+0.047%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.200	+0.062%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0214%	1h	13.189	−0.021%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.193	+0.009%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.190	−0.015%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0466%	8h	13.210	+0.138%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.201	+0.072%	$7.0M	$8.1M	50x	as long as short