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 0.000%

Price spread now: KuCoin against Bitget+0.031%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.031%, 7d avg +0.016%

Together, before fees−0.042%−$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	12.930	0.0100	pay 0.0100% / 8h	1h 57m	$54.1M	$30.4M	75x
Short	KuCoin LINKUSDTM	12.934	0.0100	get 0.0100% / 8h	1h 57m	$22.8M	$12.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.016%: $1.49
Slippage, 4 orders: −$20.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.38
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 11 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, 1 min ago	0.39 bp	6.4 bp −$6	7.0 bp −$70	12.3 bp −$1,230	doesn't fit
Sell KuCoin live order book, 11 min ago	1.93 bp	11.3 bp −$11	15.9 bp −$159	doesn't fit	doesn't fit

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	12.939	+0.070%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.947	+0.134%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.938	+0.061%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0018%	8h	12.926	−0.031%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.099%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0052%	1h	12.939	+0.071%	$806K	$254K	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.958	+0.218%	$3K	$81K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.925	−0.042%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.950	+0.158%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.953	+0.182%	$347K	$343K	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	12.935	+0.039%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.955	+0.194%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.924	−0.046%	$119.2M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.927	−0.023%	$83.5M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.928	−0.015%	$27.0M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.968	+0.294%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.926	−0.031%	$124.4M	$15.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.930	0.000%	$33.1M	$57.5M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.934	+0.031%	$22.8M	$12.9M	75x
Bitget LINKUSDTlong	+0.0100%	8h	12.930	long leg	$54.1M	$30.4M	75x
BingX LINK-USDC	+0.0100%	8h	12.929	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	+0.117%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.162%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.951	+0.159%	$579K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.954	+0.186%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.956	+0.201%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.932	+0.015%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.956	+0.203%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.933	+0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.899	−0.239%	$632K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.927	−0.021%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.934	+0.035%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.945	+0.116%	$934K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.934	+0.030%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.944	+0.108%	$5.2M	$15.9M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	12.938	+0.062%	$337K	$389K	15x	as long as short
Hyperliquid LINK	+0.0291%	1h	12.943	+0.098%	$80.7M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.944	+0.111%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.951	+0.162%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1275%	1h	12.949	+0.147%	$345K	$33K	10x	as long as short