Spread before costs (cost unknown: a leg has no order-book sample)−0.054%
7d average—if it closes, per $10,000$5funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus LINK-USD | 12.879 | 0.0100 | pay 0.0013% / 1h | 35m 17s | $181K | $186K | 10x |
| Short | Polymarket Perps LINK-USD | 12.872 | 0.0100 | get 0.0013% / 1h | 35m 17s | $77K | $55K | 10x |
Arcus LINK-USD
Polymarket Perps LINK-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$5.44
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$17.94
- Spread needed to break even
- 0.125%
Slippage unknown: Arcus: live order book, 4 min ago; Polymarket Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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, 4 min ago | 8.55 bp | 22.6 bp −$23 | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: 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.Injective12.400cheapestVariational Omni12.809+3.302%HTX12.837+3.527%Backpack12.842+3.565%Phoenix12.844+3.577%Kalshi12.859+3.701%ApeX Omni12.861+3.718%edgeX12.861+3.721%Bybit12.862+3.726%Pacifica12.862+3.727%dYdX12.862+3.727%BingX12.865+3.750%Derive12.867+3.764%BloFin12.867+3.766%Nado12.867+3.770%Extended12.868+3.774%KuCoin12.868+3.774%Bitget12.868+3.774%Paradex12.868+3.776%Reya12.868+3.777%Gate12.869+3.782%OKX12.870+3.790%Aster12.870+3.790%GMX12.870+3.792%MEXC12.871+3.798%
Injective
Variational Omni
HTX
Backpack
Phoenix
ApeX Omni
Bybit
Pacifica
dYdX
BingX
Derive
BloFin
Nado
Extended
KuCoin
Bitget
Paradex
Reya
Gate
OKX
Aster
GMX
MEXCPolymarket Perps12.872+3.806%
Orderly12.873+3.815%SoDEX12.873+3.815%Binance12.873+3.816%gTrade (Gains Network)12.874+3.821%Coinbase International12.874+3.823%Aevo12.875+3.831%Lighter12.875+3.833%Hyperliquid12.876+3.839%
Orderly
SoDEX
Binance
gTrade (Gains Network)
Coinbase International
Aevo
Lighter
HyperliquidArcus12.879+3.863%
Kraken Futures12.881+3.882%Deribit12.882+3.890%SunX12.886+3.919%Phemex12.889+3.944%
Kraken Futures
Deribit
SunX
PhemexLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.719% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| Variational Omni LINK | −0.540% | −0.0090% | 8h | $3.2M | $1.2M | — | as long as short |
| HTX LINK-USDT | −0.323% | +0.0064% | 8h | $621K | $975K | 75x | as long as short |
| Backpack LINK_USDC_PERP | −0.287% | +0.0100% | 1h | $349K | $378K | 15x | as long as short |
| Phoenix LINK | −0.275% | −0.0080% | 1h | $3K | $46K | 10x | as long as short |
| Kalshi KXLINKPERP | −0.156% | 0.0000% | 8h | $459K | $2.2M | 3.7x | as long as short |
| ApeX Omni LINKUSDT | −0.140% | +0.0100% | 1h | $130K | $650K | 50x | as long as short |
| edgeX LINKUSDC | −0.137% | +0.0100% | 4h | $43K | $307K | 20x | as long as short |
| Bybit LINKUSDT | −0.132% | −0.0117% | 8h | $81.7M | $61.5M | 75x | as long as short |
| Pacifica LINK | −0.131% | +0.0100% | 1h | $270K | $162K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX LINK-USD | −0.131% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
| BingX LINK-USDC | −0.109% | +0.0088% | 8h | — | $6.6M | — | as long as short |
| Derive LINK-PERP | −0.096% | +0.0100% | 1h | $27K | $10K | 10x | as long as short |
| BloFin LINK-USDT | −0.093% | +0.0083% | 8h | $5.2M | $13.0M | 75x | as long as short |
| Nado LINK-PERP | −0.089% | +0.0100% | 1h | $424K | $302K | 10x | as long as short |
| Extended LINK-USD | −0.086% | 0.0000% | 1h | $666K | $1.8M | 25x | as long as short |
| KuCoin LINKUSDTM | −0.085% | +0.0100% | 8h | $21.0M | $16.7M | 75x | as long as short |
| Bitget LINKUSDT | −0.085% | +0.0088% | 8h | $53.7M | $29.2M | 75x | as long as short |
| Paradex LINK-USD-PERP | −0.083% | +0.0061% | 8h | $31K | $2K | 20x | as long as short |
| Reya LINKRUSDPERP | −0.083% | +0.0362% | 1h | $4K | $400 | 20x | as long as short |
| Gate LINK_USDT | −0.078% | +0.0023% | 8h | $130.1M | $11.7M | 75x | as long as short |
| OKX LINK-USDT-SWAP | −0.070% | −0.0042% | 8h | $26.8M | $85.6M | 50x | as long as short |
| Aster LINKUSDT | −0.070% | +0.0100% | 8h | $1.4M | $2.4M | 50x | as long as short |
| GMX LINK/USD [LINK-USDC] | −0.068% | L −0.0092% / S +0.0164% | 1h | $1.7M | — | 200x | as long as short |
| MEXC LINK_USDT | −0.062% | +0.0020% | 8h | $31.2M | $56.7M | 300x | as long as short |
| Polymarket Perps LINK-USDshort | −0.054% | +0.0100% | 1h | $77K | $55K | 10x | |
| Orderly PERP_LINK_USDC | −0.047% | +0.0070% | 8h | $138K | $1.7M | 20x | as long as short |
| SoDEX LINK-USD | −0.047% | +0.0058% | 1h | $8K | $36K | 10x | as long as short |
| Binance LINKUSDT | −0.045% | +0.0021% | 8h | $117.9M | $285.4M | 75x | as long as short |
| gTrade (Gains Network) LINK/USD | −0.040% | L +0.0004% / S −0.0007% | 1h | $174K | — | 150x | as long as short |
| Coinbase International LINK-PERP-INTX | −0.039% | +0.0072% | 1h | $986K | $2.6M | 50x | as long as short |
| Aevo LINK-PERP | −0.031% | +0.0088% | 1h | $542K | $340 | 3x | as long as short |
| Lighter LINK | −0.029% | +0.0096% | 1h | $2.0M | $2.4M | 10x | as long as short |
| Hyperliquid LINK | −0.023% | +0.0100% | 1h | $75.5M | $21.9M | 10x | as long as short |
| Arcus LINK-USDlong | 0.000% | +0.0100% | 1h | $181K | $186K | 10x | |
| Kraken Futures PF_LINKUSD | +0.019% | −0.0328% | 1h | $6.0M | $6.6M | 50x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.026% | +0.0185% | 1h | $684K | $106K | 50x | as long as short |
| SunX LINK-USDT | +0.054% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |
| Phemex LINKUSDT | +0.078% | +0.0393% | 8h | $20.1M | $11.3M | 50x | as long as short |