Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Pacifica+0.088%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.088%, 7d avg +0.051%

Together, before fees−0.113%+ Points / potential airdropPacifica: Active · farm board−$11 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: Arcus is 0.037% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.156	0.0100	pay 0.0013% / 1h	24m 44s	$276K	$150K	10x
Short	Arcus LINK-USD	13.168	0.0100	get 0.0013% / 1h	24m 44s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.051%: $3.71
Slippage, 4 orders: −$41.83
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$50.62
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from Pacifica: live order book, 63 min ago; Arcus: live order book, 63 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 Pacifica live order book, 63 min ago	4.16 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 63 min ago	5.66 bp	8.1 bp −$8	16.5 bp −$165	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 −0.0092% / S +0.0166%	1h	13.149	−0.056%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.161	+0.037%	$467K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.152	−0.036%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.150	−0.045%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	−0.037%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0020%	1h	13.152	−0.035%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.749%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.142	−0.109%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0076%	8h	13.148	−0.063%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.159	+0.023%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.151	−0.042%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.148	−0.068%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.171	+0.111%	$77.9M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.156	−0.006%	$1.6M	$2.7M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.156	long leg	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.153	−0.022%	$121.6M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.152	−0.033%	$84.6M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.151	−0.041%	$27.8M	$85.2M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.168	+0.088%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.155	−0.011%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	−0.026%	$36.7M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.157	+0.005%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.151	−0.041%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.155	−0.011%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	−0.091%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.075%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	−0.071%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.152	−0.033%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.145	−0.085%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.163	+0.050%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.148	−0.064%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.139	−0.133%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.152	−0.030%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.150	−0.045%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.157	+0.005%	$991K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.161	+0.035%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.154	−0.018%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.149	−0.060%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.159	+0.020%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.158	+0.011%	$7.0M	$7.8M	50x	as long as short