data as of
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Funding arb /

LINK

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 00:00 UTC−0.0420%/8h
next payment, per $10,000−$4.20paid, last 24h−0.074%paid, last 7 days−0.299%to open and close $10k−$56
Long on PhemexShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LINKUSDT12.8810.0424pay 0.0424% / 8h6h 31m$20.1M$11.2M50x
ShortGate LINK_USDT12.8760.0004get 0.0004% / 8h6h 31m$129.8M$11.8M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$88.16
Slippage, 4 orders
−$29
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$144.16
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.039%
Avg gap 7d
−0.105%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago1.55 bp12.2 bp −$1218.4 bp −$184doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago1.94 bp14.4 bp −$1419.9 bp −$19935.4 bp −$3,53979.2 bp −$39.6K

LINK on 39 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_LINKUSD−0.0329%1h$6.0M$6.5M50xas long as short
Bybit LINKUSDT−0.0133%8h$81.7M$61.5M75xas long as short
GMX LINK/USD [LINK-USDC]L −0.0093% / S +0.0164%1h$1.7M—200xas long as short
Variational Omni LINK−0.0090%8h$3.2M$1.2M—as long as short
Phoenix LINK−0.0080%1h$3K$46K10xas long as short
OKX LINK-USDT-SWAP−0.0041%8h$26.9M$85.5M50xas long as short
dYdX LINK-USD0.0000%1h$341K$60K10xas long as short
Kalshi KXLINKPERP0.0000%8h$459K$2.2M3.7xas long as short
Deribit LINK_USDC-PERPETUAL0.0000%1h$684K$105K50xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0007%1h$174K—150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate LINK_USDTshort+0.0004%8h$129.8M$11.8M75x
Extended LINK-USD+0.0016%1h$666K$1.8M25xas long as short
MEXC LINK_USDT+0.0023%8h$31.1M$56.7M300xas long as short
Binance LINKUSDT+0.0024%8h$117.9M$285.1M75xas long as short
Injective LINK/USDC PERP+0.0033%1h$4K$48K12xas long as short
SoDEX LINK-USD+0.0053%1h$8K$36K10xas long as short
Paradex LINK-USD-PERP+0.0064%8h$31K$2K20xas long as short
Orderly PERP_LINK_USDC+0.0070%8h$137K$1.7M20xas long as short
HTX LINK-USDT+0.0072%8h$622K$970K75xas long as short
Coinbase International LINK-PERP-INTX+0.0072%1h$984K$2.5M50xas long as short
Bitget LINKUSDT+0.0087%8h$53.7M$29.1M75xas long as short
BingX LINK-USDT+0.0087%8h—$19.8M—as long as short
Aevo LINK-PERP+0.0088%1h$542K$3403xas long as short
BloFin LINK-USDT+0.0095%8h$5.2M$13.0M75xas long as short
Lighter LINK+0.0096%1h$2.0M$2.4M10xas long as short
Nado LINK-PERP+0.0100%1h$423K$302K10xas long as short
Hyperliquid LINK+0.0100%1h$75.6M$21.9M10xas long as short
Aster LINKUSDT+0.0100%8h$1.4M$2.4M50xas long as short
Pacifica LINK+0.0100%1h$270K$162K10xas long as short
Arcus LINK-USD+0.0100%1h$181K$186K10xas long as short
KuCoin LINKUSDTM+0.0100%8h$21.0M$16.6M75xas long as short
Backpack LINK_USDC_PERP+0.0100%1h$350K$375K15xas long as short
edgeX LINKUSDC+0.0100%4h$43K$307K20xas long as short
ApeX Omni LINKUSDT+0.0100%1h$130K$649K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h$77K$55K10xas long as short
Derive LINK-PERP+0.0100%1h$27K$10K10xas long as short
SunX LINK-USDT+0.0100%8h$33K$1.5M30xas long as short
Reya LINKRUSDPERP+0.0362%1h$4K$40020xas long as short
Phemex LINKUSDTlong+0.0424%8h$20.1M$11.2M50x