Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: HTX against Gate−0.032%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.032%, 7d avg −0.070%

Together, before fees+0.072%+$7 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: HTX is 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.845	0.0100	pay 0.0100% / 8h	2h 29m	$123.8M	$14.9M	75x
Short	HTX LINK-USDT	12.841	0.0100	get 0.0100% / 8h	2h 29m	$630K	$678K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.070%: $3.82
Slippage, 4 orders: −$58.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$81.38
Costs to cover: 0.852%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; HTX: live order book, 19 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	0.39 bp	7.9 bp −$8	15.2 bp −$152	32.0 bp −$3,200	75.7 bp −$37.9K
Sell HTX live order book, 19 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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 −0.0089% / S +0.0166%	1h	12.849	+0.031%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.853	+0.060%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.849	+0.030%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.464%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	12.840	−0.039%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.848	+0.020%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.840	−0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.841	−0.028%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.845	−0.004%	$344K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.844	−0.009%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.843	−0.016%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.841	−0.032%	$118.2M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.838	−0.054%	$82.8M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.837	−0.062%	$27.2M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.863	+0.140%	$180K	$167K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.845	long leg	$123.8M	$14.9M	75x
MEXC LINK_USDT	+0.0100%	8h	12.840	−0.039%	$33.1M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.843	−0.016%	$22.6M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.834	−0.086%	$53.6M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.839	−0.047%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.845	0.000%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.825	−0.160%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	−0.046%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.825	−0.154%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	−0.054%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.858	+0.101%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.842	−0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.853	+0.062%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.840	−0.039%	$10K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.841	−0.032%	$630K	$678K	75x
Extended LINK-USD	+0.0104%	1h	12.840	−0.043%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.845	−0.003%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.850	+0.039%	$914K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0178%	1h	12.851	+0.047%	$793K	$241K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.843	−0.016%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0225%	1h	12.864	+0.148%	$80.1M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.842	−0.025%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.850	+0.040%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0582%	8h	12.858	+0.101%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0856%	1h	12.839	−0.050%	$342K	$33K	10x	as long as short