Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against Paradex−0.065%48s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.065% cheaper against Paradex than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Paradex LINK-USD-PERP	12.984	0.0100	pay 0.0100% / 8h	5h 08m	$31K	$2K	20x
Short	Binance LINKUSDT	12.975	0.0100	get 0.0100% / 8h	5h 08m	$119.9M	$296.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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 ParadexbpFee BinancebpOrdersPrice spread, now −0.065%Rate

Funding earned: $0.02
Price spread: −0.065% → 0.000%: −$6.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.5
Costs to cover: 0.140%
Break-even: 8790.7 days

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.38 bp	6.0 bp −$6	11.3 bp −$113	34.4 bp −$3,439	109.8 bp −$54.9K

Paradex: 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	12.983	−0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.993	+0.071%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.983	−0.008%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.497%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	12.979	−0.038%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.994	+0.078%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.981	−0.021%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	12.986	+0.019%	$774K	$177K	50x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.042%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.984	long leg	$31K	$2K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.979	−0.040%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.980	−0.027%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.985	+0.005%	$274K	$174K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.975	−0.065%	$119.9M	$296.2M	75x
Bybit LINKUSDT	+0.0100%	8h	12.972	−0.092%	$83.8M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.971	−0.099%	$27.3M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.002	+0.139%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.978	−0.046%	$128.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.978	−0.046%	$32.5M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.985	+0.008%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.975	−0.069%	$53.9M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.972	−0.092%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	+0.016%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.039%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.993	+0.071%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.206%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.255%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.988	+0.032%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	−0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.999	+0.119%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.982	−0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.976	−0.063%	$640K	$691K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.971	−0.099%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.984	−0.003%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.988	+0.032%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.978	−0.045%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.985	+0.011%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0592%	1h	12.987	+0.022%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0606%	8h	13.000	+0.124%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0643%	1h	12.998	+0.109%	$81.8M	$27.3M	10x	as long as short