Spread before costs (cost unknown: a leg has no order-book sample)−0.112%
7d average—if it closes, per $10,000$11funding while held, a day+$7.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus LINK-USD | 12.881 | 0.0100 | pay 0.0013% / 1h | 20m 29s | $181K | $182K | 10x |
| Short | Reya LINKRUSDPERP | 12.867 | 0.0362 | get 0.0045% / 1h | 20m 29s | $4K | $400 | 20x |
Arcus LINK-USD
Reya LINKRUSDPERPPrice 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
- −$11.2
- Funding while held
- $7.87
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$13.82
- Spread needed to break even
- 0.105%
Slippage unknown: Arcus: live order book, 19 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0262%
- Per $10,000 a day
- +$7.87
- 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, 19 min ago | 8.55 bp | 22.6 bp −$23 | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective12.400cheapestHTX12.808+3.294%Variational Omni12.854+3.658%Pacifica12.858+3.692%Gate12.859+3.702%Paradex12.860+3.706%KuCoin12.860+3.710%MEXC12.861+3.718%ApeX Omni12.863+3.734%dYdX12.863+3.736%Derive12.864+3.738%Bybit12.865+3.750%Coinbase International12.865+3.750%Phoenix12.866+3.755%edgeX12.866+3.758%BingX12.866+3.758%Lighter12.866+3.762%Nado12.867+3.762%
Injective
HTX
Variational Omni
Pacifica
Gate
Paradex
KuCoin
MEXC
ApeX Omni
dYdX
Derive
Bybit
Coinbase International
Phoenix
BingX
Lighter
NadoReya12.867+3.763%
Extended12.867+3.765%GMX12.867+3.769%Aster12.868+3.772%Hyperliquid12.868+3.774%Bitget12.868+3.774%SoDEX12.868+3.774%BloFin12.868+3.774%Backpack12.870+3.790%OKX12.871+3.798%Aevo12.871+3.801%Orderly12.872+3.806%gTrade (Gains Network)12.872+3.808%Kalshi12.874+3.821%Binance12.874+3.823%Phemex12.874+3.823%Polymarket Perps12.875+3.831%Kraken Futures12.877+3.844%Deribit12.877+3.844%
Extended
GMX
Aster
Hyperliquid
Bitget
SoDEX
BloFin
Backpack
OKX
Aevo
Orderly
gTrade (Gains Network)
Binance
Phemex
Polymarket Perps
Kraken Futures
DeribitArcus12.881+3.879%
SunX12.883+3.898%
SunXLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.734% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| HTX LINK-USDT | −0.564% | +0.0100% | 8h | $620K | $948K | 75x | as long as short |
| Variational Omni LINK | −0.213% | −0.0099% | 8h | $3.2M | $1.2M | — | as long as short |
| Pacifica LINK | −0.180% | +0.0100% | 1h | $273K | $163K | 10x | as long as short |
| Gate LINK_USDT | −0.171% | +0.0046% | 8h | $129.4M | $12.0M | 75x | as long as short |
| Paradex LINK-USD-PERP | −0.167% | +0.0073% | 8h | $31K | $2K | 20x | as long as short |
| KuCoin LINKUSDTM | −0.163% | +0.0100% | 8h | $21.1M | $16.6M | 75x | as long as short |
| MEXC LINK_USDT | −0.155% | +0.0025% | 8h | $32.4M | $57.2M | 300x | as long as short |
| ApeX Omni LINKUSDT | −0.140% | +0.0100% | 1h | $130K | $647K | 50x | as long as short |
| dYdX LINK-USD | −0.137% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Derive LINK-PERP | −0.135% | +0.0100% | 1h | $27K | $10K | 10x | as long as short |
| Bybit LINKUSDT | −0.124% | −0.0168% | 8h | $82.4M | $62.5M | 75x | as long as short |
| Coinbase International LINK-PERP-INTX | −0.124% | +0.0072% | 1h | $987K | $2.6M | 50x | as long as short |
| Phoenix LINK | −0.120% | −0.0080% | 1h | $3K | $46K | 10x | as long as short |
| edgeX LINKUSDC | −0.117% | +0.0100% | 4h | $43K | $306K | 20x | as long as short |
| BingX LINK-USDT | −0.116% | +0.0087% | 8h | — | $20.0M | — | as long as short |
| Lighter LINK | −0.113% | +0.0096% | 1h | $2.0M | $2.4M | 10x | as long as short |
| Nado LINK-PERP | −0.113% | +0.0100% | 1h | $424K | $300K | 10x | as long as short |
| Reya LINKRUSDPERPshort | −0.112% | +0.0362% | 1h | $4K | $400 | 20x | |
| Extended LINK-USD | −0.110% | +0.0072% | 1h | $667K | $1.8M | 25x | as long as short |
| GMX LINK/USD [LINK-USDC] | −0.106% | L −0.0094% / S +0.0165% | 1h | $1.7M | — | 200x | as long as short |
| Aster LINKUSDT | −0.103% | +0.0100% | 8h | $1.3M | $2.4M | 50x | as long as short |
| Hyperliquid LINK | −0.101% | +0.0100% | 1h | $75.5M | $21.8M | 10x | as long as short |
| Bitget LINKUSDT | −0.101% | +0.0086% | 8h | $53.5M | $29.2M | 75x | as long as short |
| SoDEX LINK-USD | −0.101% | +0.0062% | 1h | $8K | $36K | 10x | as long as short |
| BloFin LINK-USDT | −0.101% | +0.0104% | 8h | $5.1M | $13.3M | 75x | as long as short |
| Backpack LINK_USDC_PERP | −0.085% | +0.0100% | 1h | $349K | $377K | 15x | as long as short |
| OKX LINK-USDT-SWAP | −0.078% | −0.0036% | 8h | $26.8M | $84.9M | 50x | as long as short |
| Aevo LINK-PERP | −0.075% | +0.0088% | 1h | $541K | $340 | 3x | as long as short |
| Orderly PERP_LINK_USDC | −0.070% | +0.0070% | 8h | $141K | $1.7M | 20x | as long as short |
| gTrade (Gains Network) LINK/USD | −0.068% | L +0.0004% / S −0.0008% | 1h | $184K | — | 150x | as long as short |
| Kalshi KXLINKPERP | −0.056% | 0.0000% | 8h | $454K | $2.2M | 3.7x | as long as short |
| Binance LINKUSDT | −0.054% | +0.0028% | 8h | $117.4M | $286.0M | 75x | as long as short |
| Phemex LINKUSDT | −0.054% | +0.0408% | 8h | $20.1M | $11.2M | 50x | as long as short |
| Polymarket Perps LINK-USD | −0.047% | +0.0100% | 1h | $77K | $56K | 10x | as long as short |
| Kraken Futures PF_LINKUSD | −0.034% | −0.0329% | 1h | $6.0M | $6.4M | 50x | as long as short |
| Deribit LINK_USDC-PERPETUAL | −0.033% | +0.0069% | 1h | $684K | $104K | 50x | as long as short |
| Arcus LINK-USDlong | 0.000% | +0.0100% | 1h | $181K | $182K | 10x | |
| SunX LINK-USDT | +0.018% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |