Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against edgeX−0.173%55s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as 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−$370.373% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.173%, 7d avg 0.000%

Together, before fees−0.063%+ Points / potential airdropedgeX: Active · farm board−$6 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: BingX is 0.172% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 55 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	edgeX LINKUSDC	12.995	0.0100	pay 0.0050% / 4h	3h 28m	$43K	$308K	20x
Short	BingX LINK-USDC	12.973	0.0100	get 0.0100% / 8h	3h 28m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → 0.000%: −$17.22
Slippage, 4 orders: −$18.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$54.48
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from edgeX: live order book, 25 min ago; BingX: live order book, 9 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 edgeX live order book, 25 min ago	2.30 bp	6.8 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.77 bp	15.9 bp −$16	28.9 bp −$289	91.7 bp −$9,171	409.7 bp −$204.9K

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 −0.0089% / S +0.0166%	1h	12.978	−0.138%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	−0.055%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.980	−0.119%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.582%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.973	−0.173%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.990	−0.043%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.975	−0.154%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.974	−0.163%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.971	−0.188%	$392K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.980	−0.119%	$1.2M	$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	12.978	−0.133%	$277K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.974	−0.162%	$120.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.970	−0.196%	$83.8M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.973	−0.173%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.996	+0.004%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.976	−0.149%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	−0.219%	$32.8M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.980	−0.119%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.974	−0.165%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	12.973	−0.173%	—	$6.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.980	−0.119%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.006	+0.083%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.995	long leg	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.007	+0.088%	$584K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.012%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.977	−0.142%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.973	−0.170%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	−0.019%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.979	−0.126%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.970	−0.196%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	−0.202%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.980	−0.121%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.005	+0.074%	$926K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	12.980	−0.119%	$788K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.974	−0.165%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.980	−0.115%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0342%	1h	12.986	−0.073%	$81.1M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.965	−0.235%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.996	+0.004%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0720%	1h	12.979	−0.130%	$344K	$30K	10x	as long as short