Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Polymarket Perps against Paradex−0.020%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 Polymarket Perps

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	12.967	0.0100	pay 0.0100% / 8h	5h 07m	$31K	$2K	20x
Short	Polymarket Perps LINK-USD	12.964	0.0100	get 0.0013% / 1h	7m 06s	$81K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0.02
Price spread: −0.020% → 0.000%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.94
Costs to cover: 0.120%
Break-even: 6248.1 days

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: no order-book sample. 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 Polymarket Perps no order-book sample	—	—	—	—	—

Paradex and Polymarket Perps: 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	12.960	−0.050%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.967	+0.004%	$481K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	−0.045%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.369%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0063%	8h	12.957	−0.074%	$117K	$1.4M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.994	+0.212%	$964K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.958	−0.064%	$772K	$177K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.955	−0.089%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.176%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.967	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	12.961	−0.039%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.960	−0.050%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.967	+0.004%	$273K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.955	−0.089%	$119.8M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.952	−0.112%	$83.7M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.950	−0.127%	$27.3M	$82.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.979	+0.096%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.954	−0.097%	$128.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.955	−0.089%	$32.4M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.960	−0.050%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.950	−0.127%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.952	−0.112%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.961	−0.043%	$342K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.173%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.146%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.980	+0.104%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	+0.142%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	12.964	−0.020%	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.958	−0.069%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.977	+0.078%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.954	−0.097%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.954	−0.094%	$639K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.948	−0.145%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.958	−0.066%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.957	−0.074%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.955	−0.087%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0556%	1h	12.958	−0.068%	$6.8M	$8.0M	50x	as long as short
dYdX LINK-USD	+0.0599%	1h	12.963	−0.031%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.976	+0.073%	$20.0M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0634%	1h	12.969	+0.019%	$81.6M	$27.3M	10x	as long as short