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: SunX against edgeX+0.001%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now +0.001%, 7d avg +0.119%

Together, before fees+0.133%+ Points / potential airdropedgeX: Active · farm board+$13 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: SunX is 0.118% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.952	0.0100	pay 0.0050% / 4h	3h 24m	$43K	$306K	20x
Short	SunX LINK-USDT	12.952	0.0100	get 0.0100% / 8h	3h 24m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.119%: −$11.83
Slippage, 4 orders: −$33.83
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$62.65
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; SunX: live order book, 10 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, 28 min ago	2.30 bp	6.8 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	13.67 bp	19.2 bp −$19	doesn't fit	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	12.940	−0.094%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.951	−0.006%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.941	−0.082%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.260%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.937	−0.114%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.990	+0.294%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.934	−0.140%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.935	−0.128%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.930	−0.168%	$390K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.940	−0.090%	$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	12.936	−0.123%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.934	−0.141%	$120.0M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.931	−0.160%	$83.5M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.929	−0.176%	$27.4M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.954	+0.017%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.933	−0.145%	$128.1M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.935	−0.129%	$32.6M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.940	−0.091%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.933	−0.145%	$53.9M	$29.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.937	−0.114%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.944	−0.060%	$340K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.938	−0.106%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.952	long leg	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.976	+0.187%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.955	+0.025%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.937	−0.114%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.939	−0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.952	+0.001%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.939	−0.099%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.934	−0.139%	$635K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.933	−0.143%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.942	−0.075%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.953	+0.009%	$922K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0105%	1h	12.945	−0.055%	$786K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.939	−0.099%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.942	−0.077%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0325%	1h	12.947	−0.039%	$80.9M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.926	−0.201%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0551%	8h	12.958	+0.048%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0835%	1h	12.940	−0.087%	$344K	$31K	10x	as long as short