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% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX−0.071%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now −0.071%, 7d avg −0.089%

Together, before fees−0.131%+ Points / potential airdropPacifica: Active · farm board−$13 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	13.254	0.0100	pay 0.0100% / 8h	52m 16s	$35K	$1.6M	30x
Short	Pacifica LINK	13.244	0.0100	get 0.0013% / 1h	52m 16s	$278K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.089%: $1.78
Slippage, 4 orders: −$42.38
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$56.6
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Pacifica: live order book, 26 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	13.65 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 26 min ago	4.18 bp	10.1 bp −$10	doesn't fit	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 −0.0090% / S +0.0167%	1h	13.240	−0.108%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.249	−0.035%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.243	−0.085%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.237	−0.131%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.224	−0.226%	$4K	$84K	10x	as long as short
dYdX LINK-USD	+0.0033%	1h	13.248	−0.045%	$351K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.443%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.234	−0.150%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.236	−0.132%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.240	−0.107%	$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	13.244	−0.071%	$406K	$314K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.243	−0.080%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.244	−0.071%	$278K	$149K	10x
Binance LINKUSDT	+0.0100%	8h	13.238	−0.123%	$123.3M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.234	−0.150%	$85.5M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.236	−0.135%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.259	+0.038%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.239	−0.112%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.241	−0.097%	$37.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.242	−0.090%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.238	−0.120%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.241	−0.097%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.175%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.250	−0.030%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	−0.045%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.228	−0.195%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.245	−0.067%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.234	−0.153%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.254	long leg	$35K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.238	−0.120%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.239	−0.115%	$651K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.237	−0.126%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.242	−0.088%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.244	−0.075%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.249	−0.037%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0293%	1h	13.252	−0.014%	$78.4M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.240	−0.106%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0384%	1h	13.246	−0.060%	$366K	$381K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.244	−0.072%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.254	+0.001%	$20.5M	$11.5M	50x	as long as short