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 −0.006%

Price spread now: Binance against Bitget+0.023%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.023%, 7d avg +0.020%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	12.994	0.0100	pay 0.0100% / 8h	3h 59m	$54.0M	$29.6M	75x
Short	Binance LINKUSDT	12.997	0.0100	get 0.0100% / 8h	3h 59m	$120.4M	$298.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.020%: $0.27
Slippage, 4 orders: −$8.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.2
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 14 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 Bitget live order book, 4 min ago	0.39 bp	8.9 bp −$9	11.6 bp −$116	20.7 bp −$2,068	doesn't fit
Sell Binance live order book, 14 min ago	0.38 bp	5.4 bp −$5	8.7 bp −$87	38.2 bp −$3,822	129.1 bp −$64.6K

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 −0.0089% / S +0.0166%	1h	12.991	−0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.995	+0.004%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.991	−0.022%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.571%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.991	−0.023%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.993	−0.010%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.992	−0.015%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.977	−0.132%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.992	−0.018%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	−0.035%	$393K	$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	12.994	0.000%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.994	−0.001%	$275K	$178K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.997	+0.023%	$120.4M	$298.0M	75x
Bybit LINKUSDT	+0.0100%	8h	12.993	−0.008%	$83.9M	$72.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.996	+0.015%	$27.5M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.100%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.990	−0.031%	$128.7M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.997	+0.023%	$32.8M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.991	−0.023%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	12.994	long leg	$54.0M	$29.6M	75x
BingX LINK-USDC	+0.0100%	8h	12.996	+0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	+0.015%	$340K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.990	−0.029%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.967	−0.206%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.971	−0.177%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	−0.146%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	+0.015%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.991	−0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.101%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.993	−0.008%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.109%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.989	−0.039%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.995	+0.004%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0212%	1h	12.999	+0.039%	$781K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.991	−0.023%	$5.3M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0306%	1h	13.012	+0.139%	$81.5M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.990	−0.031%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0393%	1h	12.994	+0.002%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0447%	1h	12.990	−0.034%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0530%	8h	13.005	+0.085%	$20.1M	$11.3M	50x	as long as short