Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%

Price spread now: Extended against edgeX−0.126%53s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$260.261% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.702%−$70 · spread now −0.126%, 7d avg −0.041%

Together, before fees−0.741%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$74 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: Extended is 0.085% cheaper against edgeX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 53 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	13.031	0.0100	pay 0.0050% / 4h	2h 00m	$43K	$306K	20x
Short	Extended LINK-USD	13.015	0.0104	get 0.0013% / 1h	0m 23s	$703K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0.84
Price spread: −0.126% → −0.041%: −$8.45
Slippage, 4 orders: −$12.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.68
Costs to cover: 0.261%
Break-even: 287.7 days

Slippage from edgeX: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	2.30 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.30 bp	7.0 bp −$7	8.5 bp −$85	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	13.011	−0.157%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.035	+0.026%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.015	−0.122%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.845%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	−0.009%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.014	−0.133%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.030	−0.010%	$954K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.021	−0.079%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.021	−0.078%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.019	−0.091%	$396K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.027	−0.036%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.023	−0.062%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.016	−0.118%	$119.7M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.012	−0.148%	$84.1M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.015	−0.125%	$27.5M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.038	+0.051%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.015	−0.125%	$128.4M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.015	−0.125%	$32.4M	$59.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.025	−0.049%	$23.1M	$13.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.016	−0.118%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.013	−0.141%	—	$22.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	−0.093%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.031	long leg	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.033%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.037	+0.043%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.025	−0.049%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	−0.123%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	0.000%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.027	−0.033%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	−0.154%	$642K	$688K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.015	−0.126%	$703K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	13.014	−0.135%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0144%	1h	13.030	−0.010%	$339K	$378K	15x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.011	−0.157%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0409%	1h	13.022	−0.069%	$345K	$30K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0472%	1h	13.030	−0.006%	$774K	$212K	50x	as long as short
Hyperliquid LINK	+0.0490%	1h	13.038	+0.051%	$81.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.030	−0.014%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0625%	8h	13.044	+0.097%	$20.1M	$11.5M	50x	as long as short