Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%

Price spread now: Coinbase International against HTX+0.215%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

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

costs, in and out, $10k−$930.928% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.215%, 7d avg +0.098%

Together, before fees−0.178%−$18 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: Coinbase International is 0.117% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.986	0.0100	pay 0.0100% / 8h	3h 49m	$637K	$694K	75x
Short	Coinbase International LINK-PERP-INTX	13.014	0.0104	get 0.0013% / 1h	49m 29s	$948K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.215%Rate

Funding earned: $0.84
Price spread: +0.215% → +0.098%: $11.7
Slippage, 4 orders: −$70.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.26
Costs to cover: 0.928%
Break-even: 675.9 days

Slippage from HTX: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	20.52 bp	36.7 bp −$37	61.5 bp −$615	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.07 bp	14.0 bp −$14	18.1 bp −$181	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	12.989	+0.023%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.002	+0.126%	$499K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.990	+0.027%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.513%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.988	+0.015%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.000	+0.109%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.997	+0.087%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.996	+0.076%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.996	+0.080%	$392K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.998	+0.088%	$1.3M	$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	12.999	+0.102%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.991	+0.038%	$120.9M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.987	+0.007%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.993	+0.053%	$27.5M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+0.192%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.990	+0.030%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.991	+0.038%	$32.9M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	+0.092%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.990	+0.030%	$54.0M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.990	+0.030%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.016	+0.232%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.026	+0.307%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.045	+0.454%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.369%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.997	+0.084%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.997	+0.083%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.201%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.000	+0.107%	$12K	$63K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.986	long leg	$637K	$694K	75x
Extended LINK-USD	+0.0104%	1h	12.989	+0.026%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.999	+0.103%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0104%	1h	13.014	+0.215%	$948K	$2.8M	50x
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	13.004	+0.134%	$782K	$202K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.011	+0.192%	$343K	$390K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.011	+0.192%	$5.2M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.006	+0.157%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0288%	1h	13.001	+0.114%	$344K	$30K	10x	as long as short
Hyperliquid LINK	+0.0390%	1h	13.005	+0.146%	$81.4M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.988	+0.011%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0534%	8h	13.016	+0.230%	$20.1M	$11.3M	50x	as long as short