Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against Gate+0.053%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.053%, 7d avg −0.004%

Together, before fees+0.013%+$1 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: BingX is 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.148	0.0100	pay 0.0100% / 8h	1h 33m	$130.5M	$12.7M	75x
Short	BingX LINK-USDC	13.155	0.0100	get 0.0100% / 8h	1h 33m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.004%: $5.75
Slippage, 4 orders: −$27.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$46.84
Costs to cover: 0.526%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 3 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 Gate live order book, 5 min ago	1.14 bp	13.5 bp −$14	18.6 bp −$186	38.1 bp −$3,814	80.9 bp −$40.5K
Sell BingX live order book, 3 min ago	0.76 bp	12.9 bp −$13	21.7 bp −$217	83.2 bp −$8,322	443.0 bp −$221.5K

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	13.140	−0.062%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.156	+0.058%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.145	−0.026%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.146	−0.014%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.142	−0.045%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.689%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.166	+0.138%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.143	−0.038%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.155	+0.056%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.141	−0.054%	$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	13.126	−0.167%	$399K	$312K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.164	+0.122%	$77.7M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.154	+0.042%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	−0.029%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.151	+0.023%	$122.0M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.152	+0.030%	$84.9M	$70.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.154	+0.046%	$27.6M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.155	+0.053%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.148	long leg	$130.5M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.154	+0.046%	$36.5M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	+0.061%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	+0.046%	$54.8M	$30.4M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.155	+0.053%	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.155	+0.053%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.160	+0.088%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.159	+0.085%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.182	+0.259%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.127	−0.160%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.140	−0.060%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.143	−0.038%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.145	−0.023%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.127	−0.160%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	+0.043%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.146	−0.019%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.135	−0.099%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.157	+0.068%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.147	−0.008%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.123	−0.193%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0471%	8h	13.161	+0.099%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.157	+0.068%	$6.9M	$8.0M	50x	as long as short