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 −0.005%

Price spread now: Bybit against OKX−0.008%7-day average −0.012% · 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−$30as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.008%, 7d avg −0.012%

Together, before fees−0.029%−$3 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	12.988	0.0100	pay 0.0100% / 8h	6h 20m	$27.4M	$84.2M	50x
Short	Bybit LINKUSDT	12.987	0.0100	get 0.0100% / 8h	6h 20m	$83.9M	$72.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.012%: $0.41
Slippage, 4 orders: −$9.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.31
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.38 bp	6.4 bp −$6	17.1 bp −$171	32.0 bp −$3,198	doesn't fit
Sell Bybit live order book, 3 min ago	0.38 bp	8.7 bp −$9	13.8 bp −$138	37.4 bp −$3,743	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	13.009	+0.165%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.024	+0.275%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.010	+0.166%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.527%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0042%	1h	13.012	+0.183%	$773K	$212K	50x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	+0.277%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.003	+0.115%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.049	+0.470%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.995	+0.054%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.993	+0.036%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.992	+0.035%	$395K	$322K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.999	+0.085%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.995	+0.052%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.992	+0.027%	$119.3M	$302.9M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.987	−0.008%	$83.9M	$72.5M	75x
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.988	long leg	$27.4M	$84.2M	50x
Arcus LINK-USD	+0.0100%	1h	13.011	+0.177%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.990	+0.015%	$128.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.991	+0.023%	$33.0M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.997	+0.069%	$22.5M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.990	+0.015%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.993	+0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	+0.132%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.033	+0.350%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.032	+0.339%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.038	+0.385%	$134K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	+0.062%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.006	+0.138%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.026	+0.293%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	+0.131%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.004	+0.122%	$641K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.989	+0.008%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.009	+0.162%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.007	+0.146%	$338K	$386K	15x	as long as short
dYdX LINK-USD	+0.0298%	1h	12.993	+0.038%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.986	−0.013%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0449%	1h	13.007	+0.146%	$80.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.009	+0.162%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0608%	8h	13.019	+0.239%	$20.1M	$11.5M	50x	as long as short