Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.026%

Price spread now: Kraken Futures against edgeX+0.044%76s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$360.357% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.044%, 7d avg +0.036%

Together, before fees+0.011%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.900	0.0100	pay 0.0050% / 4h	51m 53s	$43K	$306K	20x
Short	Kraken Futures PF_LINKUSD	12.905	0.0102	get 0.0013% / 1h	51m 53s	$6.5M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0.44
Price spread: +0.044% → +0.036%: $0.84
Slippage, 4 orders: −$16.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$34.46
Costs to cover: 0.357%
Break-even: 552.6 days

Slippage from edgeX: live order book, 51 min ago; Kraken Futures: live order book, 2 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, 51 min ago	2.33 bp	6.8 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.49 bp	11.6 bp −$12	14.1 bp −$141	43.0 bp −$4,304	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 −0.0087% / S +0.0165%	1h	12.896	−0.031%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0054%	8h	12.890	−0.076%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.902	+0.019%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.895	−0.038%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.874%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0060%	1h	12.906	+0.046%	$807K	$268K	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.902	+0.016%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.900	+0.002%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.886	−0.107%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.888	−0.091%	$353K	$339K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.912	+0.095%	$80.9M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.912	+0.094%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.896	−0.031%	$274K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.914	+0.110%	$119.3M	$299.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.909	+0.071%	$83.4M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.911	+0.087%	$27.1M	$79.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.910	+0.079%	$180K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.903	+0.025%	$133.6M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.916	+0.126%	$33.8M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.917	+0.133%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.913	+0.102%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.912	+0.095%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.912	+0.095%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.207%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.900	long leg	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.896	−0.029%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.900	+0.002%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.900	+0.002%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.895	−0.039%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.910	+0.076%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.900	+0.002%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	−0.087%	$630K	$778K	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0102%	1h	12.905	+0.044%	$6.5M	$8.4M	50x
Extended LINK-USD	+0.0104%	1h	12.910	+0.080%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.900	+0.001%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.898	−0.014%	$929K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.898	−0.014%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.891	−0.065%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0538%	1h	12.896	−0.033%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0551%	8h	12.908	+0.064%	$19.9M	$11.3M	50x	as long as short