Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: edgeX against Injective+3.533%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.949%−$95 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 3.533% dearer against Injective than usual: you sell high and buy low: +$353 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.949%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	21m 12s	$4K	$48K	12x
Short	edgeX LINKUSDC	12.838	0.0100	get 0.0050% / 4h	21m 12s	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now +3.533%Rate

Funding earned: $14
Price spread: +3.533% → 0.000%: $353.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $358.32
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 17 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 17 min ago	2.33 bp	6.9 bp −$7	10.7 bp −$107	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0087% / S +0.0165%	1h	12.832	+3.482%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0083%	8h	12.825	+3.427%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.838	+3.535%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.832	+3.481%	$154K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0074%	1h	12.842	+3.569%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.831	+3.476%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.835	+3.508%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.832	+3.488%	$345K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.842	+3.565%	$80.2M	$28.1M	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	12.834	+3.499%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.836	+3.519%	$273K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.833	+3.492%	$118.7M	$299.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.825	+3.427%	$83.0M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.830	+3.468%	$27.0M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.853	+3.653%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.831	+3.476%	$132.0M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.833	+3.492%	$34.5M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.837	+3.524%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.830	+3.468%	$53.6M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.831	+3.476%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+3.556%	$333K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	+3.509%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.838	+3.533%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	+3.542%	$574K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.845	+3.589%	$131K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.837	+3.524%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	+3.493%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.849	+3.622%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.831	+3.476%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.821	+3.395%	$626K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0103%	1h	12.833	+3.494%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.824	+3.420%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.836	+3.519%	$538K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.842	+3.565%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.838	+3.532%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0241%	1h	12.838	+3.531%	$803K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.825	+3.431%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.846	+3.597%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0614%	1h	12.840	+3.550%	$342K	$45K	10x	as long as short