Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX+0.104%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.104%, 7d avg +0.089%

Together, before fees−0.147%+ Points / potential airdropPacifica: Active · farm board−$15 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	12.979	0.0100	pay 0.0100% / 8h	3h 56m	$637K	$694K	75x
Short	Pacifica LINK	12.993	0.0100	get 0.0013% / 1h	56m 31s	$275K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.089%: $1.5
Slippage, 4 orders: −$67.65
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$86.15
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; Pacifica: live order book, 62 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	21.58 bp	27.7 bp −$28	71.6 bp −$716	doesn't fit	doesn't fit
Sell Pacifica live order book, 62 min ago	3.88 bp	12.8 bp −$13	doesn't fit	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	13.005	+0.198%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.006	+0.203%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.007	+0.210%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.465%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.999	+0.150%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.997	+0.138%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0099%	1h	12.981	+0.008%	$3K	$82K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.994	+0.110%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.984	+0.039%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.997	+0.134%	$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 LINKshort	+0.0100%	1h	12.993	+0.104%	$275K	$179K	10x
Binance LINKUSDT	+0.0100%	8h	13.008	+0.219%	$120.5M	$298.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.991	+0.089%	$83.9M	$72.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.996	+0.127%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.010	+0.235%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.991	+0.089%	$128.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.997	+0.135%	$32.9M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	+0.143%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.993	+0.104%	$54.0M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.010	+0.235%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.990	+0.083%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.989	+0.071%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.977	−0.020%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.995	+0.119%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.003	+0.181%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.996	+0.131%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.013	+0.255%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.000	+0.158%	$11K	$63K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.979	long leg	$637K	$694K	75x
Extended LINK-USD	+0.0104%	1h	12.987	+0.058%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.001	+0.162%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.012	+0.250%	$942K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0197%	1h	13.008	+0.220%	$341K	$386K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.999	+0.150%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0227%	1h	13.005	+0.193%	$782K	$202K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.004	+0.191%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0324%	1h	12.988	+0.067%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.993	+0.108%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0396%	1h	13.012	+0.250%	$81.5M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0517%	8h	13.014	+0.266%	$20.1M	$11.4M	50x	as long as short