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: Bitget against HTX+0.061%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.061%, 7d avg +0.056%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.163	0.0100	pay 0.0100% / 8h	7h 11m	$649K	$867K	75x
Short	Bitget LINKUSDT	13.171	0.0100	get 0.0100% / 8h	7h 11m	$54.6M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.056%: $0.51
Slippage, 4 orders: −$35.48
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.98
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; Bitget: live order book, 3 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, 62 min ago	6.76 bp	12.8 bp −$13	24.6 bp −$246	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.38 bp	6.7 bp −$7	11.6 bp −$116	26.9 bp −$2,692	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 −0.0091% / S +0.0167%	1h	13.175	+0.093%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.148%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.176	+0.100%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.797%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	+0.179%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0054%	1h	13.177	+0.109%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.170	+0.053%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.173	+0.073%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.239	+0.578%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.175	+0.087%	$404K	$307K	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	13.182	+0.141%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.181	+0.134%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.174	+0.084%	$122.3M	$299.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	+0.061%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.171	+0.061%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.220%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.176	+0.099%	$130.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.175	+0.091%	$36.7M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.179	+0.122%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	13.171	+0.061%	$54.6M	$30.1M	75x
BingX LINK-USDC	+0.0100%	8h	13.174	+0.084%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	+0.048%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	+0.095%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.158%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	+0.129%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.180	+0.129%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.168	+0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.200%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.171	+0.061%	$14K	$32K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.163	long leg	$649K	$867K	75x
Extended LINK-USD	+0.0104%	1h	13.167	+0.027%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.172	+0.072%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.180	+0.129%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.181	+0.137%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.176	+0.099%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	+0.137%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.174	+0.084%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0434%	1h	13.172	+0.071%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.193	+0.228%	$81.5M	$25.1M	10x	as long as short
Phemex LINKUSDT	+0.0599%	8h	13.193	+0.228%	$20.4M	$11.5M	50x	as long as short