Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Arcus against OKX+0.124%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.124%, 7d avg +0.084%

Together, before fees−0.061%−$6 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: Arcus is 0.040% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.922	0.0100	pay 0.0100% / 8h	1h 02m	$27.1M	$80.2M	50x
Short	Arcus LINK-USD	12.938	0.0100	get 0.0013% / 1h	2m 27s	$181K	$96K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → +0.084%: $4.01
Slippage, 4 orders: −$25.78
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$36.27
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Arcus: live order book, 41 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 OKX live order book, 1 min ago	0.39 bp	6.7 bp −$7	13.9 bp −$139	29.9 bp −$2,994	doesn't fit
Sell Arcus live order book, 41 min ago	10.46 bp	13.2 bp −$13	23.0 bp −$230	doesn't fit	doesn't fit

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 −0.0087% / S +0.0165%	1h	12.925	+0.025%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0040%	8h	12.925	+0.023%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.945	+0.181%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.926	+0.030%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.040%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.386%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.919	−0.022%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.916	−0.043%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.920	−0.015%	$354K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.928	+0.044%	$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	12.921	−0.011%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.923	+0.008%	$119.4M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.919	−0.023%	$83.5M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.922	long leg	$27.1M	$80.2M	50x
Arcus LINK-USDshort	+0.0100%	1h	12.938	+0.124%	$181K	$96K	10x
Gate LINK_USDT	+0.0100%	8h	12.921	−0.008%	$134.6M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.926	+0.031%	$34.3M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.926	+0.031%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.922	0.000%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.919	−0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.932	+0.077%	$336K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.249%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.946	+0.187%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.941	+0.147%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.951	+0.224%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.927	+0.039%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.952	+0.233%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.931	+0.070%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.890	−0.247%	$630K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.915	−0.051%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.934	+0.097%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.938	+0.124%	$931K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0125%	1h	12.933	+0.085%	$80.9M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0191%	1h	12.939	+0.128%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.932	+0.079%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.932	+0.077%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.919	−0.023%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0545%	8h	12.950	+0.217%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0577%	1h	12.923	+0.011%	$344K	$45K	10x	as long as short