Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: BingX against OKX−0.008%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.008%, 7d avg −0.002%

Together, before fees+0.048%+$5 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	13.122	0.0100	pay 0.0100% / 8h	2h 06m	$27.7M	$85.6M	50x
Short	BingX LINK-USDC	13.121	0.0100	get 0.0100% / 8h	2h 06m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.002%: −$0.58
Slippage, 4 orders: −$18.12
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.71
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; BingX: live order book, 15 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, 2 min ago	0.38 bp	10.3 bp −$10	16.2 bp −$162	31.6 bp −$3,159	doesn't fit
Sell BingX live order book, 15 min ago	0.76 bp	8.9 bp −$9	17.3 bp −$173	84.9 bp −$8,486	437.3 bp −$218.6K

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 −0.0090% / S +0.0167%	1h	13.135	+0.096%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.147	+0.193%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.134	+0.091%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.136	+0.108%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0013%	1h	13.124	+0.012%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.163	+0.315%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.502%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.131	+0.069%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.126	+0.031%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.120	−0.017%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.135	+0.099%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.137	+0.114%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.125	+0.023%	$1.6M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.124	+0.016%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.123	+0.008%	$121.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.120	−0.015%	$84.5M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.122	long leg	$27.7M	$85.6M	50x
Arcus LINK-USD	+0.0100%	1h	13.140	+0.137%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.122	0.000%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.121	−0.008%	$36.6M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.126	+0.030%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.118	−0.030%	$54.3M	$30.4M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.121	−0.008%	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.155	+0.253%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.189%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	+0.175%	$596K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.198%	$153K	$666K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.140	+0.137%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.127	+0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	+0.214%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.128	+0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.132	+0.072%	$646K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.120	−0.016%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.131	+0.069%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.148	+0.198%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.137	+0.114%	$365K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.127	+0.038%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.133	+0.086%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0471%	8h	13.147	+0.191%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.137	+0.113%	$6.9M	$7.9M	50x	as long as short