Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against HTX+0.232%7-day average +0.147% · 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−$83as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.232%, 7d avg +0.147%

Together, before fees−0.231%−$23 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: Arcus is 0.085% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.014	0.0100	pay 0.0100% / 8h	5h 31m	$642K	$688K	75x
Short	Arcus LINK-USD	13.044	0.0100	get 0.0013% / 1h	31m 05s	$182K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → +0.147%: $8.53
Slippage, 4 orders: −$74.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$82.8
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; Arcus: live order book, 32 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 HTX live order book, 33 min ago	23.83 bp	30.8 bp −$31	79.9 bp −$799	doesn't fit	doesn't fit
Sell Arcus live order book, 32 min ago	11.89 bp	14.3 bp −$14	22.9 bp −$229	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	13.029	+0.117%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.036	+0.167%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.030	+0.126%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.717%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.045	+0.240%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.029	+0.117%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.038	+0.183%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	+0.018%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	+0.121%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.028	+0.109%	$396K	$315K	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	13.037	+0.179%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.030	+0.125%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.043	+0.223%	$120.2M	$295.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.039	+0.194%	$84.3M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.042	+0.217%	$27.5M	$82.3M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.044	+0.232%	$182K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	13.041	+0.209%	$128.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.039	+0.194%	$32.1M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.037	+0.178%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.042	+0.217%	$54.3M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.041	+0.209%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.047	+0.255%	$343K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	+0.115%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	+0.030%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	+0.072%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.005	−0.068%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.039	+0.194%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.031	+0.128%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.045	+0.240%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.038	+0.186%	$14K	$57K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.014	long leg	$642K	$688K	75x
Extended LINK-USD	+0.0104%	1h	13.029	+0.119%	$653K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	+0.150%	$547K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.027	+0.101%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0341%	1h	13.030	+0.126%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.030	+0.123%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0464%	1h	13.038	+0.189%	$774K	$183K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.041	+0.208%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0596%	8h	13.045	+0.240%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0651%	1h	13.060	+0.355%	$81.9M	$27.1M	10x	as long as short