Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Binance against KuCoin−0.046%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.046%, 7d avg +0.004%

Together, before fees+0.086%+$9 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: Binance is 0.050% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.956	0.0100	pay 0.0100% / 8h	5h 50m	$22.9M	$11.8M	75x
Short	Binance LINKUSDT	12.950	0.0100	get 0.0100% / 8h	5h 50m	$120.2M	$267.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.004%: −$5
Slippage, 4 orders: −$22.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.51
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 16 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 KuCoin live order book, 6 min ago	0.38 bp	14.4 bp −$14	23.8 bp −$238	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.39 bp	6.2 bp −$6	11.9 bp −$119	39.4 bp −$3,943	124.5 bp −$62.2K

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0197%	8h	12.936	−0.154%	$85K	$868K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.950	−0.047%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.953	−0.021%	$488K	$2.0M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.949	−0.052%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.957	+0.012%	$115K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.291%	$4K	$48K	12x	as long as short
SoDEX LINK-USD	+0.0072%	1h	12.944	−0.093%	$11K	$61K	10x	as long as short
Variational Omni LINK	+0.0090%	8h	12.938	−0.137%	$3.4M	$1.8M	—	as long as short
HTX LINK-USDT	+0.0091%	8h	12.932	−0.188%	$607K	$674K	75x	as long as short
Lighter LINK	+0.0096%	1h	12.950	−0.043%	$1.9M	$2.3M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	12.948	−0.065%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.948	−0.062%	$348K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.963	+0.054%	$81.5M	$25.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.955	−0.009%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.952	−0.028%	$275K	$153K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.950	−0.046%	$120.2M	$267.3M	75x
Bybit LINKUSDT	+0.0100%	8h	12.947	−0.069%	$83.7M	$66.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.953	−0.023%	$27.3M	$73.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.965	+0.069%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.949	−0.054%	$133.9M	$17.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.949	−0.054%	$35.7M	$54.6M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.956	long leg	$22.9M	$11.8M	75x
Bitget LINKUSDT	+0.0100%	8h	12.949	−0.054%	$54.2M	$26.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.949	−0.054%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.957	+0.008%	$335K	$351K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	−0.031%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.956	−0.003%	$587K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.960	+0.031%	$132K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.957	+0.008%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.957	+0.005%	$33K	$1.2M	30x	as long as short
Extended LINK-USD	+0.0104%	1h	12.944	−0.095%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.946	−0.081%	$543K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.949	−0.053%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	12.951	−0.039%	$974K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.947	−0.069%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0268%	1h	12.953	−0.025%	$891K	$359K	50x	as long as short
Reya LINKRUSDPERP	+0.0408%	1h	12.940	−0.124%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0435%	1h	12.950	−0.045%	$348K	$34K	10x	as long as short
Phemex LINKUSDT	+0.0452%	8h	12.959	+0.023%	$20.0M	$10.2M	50x	as long as short