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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against KuCoin−0.031%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.031%, 7d avg −0.002%

Together, before fees+0.031%+$3 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: Gate is 0.029% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.845	0.0100	pay 0.0100% / 8h	2h 30m	$22.6M	$13.1M	75x
Short	Gate LINK_USDT	12.841	0.0100	get 0.0100% / 8h	2h 30m	$123.8M	$14.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.002%: −$2.92
Slippage, 4 orders: −$25.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.74
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	1.17 bp	13.8 bp −$14	21.8 bp −$218	62.2 bp −$6,221	doesn't fit
Sell Gate live order book, 4 min ago	0.39 bp	15.4 bp −$15	21.1 bp −$211	34.1 bp −$3,411	78.6 bp −$39.3K

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	12.846	+0.004%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.838	−0.056%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.844	−0.010%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.464%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0046%	8h	12.838	−0.054%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.854	+0.069%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.847	+0.018%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.837	−0.064%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.837	−0.058%	$344K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.845	−0.003%	$1.2M	$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 LINK	+0.0100%	1h	12.840	−0.041%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.848	+0.020%	$118.5M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.844	−0.008%	$82.8M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.848	+0.023%	$27.2M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.855	+0.078%	$180K	$167K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.841	−0.031%	$123.8M	$14.9M	75x
MEXC LINK_USDT	+0.0100%	8h	12.847	+0.016%	$33.0M	$57.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.845	long leg	$22.6M	$13.1M	75x
Bitget LINKUSDT	+0.0100%	8h	12.843	−0.016%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.848	+0.023%	—	$22.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.835	−0.078%	$334K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.825	−0.160%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	−0.046%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	−0.046%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	−0.054%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.852	+0.054%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.840	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.859	+0.107%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.845	0.000%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.816	−0.226%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.839	−0.050%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.844	−0.007%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.835	−0.078%	$913K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.831	−0.109%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0223%	1h	12.859	+0.109%	$80.1M	$27.6M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0272%	1h	12.851	+0.045%	$793K	$241K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.848	+0.020%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.845	+0.001%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0582%	8h	12.855	+0.078%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0880%	1h	12.837	−0.062%	$342K	$33K	10x	as long as short