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Price arb /

LINK

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Spread before costs (cost unknown: a leg has no order-book sample)−4.828%
7d average+0.101%if it closes, per $10,000$483funding while held, a day−$2.00
Long on ArcusShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus LINK-USD13.0290.0100pay 0.0013% / 1h12m 59s$183K$193K10x
ShortInjective LINK/USDC PERP12.4000.0033get 0.0004% / 1h12m 59s$4K$106K12x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$482.77
Funding while held
−$2
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$489.29
Spread needed to break even
0.045%
Slippage unknown: Arcus: live order book, 37 min ago; Injective: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0067%
Per $10,000 a day
−$2.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 37 min ago7.63 bp23.1 bp −$2341.4 bp −$414doesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapest
HTX12.985+4.716%Variational Omni12.993+4.785%edgeX12.999+4.829%Phoenix13.001+4.846%ApeX Omni13.001+4.847%Nado13.009+4.915%Reya13.010+4.918%Coinbase International13.010+4.919%Bybit13.012+4.935%Polymarket Perps13.012+4.935%Derive13.013+4.943%SoDEX13.013+4.944%BingX13.014+4.952%Aevo13.014+4.956%Pacifica13.015+4.956%Paradex13.015+4.957%Lighter13.015+4.960%Gate13.015+4.960%Extended13.016+4.967%Binance13.016+4.968%OKX13.016+4.968%MEXC13.016+4.968%KuCoin13.016+4.968%Bitget13.016+4.968%BloFin13.017+4.976%Deribit13.019+4.990%dYdX13.019+4.994%GMX13.020+5.001%Aster13.020+5.001%Orderly13.021+5.008%gTrade (Gains Network)13.022+5.013%Kraken Futures13.022+5.015%Kalshi13.026+5.046%Hyperliquid13.026+5.048%Backpack13.028+5.065%
Arcus13.029+5.073%
SunX13.031+5.089%Phemex13.031+5.089%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERPshort−4.828%+0.0033%1h$4K$106K12x
HTX LINK-USDT−0.339%+0.0100%8h$645K$1.0M75xas long as short
Variational Omni LINK−0.273%−0.0046%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC−0.232%+0.0100%4h$43K$314K20xas long as short
Phoenix LINK−0.216%−0.0062%1h$3K$47K10xas long as short
ApeX Omni LINKUSDT−0.215%+0.0100%1h$132K$653K50xas long as short
Nado LINK-PERP−0.150%+0.0100%1h$430K$365K10xas long as short
Reya LINKRUSDPERP−0.147%+0.0357%1h$4K$40020xas long as short
Coinbase International LINK-PERP-INTX−0.146%+0.0088%1h$998K$2.7M50xas long as short
Bybit LINKUSDT−0.130%−0.0018%8h$80.7M$60.7M75xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps LINK-USD−0.130%+0.0100%1h$74K$44K10xas long as short
Derive LINK-PERP−0.123%+0.0100%1h$28K$10K10xas long as short
SoDEX LINK-USD−0.123%−0.0082%1h$8K$42K10xas long as short
BingX LINK-USDC−0.115%+0.0100%8h—$6.6M—as long as short
Aevo LINK-PERP−0.111%+0.0088%1h$547K$3403xas long as short
Pacifica LINK−0.111%+0.0100%1h$272K$168K10xas long as short
Paradex LINK-USD-PERP−0.110%+0.0013%8h$32K$2K20xas long as short
Lighter LINK−0.108%+0.0040%1h$2.0M$2.0M10xas long as short
Gate LINK_USDT−0.107%−0.0008%8h$132.6M$12.6M75xas long as short
Extended LINK-USD−0.101%+0.0056%1h$677K$1.8M25xas long as short
Binance LINKUSDT−0.100%+0.0039%8h$118.9M$286.7M75xas long as short
OKX LINK-USDT-SWAP−0.100%+0.0036%8h$27.5M$91.7M50xas long as short
MEXC LINK_USDT−0.100%+0.0038%8h$34.9M$58.1M300xas long as short
KuCoin LINKUSDTM−0.100%+0.0100%8h$21.3M$17.4M75xas long as short
Bitget LINKUSDT−0.100%+0.0100%8h$54.3M$30.2M75xas long as short
BloFin LINK-USDT−0.092%+0.0156%8h$5.3M$12.6M75xas long as short
Deribit LINK_USDC-PERPETUAL−0.078%0.0000%1h$699K$82K50xas long as short
dYdX LINK-USD−0.075%0.0000%1h$345K$60K10xas long as short
GMX LINK/USD [LINK-USDC]−0.069%L −0.0087% / S +0.0158%1h$1.7M—200xas long as short
Aster LINKUSDT−0.068%+0.0100%8h$1.5M$2.2M50xas long as short
Orderly PERP_LINK_USDC−0.061%+0.0098%8h$185K$1.6M20xas long as short
gTrade (Gains Network) LINK/USD−0.057%L +0.0004% / S −0.0007%1h$177K—150xas long as short
Kraken Futures PF_LINKUSD−0.055%−0.0173%1h$6.1M$6.7M50xas long as short
Kalshi KXLINKPERP−0.025%0.0000%8h$460K$2.2M3.7xas long as short
Hyperliquid LINK−0.023%+0.0100%1h$78.9M$20.5M10xas long as short
Backpack LINK_USDC_PERP−0.008%+0.0100%1h$387K$368K15xas long as short
Arcus LINK-USDlong0.000%+0.0100%1h$183K$193K10x
SunX LINK-USDT+0.015%+0.0100%8h$33K$1.6M30xas long as short
Phemex LINKUSDT+0.015%+0.0338%8h$20.3M$11.3M50xas long as short