Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX0.000%74s7-day average −0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.509% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now 0.000%, 7d avg −0.121%

Together, before fees−0.109%+ Points / potential airdropedgeX: Active · farm board−$11 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: edgeX is 0.121% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.121%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.031	0.0100	pay 0.0100% / 8h	5h 59m	$33K	$1.5M	30x
Short	edgeX LINKUSDC	13.031	0.0100	get 0.0050% / 4h	1h 59m	$43K	$306K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.121%: $12.08
Slippage, 4 orders: −$33.88
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.8
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; edgeX: live order book, 3 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, 5 min ago	13.65 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	2.30 bp	6.9 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit

LINK on 39 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 −0.0090% / S +0.0167%	1h	13.011	−0.157%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.025	−0.051%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.015	−0.122%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.844%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	−0.008%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.014	−0.133%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.020	−0.087%	$953K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.016	−0.114%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.021	−0.078%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.019	−0.091%	$396K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.023	−0.066%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.023	−0.062%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.036	+0.040%	$119.9M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.033	+0.013%	$84.3M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.037	+0.044%	$27.5M	$82.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.038	+0.051%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.027	−0.033%	$128.5M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.030	−0.010%	$32.5M	$59.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.027	−0.033%	$23.1M	$13.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.037	+0.044%	$54.2M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.031	−0.002%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	−0.093%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.031	0.000%	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.034%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.037	+0.044%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.025	−0.048%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	−0.123%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.031	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.017	−0.110%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	−0.153%	$642K	$687K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.024	−0.057%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.014	−0.135%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0142%	1h	13.023	−0.064%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0319%	1h	13.021	−0.078%	$773K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.011	−0.157%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0409%	1h	13.022	−0.069%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.019	−0.093%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0628%	8h	13.034	+0.021%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0804%	1h	13.057	+0.197%	$81.5M	$26.4M	10x	as long as short