Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Gate against Extended+0.044%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.044%, 7d avg +0.051%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.895	0.0104	pay 0.0013% / 1h	54m 03s	$616K	$2.0M	25x
Short	Gate LINK_USDT	12.901	0.0100	get 0.0100% / 8h	7h 54m	$133.9M	$17.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$0.84
Price spread: +0.044% → +0.051%: −$0.7
Slippage, 4 orders: −$17.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.39
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	2.71 bp	6.7 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.77 bp	13.5 bp −$14	24.9 bp −$249	36.1 bp −$3,612	76.2 bp −$38.1K

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
Orderly PERP_LINK_USDC	−0.0104%	8h	12.891	−0.034%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.898	+0.019%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.912	+0.127%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.899	+0.025%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.841%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.898	+0.024%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.910	+0.112%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.897	+0.016%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.896	+0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.896	+0.005%	$349K	$336K	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	12.904	+0.067%	$80.6M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.903	+0.062%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.903	+0.063%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.900	+0.036%	$119.1M	$297.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.896	+0.005%	$83.6M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.902	+0.052%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.915	+0.153%	$180K	$99K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.901	+0.044%	$133.9M	$17.5M	75x
MEXC LINK_USDT	+0.0100%	8h	12.897	+0.013%	$34.8M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.906	+0.083%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.896	+0.005%	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.896	+0.005%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.891	−0.031%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.910	+0.115%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.889	−0.046%	$578K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.899	+0.029%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.905	+0.075%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	+0.186%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.912	+0.132%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.897	+0.013%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.866	−0.228%	$629K	$745K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.895	long leg	$616K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.901	+0.044%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0127%	1h	12.905	+0.075%	$335K	$385K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.904	+0.068%	$807K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.941	+0.354%	$930K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	−0.134%	$5.3M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0378%	1h	12.901	+0.041%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.900	+0.033%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0457%	8h	12.915	+0.153%	$20.0M	$11.5M	50x	as long as short