Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: SunX against Extended+0.166%7-day average +0.150% · 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−$46as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.166%, 7d avg +0.150%

Together, before fees+0.045%+ 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	12.942	0.0104	pay 0.0013% / 1h	19m 11s	$632K	$2.0M	25x
Short	SunX LINK-USDT	12.963	0.0100	get 0.0100% / 8h	4h 19m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$0.84
Price spread: +0.166% → +0.150%: $1.59
Slippage, 4 orders: −$34.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$46.66
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: live order book, 6 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	1.54 bp	6.1 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	13.68 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 −0.0090% / S +0.0167%	1h	12.948	+0.042%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.953	+0.087%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.947	+0.042%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.188%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.944	+0.015%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.949	+0.050%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.955	+0.100%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.961	+0.145%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.948	+0.042%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.944	+0.011%	$391K	$310K	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	12.955	+0.099%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.949	+0.052%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.950	+0.064%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.943	+0.007%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	+0.015%	$27.3M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.968	+0.200%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.949	+0.054%	$128.1M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	+0.046%	$32.7M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.955	+0.100%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	+0.046%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.943	+0.007%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.952	+0.077%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.939	−0.023%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.137%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	+0.146%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.949	+0.054%	$132K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.957	+0.115%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.945	+0.022%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.963	+0.166%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.948	+0.046%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.931	−0.085%	$635K	$693K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.942	long leg	$632K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.951	+0.069%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	12.953	+0.081%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.949	+0.054%	$4.6M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0371%	1h	12.963	+0.158%	$81.1M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.946	+0.031%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.951	+0.072%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0430%	1h	12.946	+0.032%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.963	+0.162%	$20.0M	$11.4M	50x	as long as short