Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Binance against SunX−0.102%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.102%, 7d avg −0.099%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.930	0.0100	pay 0.0100% / 8h	7h 51m	$33K	$1.4M	30x
Short	Binance LINKUSDT	12.917	0.0100	get 0.0100% / 8h	7h 51m	$119.3M	$297.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.099%: −$0.3
Slippage, 4 orders: −$32.15
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.45
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Binance: live order book, 7 min ago.

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 SunX live order book, 3 min ago	13.68 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.39 bp	5.4 bp −$5	10.9 bp −$109	40.4 bp −$4,044	126.6 bp −$63.3K

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
Orderly PERP_LINK_USDC	−0.0106%	8h	12.908	−0.169%	$91K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.915	−0.112%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.908	−0.166%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.915	−0.114%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.098%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.920	−0.080%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.911	−0.144%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.915	−0.113%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.904	−0.197%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.915	−0.113%	$349K	$336K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.922	−0.061%	$80.7M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.916	−0.105%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.905	−0.193%	$274K	$182K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.917	−0.102%	$119.3M	$297.6M	75x
Bybit LINKUSDT	+0.0100%	8h	12.912	−0.138%	$83.7M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.916	−0.108%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.925	−0.038%	$181K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.916	−0.108%	$134.0M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.916	−0.108%	$34.9M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.920	−0.077%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.913	−0.131%	$53.8M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.916	−0.108%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.908	−0.169%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.891	−0.298%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.901	−0.227%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.904	−0.197%	$582K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.910	−0.154%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	−0.084%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	−0.082%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.930	long leg	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.915	−0.115%	$11K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.292%	$630K	$751K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.910	−0.156%	$615K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.916	−0.104%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.908	−0.169%	$929K	$3.1M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0191%	1h	12.922	−0.059%	$808K	$268K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.912	−0.138%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.913	−0.130%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0578%	1h	12.900	−0.230%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0582%	8h	12.929	−0.007%	$20.0M	$11.5M	50x	as long as short