data as of
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Price arb /

LINK

all LINK markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.108%7d average−0.036%fees + slippage, in and out−$36spread needed0.362%
Long on BackpackShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack LINK_USDC_PERP12.8190.0100pay 0.0013% / 1h0m 10s$348K$373K15x
ShortBinance LINKUSDT12.8050.0037get 0.0037% / 8h6h 00m$116.2M$289.2M75x

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
−$10.81
Funding while held
−$1.89
Slippage, 4 orders
−$16.18
Fee Backpack: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$48.88
Spread needed to break even
0.362%
Slippage from Backpack: live order book, 40 min ago; Binance: live order book, 15 min ago.

Cost of waiting

funding view
Funding /8h
−0.0063%
Per $10,000 a day
−$1.89
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 Backpack live order book, 40 min ago1.55 bp13.7 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago0.39 bp6.7 bp −$711.2 bp −$11229.8 bp −$2,97598.3 bp −$49.2K

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestApeX Omni12.753+2.847%edgeX12.755+2.866%Phoenix12.769+2.978%HTX12.775+3.026%Variational Omni12.788+3.127%Coinbase International12.793+3.169%BloFin12.796+3.194%Reya12.796+3.195%Gate12.798+3.210%Bybit12.799+3.218%Paradex12.799+3.220%Polymarket Perps12.800+3.226%Nado12.801+3.234%OKX12.802+3.242%Bitget12.802+3.242%Extended12.803+3.246%BingX12.803+3.250%Pacifica12.803+3.252%MEXC12.804+3.258%SoDEX12.804+3.258%Aster12.805+3.264%KuCoin12.805+3.266%
Binance12.805+3.267%
Derive12.806+3.273%Hyperliquid12.806+3.274%GMX12.806+3.278%Arcus12.808+3.290%gTrade (Gains Network)12.808+3.291%Lighter12.808+3.292%Aevo12.810+3.304%Kraken Futures12.810+3.310%dYdX12.811+3.314%Kalshi12.813+3.331%Orderly12.813+3.331%Deribit12.813+3.331%SunX12.817+3.361%Phemex12.817+3.363%
Backpack12.819+3.379%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−3.269%+0.0033%1h$4K$48K12xas long as short
ApeX Omni LINKUSDT−0.515%+0.0100%1h$129K$650K50xas long as short
edgeX LINKUSDC−0.496%+0.0100%4h$42K$308K20xas long as short
Phoenix LINK−0.388%−0.0080%1h$6K$46K10xas long as short
HTX LINK-USDT−0.342%+0.0100%8h$618K$924K75xas long as short
Variational Omni LINK−0.244%−0.0122%8h$3.2M$1.2M—as long as short
Coinbase International LINK-PERP-INTX−0.203%+0.0072%1h$984K$2.6M50xas long as short
BloFin LINK-USDT−0.179%+0.0143%8h$5.1M$13.6M75xas long as short
Reya LINKRUSDPERP−0.178%+0.0363%1h$4K$40020xas long as short
Gate LINK_USDT−0.164%+0.0038%8h$128.6M$12.3M75xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit LINKUSDT−0.156%−0.0210%8h$81.8M$64.1M75xas long as short
Paradex LINK-USD-PERP−0.154%+0.0083%8h$31K$2K20xas long as short
Polymarket Perps LINK-USD−0.148%+0.0100%1h$76K$56K10xas long as short
Nado LINK-PERP−0.140%+0.0100%1h$425K$283K10xas long as short
OKX LINK-USDT-SWAP−0.133%−0.0031%8h$26.5M$84.3M50xas long as short
Bitget LINKUSDT−0.133%+0.0087%8h$53.4M$29.4M75xas long as short
Extended LINK-USD−0.128%+0.0104%1h$648K$1.8M25xas long as short
BingX LINK-USDC−0.125%+0.0087%8h—$6.6M—as long as short
Pacifica LINK−0.123%+0.0100%1h$270K$166K10xas long as short
MEXC LINK_USDT−0.117%+0.0035%8h$33.1M$58.2M300xas long as short
SoDEX LINK-USD−0.117%+0.0100%1h$3K$38K10xas long as short
Aster LINKUSDT−0.111%+0.0100%8h$1.3M$2.4M50xas long as short
KuCoin LINKUSDTM−0.109%+0.0100%8h$21.1M$16.7M75xas long as short
Binance LINKUSDTshort−0.108%+0.0037%8h$116.2M$289.2M75x
Derive LINK-PERP−0.103%+0.0100%1h$24K$10K10xas long as short
Hyperliquid LINK−0.101%+0.0100%1h$74.8M$22.1M10xas long as short
GMX LINK/USD [LINK-USDC]−0.098%L −0.0091% / S +0.0165%1h$1.7M—200xas long as short
Arcus LINK-USD−0.086%+0.0100%1h$179K$126K10xas long as short
gTrade (Gains Network) LINK/USD−0.085%L +0.0004% / S −0.0004%1h$115K—150xas long as short
Lighter LINK−0.084%+0.0096%1h$2.0M$2.4M10xas long as short
Aevo LINK-PERP−0.073%+0.0088%1h$539K$3403xas long as short
Kraken Futures PF_LINKUSD−0.066%−0.0330%1h$6.0M$6.5M50xas long as short
dYdX LINK-USD−0.063%0.0000%1h$339K$60K10xas long as short
Kalshi KXLINKPERP−0.047%0.0000%8h$466K$2.3M3.7xas long as short
Orderly PERP_LINK_USDC−0.047%+0.0070%8h$141K$1.7M20xas long as short
Deribit LINK_USDC-PERPETUAL−0.047%0.0000%1h$680K$106K50xas long as short
SunX LINK-USDT−0.017%+0.0100%8h$33K$1.5M30xas long as short
Phemex LINKUSDT−0.016%+0.0429%8h$19.9M$11.2M50xas long as short
Backpack LINK_USDC_PERPlong0.000%+0.0100%1h$348K$373K15x