Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: OKX against SunX−0.103%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.103%, 7d avg −0.116%

Together, before fees−0.073%−$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	13.194	0.0100	pay 0.0100% / 8h	1h 14m	$34K	$1.6M	30x
Short	OKX LINK-USDT-SWAP	13.180	0.0100	get 0.0100% / 8h	1h 14m	$27.8M	$86.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.116%: $1.28
Slippage, 4 orders: −$35.65
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.36
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; OKX: live order book, 4 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, 10 min ago	13.66 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.38 bp	6.8 bp −$7	14.8 bp −$148	28.8 bp −$2,885	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 −0.0090% / S +0.0167%	1h	13.179	−0.108%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.172	−0.163%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.182	−0.088%	$720K	$125K	50x	as long as short
dYdX LINK-USD	+0.0003%	1h	13.183	−0.077%	$349K	$48K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.181	−0.092%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.015%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.167	−0.205%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.176	−0.133%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.190	−0.025%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.178	−0.117%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.178	−0.114%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.192	−0.012%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.182	−0.089%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.034%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.179	−0.111%	$122.4M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.177	−0.126%	$85.0M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.180	−0.103%	$27.8M	$86.2M	50x
Arcus LINK-USD	+0.0100%	1h	13.192	−0.012%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.178	−0.118%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.180	−0.103%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.182	−0.088%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.178	−0.118%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.180	−0.103%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	−0.074%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.108%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.073%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	−0.050%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.182	−0.088%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.175	−0.139%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.194	long leg	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.176	−0.133%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.268%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.174	−0.150%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.180	−0.102%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	−0.035%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.194	+0.003%	$366K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	−0.080%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.178	−0.120%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.189	−0.035%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.193	−0.008%	$7.0M	$8.1M	50x	as long as short