Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: SoDEX against KuCoin0.000%53s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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	13.017	0.0100	pay 0.0100% / 8h	3h 44m	$22.8M	$13.5M	75x
Short	SoDEX LINK-USD	13.017	0.0100	get 0.0013% / 1h	44m 29s	$12K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; SoDEX: 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	1.15 bp	11.1 bp −$11	15.5 bp −$155	55.5 bp −$5,545	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0089% / S +0.0166%	1h	13.014	−0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.010%	$500K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.015	−0.018%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.740%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	13.012	−0.038%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.000	−0.128%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.004	−0.100%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.008	−0.068%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.005	−0.096%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.014	−0.021%	$1.3M	$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	13.007	−0.078%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.018	+0.011%	$121.2M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.012	−0.038%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.015	−0.015%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	+0.108%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.006	−0.085%	$128.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.014	−0.023%	$32.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.017	long leg	$22.8M	$13.5M	75x
Bitget LINKUSDT	+0.0100%	8h	13.011	−0.046%	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.014	−0.023%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.008	−0.067%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.002	−0.114%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.993	−0.186%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.006	−0.085%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.021	+0.031%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	−0.018%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.104%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.017	0.000%	$12K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.986	−0.237%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.008	−0.066%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.018	+0.012%	$546K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.997	−0.154%	$925K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0122%	1h	13.019	+0.015%	$342K	$391K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.008	−0.069%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0234%	1h	13.023	+0.044%	$786K	$205K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.020	+0.022%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0289%	1h	13.001	−0.119%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	13.011	−0.046%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0403%	1h	13.030	+0.100%	$81.6M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0528%	8h	13.028	+0.085%	$20.1M	$11.3M	50x	as long as short