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−$200
spread now+0.092%7d average+0.021%fees + slippage, in and out−$207spread needed2.071%
Long on BingXShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LINK-USDT12.9640.0100pay 0.0100% / 8h7h 24m—$20.7M—
ShortdYdX LINK-USD12.9760get 0.0000% / 1h24m 33s$344K$60K10x

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
$9.17
Funding while held
−$3
Slippage, 4 orders
−$187.14
Fee BingX: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$200.97
Spread needed to break even
2.071%
Slippage from BingX: live order book, 5 min ago; dYdX: live order book, 21 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, 5 min ago1.15 bp6.2 bp −$66.8 bp −$6815.9 bp −$1,59144.6 bp −$22.3K
Sell dYdX live order book, 21 min ago68.69 bp121.1 bp −$121164.8 bp −$1,648190.9 bp −$19.1K224.6 bp −$112.3K

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapest
BingX12.964+4.548%
Aster12.965+4.552%Bitget12.965+4.556%Paradex12.966+4.562%Gate12.966+4.565%Lighter12.967+4.569%Extended12.967+4.573%Pacifica12.967+4.576%Reya12.968+4.577%Binance12.968+4.581%Bybit12.968+4.581%Polymarket Perps12.968+4.581%OKX12.969+4.589%MEXC12.970+4.597%KuCoin12.973+4.621%Backpack12.974+4.629%BloFin12.974+4.629%
dYdX12.976+4.644%
Hyperliquid12.978+4.661%HTX12.980+4.679%SoDEX12.982+4.694%Orderly12.983+4.702%Derive12.983+4.703%gTrade (Gains Network)12.983+4.706%Arcus12.984+4.710%Kraken Futures12.985+4.717%Coinbase International12.986+4.726%Aevo12.987+4.734%Variational Omni12.988+4.739%Deribit12.989+4.754%GMX12.991+4.767%Phemex12.995+4.798%SunX13.001+4.848%Phoenix13.004+4.869%Kalshi13.005+4.880%Nado13.007+4.891%edgeX13.012+4.939%ApeX Omni13.014+4.952%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.351%+0.0033%1h$4K$75K12xas long as short
BingX LINK-USDTlong0.000%+0.0100%8h—$20.7M—
Aster LINKUSDT+0.004%+0.0100%8h$1.4M$2.4M50xas long as short
Bitget LINKUSDT+0.008%+0.0100%8h$53.9M$30.4M75xas long as short
Paradex LINK-USD-PERP+0.013%+0.0045%8h$31K$2K20xas long as short
Gate LINK_USDT+0.015%+0.0045%8h$130.9M$12.0M75xas long as short
Lighter LINK+0.020%+0.0096%1h$1.9M$2.0M10xas long as short
Extended LINK-USD+0.024%−0.0008%1h$677K$1.8M25xas long as short
Pacifica LINK+0.026%+0.0100%1h$271K$166K10xas long as short
Reya LINKRUSDPERP+0.028%+0.0360%1h$4K$40020xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance LINKUSDT+0.031%+0.0033%8h$119.0M$289.6M75xas long as short
Bybit LINKUSDT+0.031%+0.0018%8h$80.3M$59.9M75xas long as short
Polymarket Perps LINK-USD+0.031%+0.0100%1h$78K$51K10xas long as short
OKX LINK-USDT-SWAP+0.039%−0.0003%8h$27.4M$90.9M50xas long as short
MEXC LINK_USDT+0.046%+0.0034%8h$33.3M$57.5M300xas long as short
KuCoin LINKUSDTM+0.069%+0.0100%8h$21.4M$17.2M75xas long as short
Backpack LINK_USDC_PERP+0.077%+0.0100%1h$363K$372K15xas long as short
BloFin LINK-USDT+0.077%+0.0140%8h$5.2M$13.0M75xas long as short
dYdX LINK-USDshort+0.092%0.0000%1h$344K$60K10x
Hyperliquid LINK+0.108%+0.0100%1h$76.6M$22.0M10xas long as short
HTX LINK-USDT+0.125%−0.0037%8h$638K$1.0M75xas long as short
SoDEX LINK-USD+0.139%−0.0089%1h$8K$38K10xas long as short
Orderly PERP_LINK_USDC+0.147%+0.0084%8h$149K$1.7M20xas long as short
Derive LINK-PERP+0.148%+0.0100%1h$28K$10K10xas long as short
gTrade (Gains Network) LINK/USD+0.150%L +0.0004% / S −0.0008%1h$190K—150xas long as short
Arcus LINK-USD+0.154%+0.0100%1h$183K$192K10xas long as short
Kraken Futures PF_LINKUSD+0.161%−0.0387%1h$6.0M$6.8M50xas long as short
Coinbase International LINK-PERP-INTX+0.170%+0.0072%1h$1.0M$2.7M50xas long as short
Aevo LINK-PERP+0.177%+0.0088%1h$546K$3403xas long as short
Variational Omni LINK+0.183%−0.0063%8h$3.2M$1.2M—as long as short
Deribit LINK_USDC-PERPETUAL+0.197%0.0000%1h$694K$85K50xas long as short
GMX LINK/USD [LINK-USDC]+0.209%L −0.0089% / S +0.0161%1h$1.7M—200xas long as short
Phemex LINKUSDT+0.239%+0.0518%8h$20.2M$11.2M50xas long as short
SunX LINK-USDT+0.286%+0.0100%8h$33K$1.6M30xas long as short
Phoenix LINK+0.306%−0.0061%1h$3K$49K10xas long as short
Kalshi KXLINKPERP+0.317%0.0000%8h$460K$2.2M3.7xas long as short
Nado LINK-PERP+0.328%+0.0100%1h$428K$362K10xas long as short
edgeX LINKUSDC+0.374%+0.0100%4h$43K$309K20xas long as short
ApeX Omni LINKUSDT+0.386%+0.0100%1h$132K$655K50xas long as short