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% APRpaid last 24h +0.007%

Price spread now: edgeX against Paradex−0.146%52s7-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 edgeX

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 · edgeX: 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: edgeX is 0.146% cheaper against Paradex than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet). 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	Paradex LINK-USD-PERP	12.946	0.0100	pay 0.0100% / 8h	3h 20m	$31K	$2K	20x
Short	edgeX LINKUSDC	12.927	0.0100	get 0.0050% / 4h	3h 20m	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → 0.000%: −$14.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.61
Costs to cover: 0.130%
Break-even: 288268.9 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 32 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 edgeX live order book, 32 min ago	2.30 bp	6.8 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit

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 −0.0089% / S +0.0166%	1h	12.941	−0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.939	−0.055%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.942	−0.031%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.215%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.937	−0.067%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.914	−0.244%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.930	−0.120%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.946	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.938	−0.058%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.939	−0.052%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.941	−0.033%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.950	+0.030%	$120.3M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.942	−0.029%	$83.6M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.946	+0.002%	$27.4M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.133%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.933	−0.098%	$128.2M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.944	−0.013%	$32.8M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.933	−0.098%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.947	+0.010%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.946	+0.002%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.935	−0.083%	$339K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.935	−0.081%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.927	−0.146%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.938	−0.056%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.932	−0.106%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.952	+0.048%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.939	−0.055%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.953	+0.056%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.941	−0.037%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.920	−0.199%	$634K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.942	−0.029%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.943	−0.023%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.950	+0.033%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.948	+0.014%	$786K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	−0.021%	$5.3M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.946	−0.001%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0314%	1h	12.941	−0.037%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.943	−0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0543%	8h	12.949	+0.025%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0902%	1h	12.936	−0.078%	$344K	$31K	10x	as long as short