Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.165%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.165%, 7d avg −0.120%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.046% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.947	0.0100	pay 0.0100% / 8h	2h 17m	$33K	$1.5M	30x
Short	Bitget LINKUSDT	12.926	0.0100	get 0.0100% / 8h	2h 17m	$54.0M	$30.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.165%Rate

Funding earned: $0
Price spread: −0.165% → −0.120%: −$4.57
Slippage, 4 orders: −$34.33
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.91
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Bitget: live order book, 1 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, 7 min ago	13.69 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.39 bp	10.0 bp −$10	14.9 bp −$149	25.9 bp −$2,594	doesn't fit

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	12.932	−0.115%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.936	−0.089%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.932	−0.117%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.228%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0037%	8h	12.927	−0.158%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.511%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.924	−0.182%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.928	−0.154%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.926	−0.161%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.928	−0.150%	$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	12.928	−0.153%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.926	−0.165%	$118.8M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.926	−0.165%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.928	−0.150%	$27.4M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.944	−0.026%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.920	−0.212%	$124.3M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.929	−0.142%	$32.8M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.930	−0.134%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.926	−0.165%	$54.0M	$30.5M	75x
BingX LINK-USDC	+0.0100%	8h	12.922	−0.196%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.465%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.401%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.752%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.760%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.937	−0.080%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.932	−0.119%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.947	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.935	−0.096%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.368%	$618K	$776K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.919	−0.222%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.912	−0.273%	$541K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0107%	1h	12.938	−0.073%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.947	−0.003%	$921K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	12.940	−0.059%	$801K	$246K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.932	−0.119%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.936	−0.088%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.936	−0.087%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.931	−0.126%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0559%	8h	12.944	−0.026%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0682%	1h	12.924	−0.183%	$344K	$33K	10x	as long as short