Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Polymarket Perps against Binance−0.011%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.163	0.0100	pay 0.0100% / 8h	2h 21m	$121.7M	$300.6M	75x
Short	Polymarket Perps LINK-USD	13.162	0.0100	get 0.0013% / 1h	21m 48s	$81K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → 0.000%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

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, 7 min ago	0.38 bp	5.4 bp −$5	9.6 bp −$96	36.5 bp −$3,648	118.7 bp −$59.3K
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 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 −0.0092% / S +0.0166%	1h	13.159	−0.030%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.163	−0.006%	$474K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.161	−0.021%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.159	−0.031%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	−0.091%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0019%	1h	13.151	−0.093%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.800%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.151	−0.094%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0076%	8h	13.148	−0.117%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.159	−0.031%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.148	−0.116%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	−0.041%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.169	+0.041%	$77.9M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.161	−0.022%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	−0.079%	$276K	$150K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.163	long leg	$121.7M	$300.6M	75x
Bybit LINKUSDT	+0.0100%	8h	13.164	+0.004%	$84.8M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.167	+0.027%	$27.8M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.168	+0.035%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.167	+0.027%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.162	−0.011%	$36.8M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	−0.056%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.163	−0.003%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.166	+0.020%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	−0.144%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.129%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	−0.125%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.162	−0.011%	$81K	$67K	10x
Derive LINK-PERP	+0.0100%	1h	13.153	−0.076%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.170	+0.050%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.156	−0.056%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.135	−0.219%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.148	−0.114%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.159	−0.033%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.153	−0.079%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0118%	1h	13.165	+0.012%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	−0.110%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.158	−0.041%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0469%	8h	13.169	+0.042%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.166	+0.021%	$7.0M	$7.8M	50x	as long as short