Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Pacifica+0.244%52s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.376% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.244%, 7d avg −0.025%

Together, before fees−0.056%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$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: edgeX is 0.269% dearer against Pacifica than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.161	0.0100	pay 0.0013% / 1h	6m 33s	$276K	$154K	10x
Short	edgeX LINKUSDC	13.193	0.0100	get 0.0050% / 4h	3h 06m	$44K	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → −0.025%: $26.88
Slippage, 4 orders: −$20.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.71
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; edgeX: live order book, 1 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, 2 min ago	5.31 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	2.65 bp	7.2 bp −$7	10.5 bp −$105	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 −0.0091% / S +0.0167%	1h	13.174	+0.098%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.160%	$464K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.175	+0.106%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.784%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.189	+0.211%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0069%	1h	13.181	+0.152%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.174	+0.097%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.158	−0.026%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.220	+0.450%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	−0.036%	$403K	$307K	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	13.160	−0.006%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.161	long leg	$276K	$154K	10x
Binance LINKUSDT	+0.0100%	8h	13.147	−0.108%	$122.0M	$297.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.145	−0.123%	$84.7M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.147	−0.108%	$27.5M	$83.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.169	+0.059%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.156	−0.040%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.154	−0.055%	$36.4M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.161	−0.002%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.151	−0.078%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.152	−0.070%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	+0.062%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.193	+0.244%	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.173%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.199	+0.287%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.128%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.174	+0.094%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	+0.214%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	+0.090%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	+0.048%	$649K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.145	−0.125%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	+0.112%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.183	+0.166%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0162%	1h	13.180	+0.143%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.169	+0.059%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	+0.152%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.169	+0.063%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0430%	1h	13.158	−0.027%	$348K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0486%	8h	13.190	+0.219%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0547%	1h	13.174	+0.097%	$81.4M	$25.0M	10x	as long as short