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: HTX against edgeX−0.123%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.123%, 7d avg −0.058%

Together, before fees+0.116%+ Points / potential airdropedgeX: Active · farm board+$12 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: HTX is 0.065% cheaper against edgeX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.002	0.0100	pay 0.0050% / 4h	3h 45m	$43K	$307K	20x
Short	HTX LINK-USDT	12.986	0.0100	get 0.0100% / 8h	3h 45m	$637K	$694K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.058%: −$6.49
Slippage, 4 orders: −$59.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.29
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from edgeX: live order book, 8 min ago; HTX: 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, 8 min ago	2.30 bp	6.8 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	20.52 bp	30.5 bp −$30	245.1 bp −$2,451	doesn't fit	doesn't fit

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	13.005	+0.025%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.124%	$500K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.008	+0.042%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.631%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.010	+0.061%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.000	−0.014%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.014	+0.092%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	+0.010%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.012	+0.080%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.016	+0.110%	$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	13.006	+0.032%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.012	+0.076%	$121.1M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.007	+0.038%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.011	+0.068%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.025	+0.176%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.012	+0.076%	$128.9M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	+0.061%	$32.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.015	+0.099%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.008	+0.045%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.011	+0.068%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.008	+0.047%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.002	long leg	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.993	−0.072%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.006	+0.030%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	+0.061%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	+0.096%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.219%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.017	+0.114%	$12K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.986	−0.123%	$637K	$694K	75x
Extended LINK-USD	+0.0104%	1h	13.004	+0.017%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.018	+0.126%	$546K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.997	−0.039%	$925K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0122%	1h	13.019	+0.130%	$342K	$391K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.008	+0.045%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0234%	1h	13.023	+0.158%	$786K	$205K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.020	+0.136%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0309%	1h	13.005	+0.024%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	13.002	+0.003%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0402%	1h	13.027	+0.191%	$81.6M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0528%	8h	13.028	+0.199%	$20.1M	$11.3M	50x	as long as short