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% APRpaid last 24h +0.012%

Price spread now: edgeX against SoDEX−0.134%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on edgeX

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—+ Points / potential airdropedgeX: 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: edgeX is 0.134% cheaper against SoDEX than usual: you would sell low and buy high, −$13 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	SoDEX LINK-USD	12.892	0.0100	pay 0.0013% / 1h	27m 01s	$10K	$61K	10x
Short	edgeX LINKUSDC	12.875	0.0100	get 0.0050% / 4h	1h 27m	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → 0.000%: −$13.39
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.39
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 16 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 edgeX live order book, 16 min ago	2.33 bp	6.9 bp −$7	10.5 bp −$105	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 −0.0088% / S +0.0166%	1h	12.887	−0.041%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0010%	8h	12.882	−0.078%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.888	−0.030%	$510K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.867	−0.190%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.816%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.879	−0.099%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.893	+0.008%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.883	−0.072%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.883	−0.070%	$350K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.894	+0.016%	$1.3M	$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	12.885	−0.054%	$274K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.895	+0.023%	$119.1M	$301.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.889	−0.023%	$83.3M	$73.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.894	+0.016%	$27.0M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.896	+0.031%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.886	−0.047%	$124.0M	$15.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.897	+0.039%	$34.3M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	+0.039%	$22.8M	$12.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.892	0.000%	$53.9M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.891	−0.008%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.867	−0.192%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.875	−0.134%	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	−0.159%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.879	−0.101%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.891	−0.008%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	−0.311%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.905	+0.103%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.892	long leg	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.871	−0.159%	$632K	$794K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.891	−0.008%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	+0.012%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.869	−0.178%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0128%	1h	12.901	+0.070%	$336K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.894	+0.015%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.890	−0.016%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0342%	1h	12.907	+0.116%	$80.5M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0398%	1h	12.865	−0.209%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0518%	1h	12.899	+0.054%	$807K	$266K	50x	as long as short
Phemex LINKUSDT	+0.0580%	8h	12.904	+0.093%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0827%	1h	12.877	−0.118%	$343K	$45K	10x	as long as short