Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Pacifica+0.147%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.147%, 7d avg +0.085%

Together, before fees+0.039%+ Points / potential airdropPacifica: Active · farm board+$4 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: SunX is 0.062% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.882	0.0100	pay 0.0013% / 1h	49m 55s	$274K	$150K	10x
Short	SunX LINK-USDT	12.901	0.0100	get 0.0100% / 8h	4h 49m	$33K	$1.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.085%: $6.22
Slippage, 4 orders: −$43.78
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.57
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Pacifica: live order book, 56 min ago; SunX: live order book, 7 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, 56 min ago	2.71 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	13.67 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit

LINK on 40 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	−0.0248%	8h	12.881	−0.008%	$84K	$778K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.901	+0.149%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.888	+0.050%	$478K	$2.0M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.899	+0.136%	$114K	—	150x	as long as short
Phoenix LINK	+0.0025%	1h	12.914	+0.248%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.742%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0067%	8h	12.873	−0.069%	$3.3M	$1.7M	—	as long as short
Lighter LINK	+0.0096%	1h	12.879	−0.026%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.880	−0.019%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.889	+0.058%	$345K	$273K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.883	+0.008%	$81.0M	$25.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.885	+0.022%	$1.2M	$2.8M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.882	long leg	$274K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	12.882	0.000%	$119.8M	$263.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.876	−0.047%	$83.7M	$66.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.872	−0.078%	$27.3M	$72.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.907	+0.194%	$180K	$84K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.885	+0.023%	$132.9M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.873	−0.070%	$35.9M	$52.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.879	−0.023%	$23.1M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.876	−0.047%	$53.8M	$25.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.876	−0.047%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.885	+0.023%	$324K	$350K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.904	+0.174%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.907	+0.194%	$581K	$3.2M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.913	+0.241%	$104K	$686K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.147%	$82K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	+0.014%	$16K	$18K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.901	+0.147%	$33K	$1.2M	30x
SoDEX LINK-USD	+0.0100%	1h	12.890	+0.062%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.872	−0.076%	$612K	$700K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.864	−0.143%	$625K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.890	+0.061%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.895	+0.101%	$982K	$3.0M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0216%	1h	12.882	−0.003%	$6.6M	$7.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.883	+0.008%	$5.4M	$15.1M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0340%	1h	12.896	+0.111%	$889K	$361K	50x	as long as short
Phemex LINKUSDT	+0.0407%	8h	12.889	+0.054%	$19.9M	$10.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0410%	1h	12.894	+0.092%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.1103%	1h	12.880	−0.015%	$346K	$20K	10x	as long as short