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 +0.002%

Price spread now: Binance against OKX+0.015%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.015%, 7d avg +0.009%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.201	0.0100	pay 0.0100% / 8h	7h 34m	$27.9M	$84.6M	50x
Short	Binance LINKUSDT	13.203	0.0100	get 0.0100% / 8h	7h 34m	$122.8M	$302.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.009%: $0.66
Slippage, 4 orders: −$8.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.86
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 9 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, 5 min ago	0.38 bp	9.1 bp −$9	16.4 bp −$164	31.9 bp −$3,194	doesn't fit
Sell Binance live order book, 9 min ago	0.38 bp	5.4 bp −$5	11.1 bp −$111	42.1 bp −$4,209	130.4 bp −$65.2K

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 −0.0091% / S +0.0167%	1h	13.201	+0.002%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.207	+0.048%	$476K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.203	+0.012%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0023%	1h	13.208	+0.056%	$784K	$209K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.068%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.229	+0.213%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	13.202	+0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.203	+0.015%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.195	−0.047%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.202	+0.009%	$405K	$308K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.205	+0.028%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.202	+0.011%	$277K	$155K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.203	+0.015%	$122.8M	$302.4M	75x
Bybit LINKUSDT	+0.0100%	8h	13.199	−0.015%	$85.1M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.201	long leg	$27.9M	$84.6M	50x
Arcus LINK-USD	+0.0100%	1h	13.217	+0.121%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.201	0.000%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.202	+0.008%	$37.0M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.207	+0.045%	$23.1M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.204	+0.023%	$54.9M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.202	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.094%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+0.023%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.182	−0.144%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.220	+0.144%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.205	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.204	+0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.212	+0.084%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.201	0.000%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.187	−0.110%	$649K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.196	−0.035%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.204	+0.025%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.207	+0.045%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0203%	1h	13.211	+0.076%	$369K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	−0.008%	$5.2M	$16.1M	75x	as long as short
dYdX LINK-USD	+0.0238%	1h	13.197	−0.034%	$350K	$48K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.209	+0.058%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.199	−0.014%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0425%	8h	13.220	+0.144%	$20.5M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0585%	1h	13.221	+0.152%	$81.7M	$24.8M	10x	as long as short