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−$27
spread now+0.032%7d average—fees + slippage, in and out−$30spread needed0.302%
Long on BingXShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LINK-USDT12.9500.0100pay 0.0100% / 8h4h 58m—$21.3M—
ShortDeribit LINK_USDC-PERPETUAL12.9540get 0.0000% / 1h58m 49s$688K$106K50x

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
$3.17
Funding while held
−$3
Slippage, 4 orders
−$13.18
Fee BingX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$30.01
Spread needed to break even
0.302%
Slippage from BingX: live order book, 1 min ago; Deribit: live order book, 37 min ago.

Cost of waiting

funding view
Funding /8h
−0.0100%
Per $10,000 a day
−$3.00
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 BingX live order book, 1 min ago1.16 bp6.2 bp −$66.9 bp −$6916.0 bp −$1,60137.2 bp −$18.6K
Sell Deribit live order book, 37 min ago3.11 bp10.5 bp −$1016.4 bp −$164doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.938+4.342%Reya12.944+4.390%Bybit12.945+4.395%OKX12.945+4.395%Nado12.947+4.411%Variational Omni12.948+4.418%Derive12.948+4.419%Bitget12.948+4.419%Paradex12.948+4.423%Gate12.949+4.427%Extended12.949+4.429%
BingX12.950+4.435%
Polymarket Perps12.950+4.435%SoDEX12.951+4.444%Binance12.951+4.445%Pacifica12.952+4.453%MEXC12.953+4.460%edgeX12.953+4.460%Phoenix12.953+4.463%gTrade (Gains Network)12.954+4.466%KuCoin12.954+4.468%Orderly12.954+4.468%BloFin12.954+4.468%
Deribit12.954+4.469%
Aevo12.954+4.469%GMX12.954+4.470%dYdX12.955+4.479%Lighter12.956+4.480%Aster12.956+4.481%Coinbase International12.956+4.484%Kraken Futures12.957+4.490%Kalshi12.958+4.502%ApeX Omni12.959+4.508%Hyperliquid12.962+4.532%SunX12.962+4.535%Arcus12.965+4.556%Backpack12.966+4.565%Phemex12.970+4.597%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.247%+0.0033%1h$4K$48K12xas long as short
HTX LINK-USDT−0.090%+0.0080%8h$628K$920K75xas long as short
Reya LINKRUSDPERP−0.044%+0.0366%1h$4K$20020xas long as short
Bybit LINKUSDT−0.039%−0.0112%8h$82.5M$64.3M75xas long as short
OKX LINK-USDT-SWAP−0.039%−0.0003%8h$27.0M$81.3M50xas long as short
Nado LINK-PERP−0.023%+0.0100%1h$391K$291K10xas long as short
Variational Omni LINK−0.017%−0.0118%8h$3.2M$1.2M—as long as short
Derive LINK-PERP−0.016%+0.0100%1h$24K$13K10xas long as short
Bitget LINKUSDT−0.015%+0.0100%8h$54.1M$29.2M75xas long as short
Paradex LINK-USD-PERP−0.012%+0.0096%8h$31K$2K20xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate LINK_USDT−0.008%+0.0100%8h$129.6M$11.9M75xas long as short
Extended LINK-USD−0.007%+0.0104%1h$632K$1.9M25xas long as short
BingX LINK-USDTlong0.000%+0.0100%8h—$21.3M—
Polymarket Perps LINK-USD0.000%+0.0100%1h$77K$56K10xas long as short
SoDEX LINK-USD+0.008%+0.0078%1h$4K$39K10xas long as short
Binance LINKUSDT+0.009%+0.0082%8h$118.0M$288.4M75xas long as short
Pacifica LINK+0.016%+0.0100%1h$272K$166K10xas long as short
MEXC LINK_USDT+0.023%+0.0082%8h$34.6M$54.5M300xas long as short
edgeX LINKUSDC+0.024%+0.0100%4h$43K$309K20xas long as short
Phoenix LINK+0.026%−0.0012%1h$9K$78K10xas long as short
gTrade (Gains Network) LINK/USD+0.029%L +0.0004% / S −0.0005%1h$118K—150xas long as short
KuCoin LINKUSDTM+0.031%+0.0100%8h$21.3M$15.9M75xas long as short
Orderly PERP_LINK_USDC+0.031%+0.0070%8h$146K$1.6M20xas long as short
BloFin LINK-USDT+0.031%+0.0202%8h$5.2M$13.8M75xas long as short
Deribit LINK_USDC-PERPETUALshort+0.032%0.0000%1h$688K$106K50x
Aevo LINK-PERP+0.032%+0.0104%1h$545K$3403xas long as short
GMX LINK/USD [LINK-USDC]+0.033%L −0.0091% / S +0.0165%1h$1.7M—200xas long as short
dYdX LINK-USD+0.042%0.0000%1h$343K$60K10xas long as short
Lighter LINK+0.042%+0.0096%1h$2.0M$2.2M10xas long as short
Aster LINKUSDT+0.044%+0.0100%8h$1.4M$2.4M50xas long as short
Coinbase International LINK-PERP-INTX+0.046%+0.0008%1h$1.0M$2.6M50xas long as short
Kraken Futures PF_LINKUSD+0.052%+0.0018%1h$6.1M$6.3M50xas long as short
Kalshi KXLINKPERP+0.064%0.0000%8h$469K$2.2M3.7xas long as short
ApeX Omni LINKUSDT+0.069%+0.0100%1h$131K$650K50xas long as short
Hyperliquid LINK+0.093%+0.0100%1h$75.7M$22.1M10xas long as short
SunX LINK-USDT+0.095%+0.0100%8h$34K$1.5M30xas long as short
Arcus LINK-USD+0.116%+0.0100%1h$181K$139K10xas long as short
Backpack LINK_USDC_PERP+0.124%+0.0121%1h$353K$373K15xas long as short
Phemex LINKUSDT+0.154%+0.0454%8h$20.2M$11.2M50xas long as short