Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: SoDEX against BingX0.000%7-day average — · you sell dearer than you buy

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

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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	BingX LINK-USDC	12.933	0.0100	pay 0.0100% / 8h	1h 04m	—	$6.7M	—
Short	SoDEX LINK-USD	12.933	0.0100	get 0.0013% / 1h	4m 14s	$10K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 3 min ago; SoDEX: 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 BingX live order book, 3 min ago	0.77 bp	11.5 bp −$11	24.1 bp −$241	86.0 bp −$8,601	419.3 bp −$209.7K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0087% / S +0.0165%	1h	12.935	+0.013%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0038%	8h	12.929	−0.031%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.946	+0.102%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.936	+0.022%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.121%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.301%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.935	+0.012%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.938	+0.036%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.940	+0.050%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.936	+0.024%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.942	+0.067%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.935	+0.015%	$119.5M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.931	−0.015%	$83.6M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.931	−0.015%	$27.0M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.155%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.935	+0.015%	$134.8M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.933	0.000%	$34.3M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.939	+0.046%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.928	−0.039%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	12.933	long leg	—	$6.7M	—
Variational Omni LINK	+0.0100%	8h	12.954	+0.164%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	+0.151%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.952	+0.149%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.224%	$133K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.936	+0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.966	+0.258%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.951	+0.140%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.933	0.000%	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.927	−0.047%	$631K	$784K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0104%	1h	12.948	+0.116%	$336K	$387K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.926	−0.056%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.937	+0.027%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.963	+0.232%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0142%	1h	12.942	+0.070%	$81.0M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0152%	1h	12.940	+0.055%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.937	+0.032%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	+0.077%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.928	−0.035%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.951	+0.139%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0556%	1h	12.937	+0.027%	$345K	$45K	10x	as long as short