data as of
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Funding arb /

LINK

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC+0.0052%/8h
next payment, per $10,000+$0.07paid, last 24h+0.009%paid, last 7 days+0.155%to open and close $10k−$20
Long on LighterShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter LINK12.9850.0048pay 0.0006% / 1h54m 41s$2.0M$2.9M10x
ShortBackpack LINK_USDC_PERP13.0030.0100get 0.0013% / 1h54m 41s$387K$357K15x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$10.92
Slippage, 4 orders
−$10.11
Fee Lighter: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$9.19
Break-even
12.9 days
Slippage from Lighter: live order book, 4 min ago; Backpack: live order book, 65 min ago.

Price risk

price view
Price gap now
+0.139%
Avg gap 7d
+0.045%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago0.00 bp2.3 bp −$210.9 bp −$10981.0 bp −$8,105doesn't fit
Sell Backpack live order book, 65 min ago0.38 bp8.1 bp −$8252.9 bp −$2,529doesn't fitdoesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX LINK/USD [LINK-USDC]L −0.0080% / S +0.0153%1h$1.7M—200xas long as short
Phoenix LINK−0.0074%1h$4K$38K10xas long as short
SoDEX LINK-USD−0.0060%1h$8K$45K10xas long as short
dYdX LINK-USD0.0000%1h$344K$60K10xas long as short
Kalshi KXLINKPERP0.0000%8h$560K$2.0M3.7xas long as short
Deribit LINK_USDC-PERPETUAL0.0000%1h$703K$71K50xas long as short
gTrade (Gains Network) LINK/USDL +0.0003% / S −0.0012%1h$152K—150xas long as short
Kraken Futures PF_LINKUSD+0.0015%1h$6.3M$6.1M50xas long as short
Injective LINK/USDC PERP+0.0033%1h$4K$106K12xas long as short
Gate LINK_USDT+0.0043%8h$131.9M$12.2M75xas long as short
Show all 39 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex LINK-USD-PERP+0.0044%8h$32K$2K20xas long as short
Variational Omni LINK+0.0046%8h$3.2M$1.1M—as long as short
Lighter LINKlong+0.0048%1h$2.0M$2.9M10x
Coinbase International LINK-PERP-INTX+0.0056%1h$957K$2.6M50xas long as short
Bybit LINKUSDT+0.0064%8h$80.5M$60.0M75xas long as short
Binance LINKUSDT+0.0079%8h$117.4M$272.7M75xas long as short
MEXC LINK_USDT+0.0080%8h$33.5M$55.1M300xas long as short
Orderly PERP_LINK_USDC+0.0099%8h$218K$1.5M20xas long as short
Nado LINK-PERP+0.0100%1h$428K$350K10xas long as short
Hyperliquid LINK+0.0100%1h$79.3M$20.9M10xas long as short
Aster LINKUSDT+0.0100%8h$1.4M$2.0M50xas long as short
Pacifica LINK+0.0100%1h$274K$157K10xas long as short
OKX LINK-USDT-SWAP+0.0100%8h$27.6M$86.5M50xas long as short
Arcus LINK-USD+0.0100%1h$183K$195K10xas long as short
KuCoin LINKUSDTM+0.0100%8h$21.5M$18.0M75xas long as short
Bitget LINKUSDT+0.0100%8h$53.9M$30.0M75xas long as short
BingX LINK-USDT+0.0100%8h—$19.0M—as long as short
Backpack LINK_USDC_PERPshort+0.0100%1h$387K$357K15x
edgeX LINKUSDC+0.0100%4h$43K$309K20xas long as short
ApeX Omni LINKUSDT+0.0100%1h$140K$645K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h$76K$24K10xas long as short
Derive LINK-PERP+0.0100%1h$30K$6K10xas long as short
SunX LINK-USDT+0.0100%8h$34K$1.5M30xas long as short
HTX LINK-USDT+0.0100%8h$644K$1.2M75xas long as short
Extended LINK-USD+0.0104%1h$678K$1.8M25xas long as short
Aevo LINK-PERP+0.0104%1h$546K$3403xas long as short
BloFin LINK-USDT+0.0201%8h$5.2M$8.7M75xas long as short
Phemex LINKUSDT+0.0297%8h$20.4M$11.2M50xas long as short
Reya LINKRUSDPERP+0.0353%1h$4K$40020xas long as short