Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Paradex against Gate−0.228%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.228% cheaper against Gate than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.963	0.0100	pay 0.0100% / 8h	6h 55m	$134.0M	$17.1M	75x
Short	Paradex LINK-USD-PERP	12.933	0.0100	get 0.0100% / 8h	6h 55m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.228%Rate

Funding earned: −$0.01
Price spread: −0.228% → 0.000%: −$22.8
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$41.81
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Paradex: no order-book sample. Net counts fees only.

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	0.38 bp	11.1 bp −$11	21.8 bp −$218	35.0 bp −$3,501	78.6 bp −$39.3K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 39 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	−0.0137%	8h	12.976	+0.100%	$86K	$929K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.985	+0.170%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.012	+0.376%	$498K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.046	+0.643%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.343%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0044%	1h	12.982	+0.144%	$6.4M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.016	+0.407%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.942	−0.163%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.933	−0.228%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.983	+0.154%	$349K	$311K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.958	−0.039%	$80.9M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.948	−0.116%	$1.3M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.939	−0.188%	$275K	$167K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.933	−0.232%	$119.8M	$287.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.937	−0.201%	$83.8M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.933	−0.231%	$27.1M	$77.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.947	−0.123%	$181K	$86K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.963	long leg	$134.0M	$17.1M	75x
MEXC LINK_USDT	+0.0100%	8h	12.934	−0.224%	$35.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.939	−0.185%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.930	−0.255%	$54.1M	$28.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.932	−0.239%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.974	+0.085%	$337K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	+0.100%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.020	+0.440%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.050	+0.669%	$593K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.058	+0.733%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.992	+0.224%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.995	+0.248%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.978	+0.116%	$11K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.976	+0.104%	$625K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.949	−0.107%	$621K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.992	+0.225%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0208%	1h	13.025	+0.478%	$941K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	+0.363%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0336%	1h	12.986	+0.180%	$878K	$337K	50x	as long as short
Reya LINKRUSDPERP	+0.0405%	1h	12.973	+0.078%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0440%	8h	12.995	+0.247%	$20.0M	$11.0M	50x	as long as short
dYdX LINK-USD	+0.1453%	1h	12.942	−0.158%	$348K	$48K	10x	as long as short