Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Arcus−0.121%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.121%, 7d avg −0.147%

Together, before fees+0.120%+$12 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: HTX is 0.026% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.979	0.0100	pay 0.0013% / 1h	7m 41s	$182K	$165K	10x
Short	HTX LINK-USDT	12.963	0.0100	get 0.0100% / 8h	5h 07m	$639K	$690K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.147%: $2.58
Slippage, 4 orders: −$74.83
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$88.74
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from Arcus: live order book, 55 min ago; HTX: live order book, 56 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 Arcus live order book, 55 min ago	11.89 bp	15.8 bp −$16	32.2 bp −$322	doesn't fit	doesn't fit
Sell HTX live order book, 56 min ago	23.83 bp	30.4 bp −$30	197.0 bp −$1,970	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	12.979	+0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.991	+0.092%	$481K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.982	+0.020%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.461%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0063%	8h	12.979	0.000%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.994	+0.116%	$964K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.967	−0.093%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.080%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.967	−0.096%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.979	−0.002%	$393K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.972	−0.054%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.967	−0.092%	$273K	$174K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.963	−0.123%	$119.9M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.960	−0.146%	$83.7M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.960	−0.146%	$27.3M	$82.2M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.979	long leg	$182K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	12.968	−0.085%	$128.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	−0.092%	$32.4M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.969	−0.077%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.959	−0.154%	$53.9M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.963	−0.123%	—	$22.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.978	−0.008%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.077%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.993	+0.109%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.244%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.017	+0.293%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.982	+0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.977	−0.013%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.992	+0.101%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.977	−0.015%	$11K	$63K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.963	−0.121%	$639K	$690K	75x
Extended LINK-USD	+0.0104%	1h	12.961	−0.135%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.980	+0.008%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0143%	1h	12.984	+0.039%	$774K	$177K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.988	+0.069%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.974	−0.037%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.982	+0.024%	$6.8M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0599%	1h	12.963	−0.127%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0613%	8h	12.995	+0.123%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0637%	1h	12.979	0.000%	$81.7M	$27.3M	10x	as long as short