Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against Gate+0.005%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3083.075% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.005%, 7d avg +0.012%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.831	0.0100	pay 0.0100% / 8h	21m 11s	$132.0M	$17.7M	75x
Short	gTrade (Gains Network) LINK/USD	12.832	L +0.0004% / S −0.0005%	get 0.0001% / 1h	21m 11s	$154K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.005%Rate

Funding earned: −$20.04
Price spread: +0.005% → +0.012%: −$0.63
Slippage, 4 orders: −$282.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$328.17
Costs to cover: 3.075%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 13 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, 3 min ago	0.39 bp	10.0 bp −$10	16.5 bp −$165	34.0 bp −$3,401	78.6 bp −$39.3K
Sell gTrade (Gains Network) virtual book (oracle venue), 13 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0087% / S +0.0165%	1h	12.832	+0.006%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0083%	8h	12.825	−0.047%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.838	+0.057%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0005%	1h	12.832	+0.005%	$154K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.359%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.842	+0.090%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.831	0.000%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.835	+0.032%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.832	+0.012%	$345K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.842	+0.086%	$80.2M	$28.1M	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	12.834	+0.022%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.836	+0.042%	$273K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.833	+0.016%	$118.7M	$299.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.825	−0.047%	$83.0M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.830	−0.008%	$27.0M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.853	+0.171%	$180K	$99K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.831	long leg	$132.0M	$17.7M	75x
MEXC LINK_USDT	+0.0100%	8h	12.833	+0.016%	$34.5M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.837	+0.047%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.830	−0.008%	$53.6M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.831	0.000%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+0.078%	$333K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	+0.032%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.838	+0.056%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	+0.064%	$574K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.845	+0.109%	$131K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.837	+0.047%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	+0.017%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.849	+0.141%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.831	0.000%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.821	−0.078%	$626K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0103%	1h	12.833	+0.017%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.824	−0.054%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.836	+0.042%	$538K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.842	+0.086%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.838	+0.055%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0241%	1h	12.838	+0.053%	$803K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.825	−0.043%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.846	+0.117%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0614%	1h	12.840	+0.071%	$342K	$45K	10x	as long as short