Funding arb · Price arb /

LINK

all LINK markets

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 0.000%

Price spread now: BingX against HTX+0.100%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.100%, 7d avg +0.069%

Together, before fees−0.071%−$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: BingX is 0.032% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.878	0.0100	pay 0.0100% / 8h	3h 00m	$632K	$677K	75x
Short	BingX LINK-USDT	12.891	0.0100	get 0.0100% / 8h	3h 00m	—	$22.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.069%: $3.16
Slippage, 4 orders: −$57.88
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.72
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from HTX: live order book, 53 min ago; BingX: live order book, 8 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, 53 min ago	20.52 bp	36.7 bp −$37	61.5 bp −$615	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.16 bp	6.2 bp −$6	7.8 bp −$78	16.7 bp −$1,670	39.2 bp −$19.6K

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	12.889	+0.086%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	+0.140%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	+0.106%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.713%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.888	+0.077%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.340%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.892	+0.110%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	+0.076%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	+0.042%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.893	+0.114%	$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	12.890	+0.096%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.894	+0.122%	$119.5M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.889	+0.085%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.890	+0.092%	$27.3M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.240%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.889	+0.085%	$124.3M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.893	+0.116%	$33.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	+0.147%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.891	+0.100%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	12.891	+0.100%	—	$22.6M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.899	+0.162%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.884	+0.048%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	+0.167%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.280%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.896	+0.139%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.900	+0.170%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.888	+0.080%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.905	+0.211%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.892	+0.108%	$9K	$63K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.878	long leg	$632K	$677K	75x
Extended LINK-USD	+0.0104%	1h	12.889	+0.085%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	+0.116%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.899	+0.162%	$918K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.131%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0239%	1h	12.899	+0.162%	$788K	$215K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.894	+0.127%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.906	+0.217%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.893	+0.116%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0569%	8h	12.910	+0.248%	$20.0M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0785%	1h	12.884	+0.046%	$342K	$32K	10x	as long as short