Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Polymarket Perps−0.074%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: 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: Pacifica is 0.074% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 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	Polymarket Perps LINK-USD	12.900	0.0100	pay 0.0013% / 1h	1m 16s	$81K	$71K	10x
Short	Pacifica LINK	12.890	0.0100	get 0.0013% / 1h	1m 16s	$276K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. 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 Polymarket PerpsbpFee PacificabpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → 0.000%: −$7.44
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Pacifica: live order book, 52 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 52 min ago	4.60 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

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 −0.0089% / S +0.0166%	1h	12.889	−0.084%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.896	−0.030%	$483K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	−0.064%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.876%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.888	−0.093%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.170%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.892	−0.060%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.888	−0.094%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.128%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.892	−0.065%	$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 LINKshort	+0.0100%	1h	12.890	−0.074%	$276K	$183K	10x
Binance LINKUSDT	+0.0100%	8h	12.893	−0.054%	$119.5M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.892	−0.062%	$83.3M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.891	−0.070%	$27.3M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.070%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.889	−0.085%	$124.4M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.894	−0.047%	$33.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.898	−0.016%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.894	−0.047%	$54.1M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.892	−0.062%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.899	−0.008%	$338K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.126%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.900	−0.003%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.110%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.896	−0.031%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	12.900	long leg	$81K	$71K	10x
Derive LINK-PERP	+0.0100%	1h	12.888	−0.090%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.905	+0.041%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.892	−0.062%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.878	−0.170%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.888	−0.096%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	−0.054%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.899	−0.008%	$918K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.039%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0239%	1h	12.899	−0.009%	$788K	$215K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.894	−0.043%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.906	+0.047%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.893	−0.054%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0569%	8h	12.910	+0.078%	$20.0M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0785%	1h	12.884	−0.124%	$342K	$32K	10x	as long as short