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 −0.002%

Price spread now: OKX against Binance−0.014%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.014%, 7d avg −0.009%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.965	0.0100	pay 0.0100% / 8h	4h 24m	$119.9M	$297.4M	75x
Short	OKX LINK-USDT-SWAP	12.963	0.0100	get 0.0100% / 8h	4h 24m	$27.4M	$81.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.009%: −$0.5
Slippage, 4 orders: −$8.44
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.94
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.39 bp	6.4 bp −$6	12.3 bp −$123	38.2 bp −$3,824	116.1 bp −$58.0K
Sell OKX live order book, 4 min ago	0.38 bp	8.5 bp −$9	15.6 bp −$156	32.6 bp −$3,260	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	12.962	−0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.973	+0.067%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.963	−0.016%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.356%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.961	−0.029%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.967	+0.017%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.971	+0.048%	$944K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.988	+0.180%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.969	+0.031%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.968	+0.029%	$392K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.961	−0.029%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.968	+0.026%	$274K	$176K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.965	long leg	$119.9M	$297.4M	75x
Bybit LINKUSDT	+0.0100%	8h	12.962	−0.022%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.963	−0.014%	$27.4M	$81.4M	50x
Arcus LINK-USD	+0.0100%	1h	12.980	+0.117%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.969	+0.032%	$128.3M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.965	+0.002%	$33.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.968	+0.025%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.965	+0.002%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.962	−0.022%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.968	+0.025%	$339K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	−0.082%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.958	−0.054%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.967	+0.018%	$581K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.965	+0.002%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.972	+0.056%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.968	+0.028%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.995	+0.235%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.969	+0.032%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.912	−0.404%	$634K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.959	−0.048%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.965	0.000%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0159%	1h	12.975	+0.078%	$777K	$200K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.009%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0367%	1h	12.981	+0.125%	$81.3M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.961	−0.026%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.972	+0.054%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0437%	1h	12.965	+0.001%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.981	+0.125%	$20.0M	$11.4M	50x	as long as short