Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%

Price spread now: edgeX against Extended−0.020%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.020%, 7d avg +0.038%

Together, before fees+0.200%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$20 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: edgeX is 0.058% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.200	0.0104	pay 0.0013% / 1h	33m 30s	$670K	$2.0M	25x
Short	edgeX LINKUSDC	13.198	0.0100	get 0.0050% / 4h	3h 33m	$44K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → +0.038%: −$5.79
Slippage, 4 orders: −$11.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.11
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; edgeX: live order book, 39 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 Extended live order book, 5 min ago	0.38 bp	5.4 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	2.67 bp	7.2 bp −$7	10.3 bp −$103	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 −0.0091% / S +0.0167%	1h	13.201	+0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.207	+0.053%	$476K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.203	+0.017%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0023%	1h	13.208	+0.061%	$784K	$209K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.063%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.229	+0.218%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	13.202	+0.013%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.204	+0.031%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.202	+0.009%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.196	−0.033%	$405K	$309K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.207	+0.050%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.207	+0.048%	$277K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.201	+0.003%	$122.7M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.195	−0.040%	$85.1M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.197	−0.025%	$27.9M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.141%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.201	+0.005%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.205	+0.035%	$37.0M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.205	+0.035%	$23.1M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.204	+0.028%	$54.9M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.203	+0.020%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.099%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.198	−0.020%	$44K	$310K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	−0.040%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.220	+0.149%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.205	+0.035%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.204	+0.029%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.212	+0.089%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.201	+0.005%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.187	−0.105%	$649K	$853K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.200	long leg	$670K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	13.204	+0.030%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.207	+0.051%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0200%	1h	13.212	+0.088%	$369K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	−0.002%	$5.2M	$16.1M	75x	as long as short
dYdX LINK-USD	+0.0300%	1h	13.203	+0.021%	$350K	$48K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.209	+0.063%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.199	−0.009%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0425%	8h	13.220	+0.149%	$20.5M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0589%	1h	13.221	+0.157%	$81.7M	$24.9M	10x	as long as short