Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h +0.081%

Price spread now: Reya against OKX+0.007%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.245	0.0100	pay 0.0100% / 8h	44m 51s	$28.0M	$86.1M	50x
Short	Reya LINKRUSDPERP	13.246	0.0378	get 0.0047% / 1h	44m 51s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.007%Rate

Funding earned: $58.33
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.99
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: OKX: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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	0.38 bp	7.5 bp −$7	15.3 bp −$153	30.3 bp −$3,031	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.249	+0.028%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.255	+0.074%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.255	+0.072%	$727K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.249	+0.028%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.243	−0.017%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.380%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.247	+0.015%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.246	+0.010%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.246	+0.006%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.246	+0.008%	$406K	$311K	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	13.252	+0.052%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.250	+0.040%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.248	+0.023%	$123.4M	$303.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.246	+0.008%	$85.5M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.245	long leg	$28.0M	$86.1M	50x
Arcus LINK-USD	+0.0100%	1h	13.262	+0.128%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.250	+0.038%	$131.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.249	+0.030%	$36.9M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.252	+0.053%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.248	+0.023%	$55.1M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.249	+0.030%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.249	+0.029%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.240	−0.038%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.236	−0.070%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.231	−0.106%	$154K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.250	+0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.248	+0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.261	+0.120%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.251	+0.045%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.238	−0.051%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.244	−0.007%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.253	+0.060%	$556K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.233	−0.091%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.249	+0.030%	$5.3M	$17.3M	75x	as long as short
dYdX LINK-USD	+0.0236%	1h	13.247	+0.017%	$351K	$48K	10x	as long as short
Hyperliquid LINK	+0.0296%	1h	13.263	+0.136%	$78.5M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0362%	1h	13.262	+0.128%	$366K	$379K	15x	as long as short
Reya LINKRUSDPERPshort	+0.0378%	1h	13.246	+0.007%	$5K	—	20x
Phemex LINKUSDT	+0.0465%	8h	13.268	+0.174%	$20.6M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.259	+0.107%	$7.0M	$8.2M	50x	as long as short