Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against HTX+0.305%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.305%, 7d avg +0.058%

Together, before fees−0.311%+ Points / potential airdropedgeX: Active · farm board−$31 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: edgeX is 0.247% dearer against HTX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.899	0.0100	pay 0.0100% / 8h	1h 57m	$632K	$786K	75x
Short	edgeX LINKUSDC	12.938	0.0100	get 0.0050% / 4h	1h 57m	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.305%Rate

Funding earned: $0
Price spread: +0.305% → +0.058%: $24.74
Slippage, 4 orders: −$54.64
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$50.89
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from HTX: live order book, 51 min ago; edgeX: live order book, 51 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, 51 min ago	17.45 bp	29.8 bp −$30	95.1 bp −$951	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	2.32 bp	6.9 bp −$7	10.1 bp −$101	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	12.913	+0.109%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.947	+0.374%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.914	+0.116%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0017%	8h	12.903	+0.030%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.869%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0052%	1h	12.939	+0.311%	$806K	$254K	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.958	+0.458%	$3K	$81K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.925	+0.198%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.922	+0.179%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.915	+0.119%	$349K	$344K	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	12.917	+0.141%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.927	+0.218%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.915	+0.123%	$119.1M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.904	+0.038%	$83.3M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.908	+0.069%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.931	+0.247%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.912	+0.100%	$124.2M	$15.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.917	+0.139%	$33.1M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.919	+0.154%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.908	+0.069%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.914	+0.116%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	+0.357%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.938	+0.305%	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.951	+0.399%	$579K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.954	+0.426%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	+0.154%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.932	+0.254%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.956	+0.443%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.933	+0.263%	$10K	$61K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.899	long leg	$632K	$786K	75x
Extended LINK-USD	+0.0104%	1h	12.908	+0.067%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.911	+0.092%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.945	+0.356%	$934K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.934	+0.270%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.944	+0.348%	$5.2M	$15.9M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	12.938	+0.302%	$337K	$389K	15x	as long as short
Hyperliquid LINK	+0.0262%	1h	12.930	+0.240%	$80.6M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.914	+0.115%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.951	+0.402%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1035%	1h	12.927	+0.217%	$344K	$33K	10x	as long as short