Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica+0.003%46s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as 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−$580.585% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.003%, 7d avg −0.013%

Together, before fees−0.060%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.959	0.0100	pay 0.0013% / 1h	52m 45s	$275K	$153K	10x
Short	KuCoin LINKUSDTM	12.959	0.0100	get 0.0100% / 8h	5h 52m	$22.9M	$11.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.013%: $1.64
Slippage, 4 orders: −$38.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.83
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Pacifica: live order book, 58 min ago; KuCoin: live order book, 4 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, 58 min ago	5.82 bp	11.4 bp −$11	20.1 bp −$201	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.38 bp	16.8 bp −$17	20.7 bp −$207	doesn't fit	doesn't fit

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0195%	8h	12.949	−0.074%	$85K	$875K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.955	−0.028%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	+0.036%	$489K	$2.1M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.980	+0.167%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.957	−0.008%	$115K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.310%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0094%	8h	12.971	+0.098%	$3.4M	$1.8M	—	as long as short
HTX LINK-USDT	+0.0095%	8h	12.905	−0.409%	$606K	$677K	75x	as long as short
Lighter LINK	+0.0096%	1h	12.947	−0.093%	$1.9M	$2.3M	10x	as long as short
SoDEX LINK-USD	+0.0098%	1h	12.956	−0.020%	$11K	$61K	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.031%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.953	−0.043%	$348K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.958	−0.004%	$81.5M	$25.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.955	−0.025%	$1.4M	$2.5M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.959	long leg	$275K	$153K	10x
Binance LINKUSDT	+0.0100%	8h	12.947	−0.088%	$120.1M	$267.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.943	−0.120%	$83.7M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.945	−0.105%	$27.3M	$73.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.974	+0.119%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.951	−0.058%	$133.9M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.955	−0.027%	$35.7M	$54.5M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.959	+0.003%	$22.9M	$11.8M	75x
Bitget LINKUSDT	+0.0100%	8h	12.942	−0.128%	$54.2M	$26.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.949	−0.074%	—	$23.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.962	+0.027%	$335K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.202%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	+0.049%	$590K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.973	+0.111%	$132K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	+0.011%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.969	+0.080%	$33K	$1.2M	30x	as long as short
Extended LINK-USD	+0.0104%	1h	12.946	−0.095%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.958	−0.003%	$543K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.959	0.000%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.320%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.957	−0.012%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0252%	1h	12.964	+0.041%	$889K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0408%	1h	12.950	−0.063%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0435%	1h	12.957	−0.010%	$348K	$46K	10x	as long as short
Phemex LINKUSDT	+0.0438%	8h	12.971	+0.096%	$20.0M	$10.2M	50x	as long as short