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: KuCoin against SunX−0.095%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.095%, 7d avg −0.099%

Together, before fees−0.100%−$10 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	12.885	0.0100	pay 0.0100% / 8h	1h 46m	$33K	$1.4M	30x
Short	KuCoin LINKUSDTM	12.873	0.0100	get 0.0100% / 8h	1h 46m	$22.7M	$12.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.099%: $0.46
Slippage, 4 orders: −$43.34
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$62.88
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; KuCoin: live order book, 2 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, 8 min ago	13.65 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.16 bp	11.1 bp −$11	17.1 bp −$171	doesn't fit	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	12.872	−0.099%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.887	+0.013%	$511K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.875	−0.082%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0007%	8h	12.865	−0.157%	$94K	$1.1M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.766%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.892	+0.050%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.869	−0.125%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.865	−0.160%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.885	+0.002%	$349K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.868	−0.137%	$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	12.870	−0.114%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.862	−0.180%	$118.7M	$301.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.859	−0.203%	$83.0M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.859	−0.203%	$26.9M	$80.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.881	−0.033%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.865	−0.157%	$123.8M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.868	−0.133%	$34.3M	$57.9M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.873	−0.095%	$22.7M	$12.9M	75x
Bitget LINKUSDT	+0.0100%	8h	12.860	−0.196%	$53.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.867	−0.141%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.890	+0.040%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	+0.056%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.894	+0.065%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.893	+0.061%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.866	−0.149%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.871	−0.113%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.885	long leg	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.872	−0.102%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.870	−0.114%	$631K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.861	−0.188%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.874	−0.090%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.893	+0.061%	$931K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0129%	1h	12.877	−0.064%	$336K	$388K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0177%	1h	12.878	−0.054%	$805K	$261K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.875	−0.077%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	−0.056%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0315%	1h	12.878	−0.056%	$80.3M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.857	−0.218%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.890	+0.037%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0871%	1h	12.872	−0.099%	$343K	$33K	10x	as long as short