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 +0.007%

Price spread now: HTX against Paradex−0.085%7-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 HTX

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: HTX is 0.085% cheaper against Paradex than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.005	0.0100	pay 0.0100% / 8h	5h 27m	$31K	$2K	20x
Short	HTX LINK-USDT	12.994	0.0100	get 0.0100% / 8h	5h 27m	$641K	$687K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0.02
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.48
Costs to cover: 0.160%
Break-even: 6925.3 days

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 36 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 HTX live order book, 36 min ago	23.83 bp	30.4 bp −$30	197.0 bp −$1,970	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 −0.0090% / S +0.0167%	1h	13.009	+0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.009	+0.033%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.991	−0.107%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.650%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.010	+0.041%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.000	−0.036%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.009	+0.034%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.044	+0.299%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.005	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	13.003	−0.009%	$395K	$314K	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	13.007	+0.015%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.009	+0.035%	$274K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.993	−0.093%	$119.8M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.990	−0.113%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.995	−0.074%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.022	+0.133%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.002	−0.020%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.994	−0.082%	$32.0M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.997	−0.059%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.997	−0.059%	$54.1M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.991	−0.105%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.010	+0.041%	$342K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	+0.186%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.014	+0.073%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.001	−0.028%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.226%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.004	−0.005%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.001	−0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.019	+0.107%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	+0.003%	$5K	$62K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.994	−0.085%	$641K	$687K	75x
Extended LINK-USD	+0.0104%	1h	13.000	−0.039%	$649K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	0.000%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0188%	1h	13.008	+0.022%	$773K	$174K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.014	+0.072%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	12.993	−0.088%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0389%	1h	13.002	−0.022%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.008	+0.022%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0601%	8h	13.020	+0.118%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0645%	1h	13.013	+0.064%	$81.8M	$27.2M	10x	as long as short