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 +0.008%

Price spread now: HTX against OKX−0.042%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.042%, 7d avg −0.064%

Together, before fees+0.064%+$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: HTX is 0.023% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.961	0.0100	pay 0.0100% / 8h	2h 05m	$27.0M	$81.5M	50x
Short	HTX LINK-USDT	12.956	0.0100	get 0.0100% / 8h	2h 05m	$635K	$785K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.064%: $2.27
Slippage, 4 orders: −$53.33
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$73.07
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 44 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, 4 min ago	0.39 bp	6.5 bp −$7	13.3 bp −$133	33.4 bp −$3,339	doesn't fit
Sell HTX live order book, 44 min ago	17.45 bp	32.1 bp −$32	221.2 bp −$2,212	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 −0.0089% / S +0.0166%	1h	12.963	+0.016%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.975	+0.111%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.963	+0.012%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0026%	8h	12.958	−0.023%	$96K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.328%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.985	+0.181%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.965	+0.031%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.968	+0.052%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.962	+0.008%	$347K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.967	+0.043%	$1.2M	$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	12.973	+0.094%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.964	+0.025%	$119.6M	$302.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	−0.015%	$83.6M	$73.6M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.961	long leg	$27.0M	$81.5M	50x
Arcus LINK-USD	+0.0100%	1h	12.984	+0.177%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.961	0.000%	$124.7M	$15.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.964	+0.023%	$33.1M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.966	+0.039%	$22.9M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	+0.023%	$54.2M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.962	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	+0.079%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.964	+0.022%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.972	+0.082%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.967	+0.046%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.968	+0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.962	+0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.982	+0.160%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.963	+0.015%	$10K	$61K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.956	−0.042%	$635K	$785K	75x
Extended LINK-USD	+0.0104%	1h	12.959	−0.017%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.964	+0.027%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.983	+0.170%	$937K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0136%	1h	12.973	+0.093%	$338K	$390K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.967	+0.049%	$808K	$252K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.963	+0.015%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0247%	1h	12.979	+0.139%	$80.9M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0276%	1h	12.967	+0.046%	$6.7M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.960	−0.004%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0570%	8h	12.981	+0.154%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0584%	1h	12.973	+0.095%	$346K	$33K	10x	as long as short