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−$39
spread now+0.060%7d average+0.036%fees + slippage, in and out−$42spread needed0.415%
Long on BitgetShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LINKUSDT12.9620.0100pay 0.0100% / 8h7h 23m$53.9M$30.3M75x
ShortKraken Futures PF_LINKUSD12.970−0.0387pay 0.0048% / 1h23m 07s$6.0M$6.8M50x

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
$6
Funding while held
−$14.61
Slippage, 4 orders
−$19.51
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$50.13
Spread needed to break even
0.415%
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0487%
Per $10,000 a day
−$14.61
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 Bitget live order book, 2 min ago0.38 bp8.2 bp −$814.7 bp −$14728.7 bp −$2,869doesn't fit
Sell Kraken Futures live order book, 2 min ago1.93 bp11.9 bp −$1215.6 bp −$15642.9 bp −$4,290doesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.957+4.490%Extended12.959+4.506%Orderly12.959+4.508%SoDEX12.960+4.516%Nado12.960+4.520%KuCoin12.961+4.524%BloFin12.961+4.524%Derive12.961+4.526%Reya12.962+4.530%
Bitget12.962+4.532%
Polymarket Perps12.964+4.548%Aevo12.965+4.552%MEXC12.965+4.556%Bybit12.966+4.565%OKX12.966+4.565%Gate12.966+4.565%Aster12.966+4.567%GMX12.966+4.568%Binance12.967+4.573%Deribit12.967+4.573%gTrade (Gains Network)12.967+4.575%Lighter12.968+4.581%SunX12.969+4.586%BingX12.969+4.589%
Kraken Futures12.970+4.595%
Paradex12.970+4.595%Hyperliquid12.974+4.629%Phoenix12.976+4.647%Pacifica12.976+4.648%Arcus12.977+4.653%Coinbase International12.978+4.661%Backpack12.979+4.669%Kalshi12.982+4.691%dYdX12.987+4.731%Variational Omni12.988+4.739%edgeX12.989+4.752%Phemex12.991+4.766%ApeX Omni12.997+4.815%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.336%+0.0033%1h$4K$75K12xas long as short
HTX LINK-USDT−0.040%−0.0052%8h$637K$1.0M75xas long as short
Extended LINK-USD−0.025%−0.0024%1h$677K$1.8M25xas long as short
Orderly PERP_LINK_USDC−0.023%+0.0082%8h$147K$1.7M20xas long as short
SoDEX LINK-USD−0.015%−0.0105%1h$8K$38K10xas long as short
Nado LINK-PERP−0.012%+0.0100%1h$427K$350K10xas long as short
KuCoin LINKUSDTM−0.008%+0.0100%8h$21.4M$17.1M75xas long as short
BloFin LINK-USDT−0.008%+0.0131%8h$5.2M$13.0M75xas long as short
Derive LINK-PERP−0.006%+0.0100%1h$28K$10K10xas long as short
Reya LINKRUSDPERP−0.003%+0.0360%1h$4K$40020xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget LINKUSDTlong0.000%+0.0100%8h$53.9M$30.3M75x
Polymarket Perps LINK-USD+0.015%+0.0100%1h$78K$51K10xas long as short
Aevo LINK-PERP+0.019%+0.0088%1h$545K$3403xas long as short
MEXC LINK_USDT+0.023%+0.0032%8h$33.2M$57.5M300xas long as short
Bybit LINKUSDT+0.031%+0.0006%8h$80.3M$59.9M75xas long as short
OKX LINK-USDT-SWAP+0.031%−0.0005%8h$27.4M$90.9M50xas long as short
Gate LINK_USDT+0.031%+0.0046%8h$130.9M$12.0M75xas long as short
Aster LINKUSDT+0.033%+0.0100%8h$1.4M$2.4M50xas long as short
GMX LINK/USD [LINK-USDC]+0.034%L −0.0089% / S +0.0161%1h$1.7M—200xas long as short
Binance LINKUSDT+0.039%+0.0033%8h$119.0M$289.6M75xas long as short
Deribit LINK_USDC-PERPETUAL+0.039%0.0000%1h$693K$85K50xas long as short
gTrade (Gains Network) LINK/USD+0.041%L +0.0004% / S −0.0008%1h$189K—150xas long as short
Lighter LINK+0.047%+0.0096%1h$1.9M$2.0M10xas long as short
SunX LINK-USDT+0.052%+0.0100%8h$33K$1.6M30xas long as short
BingX LINK-USDT+0.054%+0.0100%8h—$20.5M—as long as short
Kraken Futures PF_LINKUSDshort+0.060%−0.0387%1h$6.0M$6.8M50x
Paradex LINK-USD-PERP+0.060%+0.0045%8h$31K$2K20xas long as short
Hyperliquid LINK+0.093%+0.0100%1h$76.5M$22.0M10xas long as short
Phoenix LINK+0.110%−0.0061%1h$3K$49K10xas long as short
Pacifica LINK+0.111%+0.0100%1h$271K$166K10xas long as short
Arcus LINK-USD+0.116%+0.0100%1h$183K$192K10xas long as short
Coinbase International LINK-PERP-INTX+0.123%+0.0072%1h$1.0M$2.7M50xas long as short
Backpack LINK_USDC_PERP+0.131%+0.0100%1h$363K$371K15xas long as short
Kalshi KXLINKPERP+0.152%0.0000%8h$458K$2.2M3.7xas long as short
dYdX LINK-USD+0.190%0.0000%1h$344K$60K10xas long as short
Variational Omni LINK+0.198%−0.0063%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC+0.210%+0.0100%4h$43K$309K20xas long as short
Phemex LINKUSDT+0.224%+0.0613%8h$20.2M$11.2M50xas long as short
ApeX Omni LINKUSDT+0.270%+0.0100%1h$132K$656K50xas long as short