Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against KuCoin−0.008%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.953	0.0100	pay 0.0100% / 8h	1h 09m	$22.9M	$12.5M	75x
Short	Polymarket Perps LINK-USD	12.952	0.0100	get 0.0013% / 1h	9m 59s	$81K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.77
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Polymarket Perps: no order-book sample. 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 KuCoin live order book, 4 min ago	1.16 bp	14.7 bp −$15	20.7 bp −$207	66.4 bp −$6,639	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 39 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	12.951	−0.018%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0031%	8h	12.950	−0.023%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.959	+0.049%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.949	−0.029%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.269%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.957	+0.032%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.958	+0.036%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.951	−0.015%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.949	−0.027%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.955	+0.012%	$1.3M	$2.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.953	+0.002%	$276K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.950	−0.020%	$119.6M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.944	−0.069%	$83.7M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.946	−0.054%	$27.0M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.967	+0.108%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.952	−0.008%	$129.9M	$16.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.952	−0.008%	$34.5M	$59.0M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.953	long leg	$22.9M	$12.5M	75x
Bitget LINKUSDT	+0.0100%	8h	12.952	−0.008%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.950	−0.023%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	−0.061%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	−0.006%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.952	−0.006%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.957	+0.031%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	12.952	−0.008%	$81K	$70K	10x
SunX LINK-USDT	+0.0100%	8h	12.966	+0.099%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.958	+0.039%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.412%	$630K	$788K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.942	−0.087%	$636K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.959	+0.048%	$543K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	12.962	+0.069%	$337K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.956	+0.023%	$934K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0192%	1h	12.961	+0.062%	$81.0M	$28.0M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.962	+0.067%	$6.7M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.952	−0.008%	$5.2M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0290%	1h	12.966	+0.102%	$811K	$266K	50x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.947	−0.043%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0546%	8h	12.969	+0.124%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0583%	1h	12.949	−0.031%	$345K	$45K	10x	as long as short