Funding arb · Price arb /

LINK

all LINK markets

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 0.000%

Price spread now: SunX against KuCoin+0.068%7-day average +0.104% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.068%, 7d avg +0.104%

Together, before fees+0.141%+$14 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: SunX is 0.036% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.992	0.0100	pay 0.0100% / 8h	6h 17m	$23.0M	$14.4M	75x
Short	SunX LINK-USDT	13.001	0.0100	get 0.0100% / 8h	6h 17m	$33K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.104%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.6
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; SunX: live order book, 8 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 KuCoin live order book, 1 min ago	1.15 bp	12.1 bp −$12	26.2 bp −$262	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	256.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	12.991	−0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.000	+0.061%	$473K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.993	+0.008%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.557%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.000	+0.063%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.988	−0.031%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.997	+0.038%	$953K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.994	+0.016%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.996	+0.034%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	−0.019%	$395K	$322K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.995	+0.022%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.999	+0.058%	$276K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.994	+0.015%	$119.3M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.989	−0.023%	$83.8M	$72.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.994	+0.015%	$27.4M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.008	+0.123%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.991	−0.008%	$128.1M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.993	+0.008%	$33.0M	$59.3M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.992	long leg	$23.0M	$14.4M	75x
Bitget LINKUSDT	+0.0100%	8h	12.989	−0.023%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.991	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	+0.101%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.996	+0.034%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.004	+0.091%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.003	+0.085%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.989	−0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.001	+0.068%	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.995	+0.023%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.986	−0.044%	$641K	$858K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.990	−0.017%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.996	+0.031%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0114%	1h	13.008	+0.123%	$338K	$386K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	12.998	+0.045%	$772K	$212K	50x	as long as short
dYdX LINK-USD	+0.0381%	1h	12.993	+0.007%	$344K	$35K	10x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.986	−0.044%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0456%	1h	13.005	+0.100%	$80.5M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.999	+0.056%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0611%	8h	13.006	+0.108%	$20.1M	$11.5M	50x	as long as short