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 −0.007%

Price spread now: Paradex against Arcus−0.143%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.143% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.998	0.0100	pay 0.0013% / 1h	56m 55s	$182K	$165K	10x
Short	Paradex LINK-USD-PERP	12.979	0.0100	get 0.0100% / 8h	5h 56m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$0.05
Price spread: −0.143% → 0.000%: −$14.26
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.81
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 6 min ago; Paradex: no order-book sample. Net counts fees only.

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, 6 min ago	11.89 bp	15.8 bp −$16	32.2 bp −$322	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 on 39 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	12.980	−0.138%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	12.979	−0.148%	$344K	$30K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.981	−0.128%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.980	−0.138%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.601%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	+0.248%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.018	+0.154%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.977	−0.162%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.975	−0.174%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.979	−0.143%	$31K	$2K	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.977	−0.158%	$395K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.988	−0.077%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.980	−0.136%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.018	+0.151%	$119.8M	$297.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.015	+0.131%	$84.2M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.017	+0.146%	$27.4M	$82.6M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.998	long leg	$182K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	12.996	−0.015%	$128.2M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.009	+0.085%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.003	+0.038%	$23.1M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.020	+0.169%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.012	+0.108%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.992	−0.046%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	+0.163%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	+0.220%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	+0.195%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	+0.315%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.984	−0.108%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.977	−0.160%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.991	−0.055%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.976	−0.169%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.202%	$640K	$686K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.990	−0.062%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.978	−0.154%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0197%	1h	12.983	−0.115%	$771K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.975	−0.177%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.979	−0.143%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0621%	8h	12.996	−0.015%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0646%	1h	13.039	+0.315%	$81.5M	$26.5M	10x	as long as short