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 16:00 UTC−0.0248%/8h
next payment, per $10,000−$2.48paid, last 24h−0.065%paid, last 7 days−0.259%to open and close $10k−$47
Long on PhemexShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LINKUSDT13.0030.0348pay 0.0348% / 8h1h 27m$20.4M$11.2M50x
ShortKuCoin LINKUSDTM12.9950.0100get 0.0100% / 8h1h 27m$21.3M$17.9M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$52.01
Slippage, 4 orders
−$23.16
Fee Phemex: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$99.17
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 8 min ago.

Price risk

price view
Price gap now
−0.062%
Avg gap 7d
−0.100%
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, 3 min ago1.15 bp9.4 bp −$915.9 bp −$159doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago1.15 bp14.1 bp −$1422.6 bp −$22662.7 bp −$6,271doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX LINK/USD [LINK-USDC]L −0.0082% / S +0.0154%1h$1.7M—200xas long as short
Phoenix LINK−0.0074%1h$4K$41K10xas long as short
dYdX LINK-USD0.0000%1h$344K$60K10xas long as short
Kalshi KXLINKPERP0.0000%8h$451K$2.2M3.7xas long as short
Deribit LINK_USDC-PERPETUAL0.0000%1h$704K$73K50xas long as short
gTrade (Gains Network) LINK/USDL +0.0003% / S −0.0012%1h$151K—150xas long as short
Gate LINK_USDT+0.0007%8h$132.2M$12.6M75xas long as short
SoDEX LINK-USD+0.0012%1h$8K$45K10xas long as short
Kraken Futures PF_LINKUSD+0.0015%1h$6.3M$6.2M50xas long as short
Variational Omni LINK+0.0033%8h$3.3M$1.1M—as long as short
Show all 39 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP+0.0033%1h$4K$106K12xas long as short
Paradex LINK-USD-PERP+0.0049%8h$31K$2K20xas long as short
Bybit LINKUSDT+0.0053%8h$80.3M$61.4M75xas long as short
Coinbase International LINK-PERP-INTX+0.0056%1h$960K$2.7M50xas long as short
Binance LINKUSDT+0.0073%8h$118.4M$282.0M75xas long as short
MEXC LINK_USDT+0.0074%8h$33.1M$56.8M300xas long as short
Lighter LINK+0.0096%1h$2.0M$3.0M10xas long as short
Aevo LINK-PERP+0.0096%1h$546K$3403xas long as short
Orderly PERP_LINK_USDC+0.0099%8h$223K$1.5M20xas long as short
Nado LINK-PERP+0.0100%1h$426K$360K10xas long as short
Hyperliquid LINK+0.0100%1h$78.6M$21.2M10xas long as short
Aster LINKUSDT+0.0100%8h$1.4M$2.0M50xas long as short
Pacifica LINK+0.0100%1h$276K$165K10xas long as short
OKX LINK-USDT-SWAP+0.0100%8h$27.5M$89.1M50xas long as short
Arcus LINK-USD+0.0100%1h$183K$197K10xas long as short
KuCoin LINKUSDTMshort+0.0100%8h$21.3M$17.9M75x
Bitget LINKUSDT+0.0100%8h$53.8M$30.2M75xas long as short
BingX LINK-USDC+0.0100%8h—$6.6M—as long as short
Backpack LINK_USDC_PERP+0.0100%1h$386K$360K15xas long as short
edgeX LINKUSDC+0.0100%4h$43K$310K20xas long as short
ApeX Omni LINKUSDT+0.0100%1h$132K$653K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h$74K$41K10xas long as short
Derive LINK-PERP+0.0100%1h$28K$8K10xas long as short
SunX LINK-USDT+0.0100%8h$33K$1.6M30xas long as short
HTX LINK-USDT+0.0100%8h$644K$1.2M75xas long as short
Extended LINK-USD+0.0104%1h$680K$1.9M25xas long as short
BloFin LINK-USDT+0.0195%8h$5.2M$8.9M75xas long as short
Phemex LINKUSDTlong+0.0348%8h$20.4M$11.2M50x
Reya LINKRUSDPERP+0.0354%1h$4K$40020xas long as short