Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Binance+0.039%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.039%, 7d avg −0.006%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.044% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.955	0.0100	pay 0.0100% / 8h	5h 07m	$119.8M	$296.1M	75x
Short	KuCoin LINKUSDTM	12.960	0.0100	get 0.0100% / 8h	5h 07m	$22.9M	$13.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.006%: $4.42
Slippage, 4 orders: −$15.33
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.91
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 2 min ago.

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 Binance live order book, 6 min ago	0.38 bp	6.6 bp −$7	12.2 bp −$122	34.6 bp −$3,460	117.2 bp −$58.6K
Sell KuCoin live order book, 2 min ago	1.16 bp	11.8 bp −$12	22.0 bp −$220	58.1 bp −$5,810	doesn't fit

LINK on 40 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	12.960	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.967	+0.093%	$481K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.961	+0.044%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.284%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0063%	8h	12.957	+0.015%	$117K	$1.4M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.994	+0.301%	$964K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.958	+0.025%	$772K	$177K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.955	0.000%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.989	+0.266%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.967	+0.089%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.961	+0.050%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.960	+0.039%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.967	+0.093%	$273K	$174K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.955	long leg	$119.8M	$296.1M	75x
Bybit LINKUSDT	+0.0100%	8h	12.952	−0.023%	$83.7M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.950	−0.039%	$27.3M	$82.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.979	+0.185%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.954	−0.008%	$128.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.955	0.000%	$32.4M	$57.4M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.960	+0.039%	$22.9M	$13.4M	75x
Bitget LINKUSDT	+0.0100%	8h	12.950	−0.039%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.952	−0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.961	+0.046%	$342K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	+0.262%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.235%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.980	+0.193%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	+0.232%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.964	+0.069%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.958	+0.020%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.977	+0.168%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.954	−0.008%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.954	−0.005%	$639K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.948	−0.056%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.958	+0.023%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.957	+0.015%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.955	+0.002%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0556%	1h	12.958	+0.021%	$6.8M	$8.0M	50x	as long as short
dYdX LINK-USD	+0.0599%	1h	12.963	+0.058%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.976	+0.162%	$20.0M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0634%	1h	12.969	+0.108%	$81.6M	$27.3M	10x	as long as short