Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.170%7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.170%, 7d avg +0.177%

Together, before fees−0.018%−$2 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	13.126	0.0100	pay 0.0100% / 8h	25m 56s	$646K	$884K	75x
Short	SunX LINK-USDT	13.149	0.0100	get 0.0100% / 8h	25m 56s	$34K	$1.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → +0.177%: −$0.68
Slippage, 4 orders: −$67.82
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.5
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from HTX: live order book, 53 min ago; SunX: live order book, 9 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	18.77 bp	24.9 bp −$25	41.7 bp −$417	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	13.67 bp	19.2 bp −$19	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 −0.0091% / S +0.0167%	1h	13.127	+0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.148	+0.162%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.128	+0.011%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.128	+0.010%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.195%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.534%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.125	−0.011%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.123	−0.030%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.137	+0.079%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.143	+0.126%	$401K	$311K	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	13.125	−0.011%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.148	+0.162%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.123	−0.026%	$122.0M	$304.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.121	−0.041%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.125	−0.011%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.156	+0.225%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.123	−0.026%	$130.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.120	−0.049%	$36.5M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.126	−0.003%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.120	−0.049%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.121	−0.041%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.088%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	+0.104%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	+0.143%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.165%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.138	+0.088%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.121	−0.039%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.149	+0.170%	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.124	−0.018%	$5K	$36K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.126	long leg	$646K	$884K	75x
Extended LINK-USD	+0.0104%	1h	13.117	−0.068%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.126	−0.002%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.137	+0.081%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.146	+0.149%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0235%	1h	13.131	+0.035%	$362K	$377K	15x	as long as short
Hyperliquid LINK	+0.0281%	1h	13.140	+0.104%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.133	+0.049%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.132	+0.039%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0482%	8h	13.142	+0.119%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0667%	1h	13.151	+0.185%	$348K	$48K	10x	as long as short