Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0277%/8h= +30.3% APRpaid last 24h +0.073%

Price spread now: Reya against edgeX+0.142%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.142% dearer against edgeX than usual: you sell high and buy low: +$14 more if the spread 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	edgeX LINKUSDC	13.179	0.0100	pay 0.0050% / 4h	1h 05m	$44K	$308K	20x
Short	Reya LINKRUSDPERP	13.198	0.0377	get 0.0047% / 1h	5m 10s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.142%Rate

Funding earned: $58.14
Price spread: +0.142% → 0.000%: $14.24
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $57.38
Costs to cover: 0.150%
Break-even: 0.1 days

Slippage unknown: edgeX: live order book, 13 min ago; Reya: no order-book sample. 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 edgeX live order book, 13 min ago	2.28 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	13.199	+0.152%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.193	+0.103%	$498K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.204	+0.190%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.199	+0.149%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.911%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.192	+0.100%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.196	+0.129%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0050%	1h	13.187	+0.061%	$349K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.199	+0.153%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.194	+0.115%	$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	13.197	+0.136%	$403K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.216	+0.280%	$78.1M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.202	+0.173%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.192	+0.097%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.206	+0.205%	$122.8M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.207	+0.212%	$85.3M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.212	+0.250%	$27.9M	$86.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.208	+0.220%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.198	+0.144%	$130.8M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.200	+0.159%	$36.4M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.202	+0.174%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.198	+0.144%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.199	+0.151%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	+0.073%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.179	long leg	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.189	+0.072%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.188	+0.068%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.201	+0.167%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.195	+0.123%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.212	+0.248%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.200	+0.159%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.142	−0.282%	$646K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.197	+0.136%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.201	+0.168%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.191	+0.091%	$992K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0216%	1h	13.211	+0.242%	$364K	$379K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.159%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERPshort	+0.0377%	1h	13.198	+0.142%	$5K	—	20x
Phemex LINKUSDT	+0.0468%	8h	13.202	+0.174%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.208	+0.219%	$7.0M	$8.1M	50x	as long as short