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 −0.012%

Price spread now: Bybit against Bitget−0.008%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.008%, 7d avg 0.000%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	12.971	0.0100	pay 0.0100% / 8h	6h 29m	$54.0M	$30.9M	75x
Short	Bybit LINKUSDT	12.970	0.0100	get 0.0100% / 8h	6h 29m	$83.6M	$72.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.8
Slippage, 4 orders: −$9.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.41
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	0.39 bp	9.3 bp −$9	14.6 bp −$146	29.9 bp −$2,993	doesn't fit
Sell Bybit live order book, 5 min ago	0.39 bp	9.2 bp −$9	13.8 bp −$138	35.3 bp −$3,533	doesn't fit

LINK on 39 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 −0.0090% / S +0.0167%	1h	12.970	−0.007%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.974	+0.025%	$472K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.970	−0.006%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.402%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	+0.009%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.967	−0.031%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.990	+0.146%	$955K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.974	+0.026%	$770K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.967	−0.031%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.020	+0.379%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.978	+0.058%	$395K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.983	+0.089%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.991	+0.154%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.971	0.000%	$119.1M	$304.1M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.970	−0.008%	$83.6M	$72.3M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.974	+0.023%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.000	+0.224%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.984	+0.100%	$128.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.974	+0.023%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.988	+0.131%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	12.971	long leg	$54.0M	$30.9M	75x
BingX LINK-USDT	+0.0100%	8h	12.974	+0.023%	—	$23.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.001	+0.231%	$338K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.143%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	−0.065%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.214%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	−0.077%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.989	+0.139%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.968	−0.027%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.980	+0.071%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.964	−0.054%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	+0.011%	$640K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.963	−0.061%	$661K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.967	−0.027%	$544K	$2K	3x	as long as short
dYdX LINK-USD	+0.0305%	1h	12.992	+0.161%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.973	+0.012%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0398%	1h	12.997	+0.200%	$79.7M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	−0.039%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.982	+0.085%	$20.0M	$11.5M	50x	as long as short