Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Arcus against SoDEX+0.008%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	12.909	0.0100	pay 0.0013% / 1h	49m 25s	$10K	$61K	10x
Short	Arcus LINK-USD	12.910	0.0100	get 0.0013% / 1h	49m 25s	$180K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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 SoDEXbpFee ArcusbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.77
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$11.73
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Arcus: live order book, 59 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 SoDEX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 59 min ago	11.98 bp	14.4 bp −$14	23.8 bp −$238	doesn't fit	doesn't fit

SoDEX: 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	12.893	−0.122%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.912	+0.026%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.894	−0.116%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0009%	8h	12.885	−0.186%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.943%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.893	−0.121%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.116%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.892	−0.128%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.201%	$349K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.895	−0.108%	$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 LINK	+0.0100%	1h	12.896	−0.104%	$275K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.895	−0.108%	$119.0M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.891	−0.139%	$83.2M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.892	−0.132%	$27.0M	$81.0M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	12.910	+0.008%	$180K	$94K	10x
Gate LINK_USDT	+0.0100%	8h	12.887	−0.170%	$124.0M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.894	−0.116%	$34.1M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.895	−0.108%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.888	−0.163%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.892	−0.132%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	−0.144%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	−0.130%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	−0.119%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.897	−0.093%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.892	−0.132%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.891	−0.139%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.919	+0.076%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.909	long leg	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.875	−0.262%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.886	−0.178%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.892	−0.135%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.914	+0.039%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0149%	1h	12.917	+0.062%	$337K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.913	+0.033%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.891	−0.139%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0285%	1h	12.914	+0.037%	$807K	$259K	50x	as long as short
Hyperliquid LINK	+0.0317%	1h	12.906	−0.023%	$80.5M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.889	−0.158%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0570%	8h	12.924	+0.116%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0860%	1h	12.894	−0.119%	$343K	$33K	10x	as long as short