After costs, if the gap returns to its 7d average, $10k−$18
spread now+0.052%7d average+0.002%fees + slippage, in and out−$23spread needed0.232%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget LINKUSDT | 12.851 | 0.0087 | pay 0.0087% / 8h | 6h 38m | $53.5M | $29.3M | 75x |
| Short | Lighter LINK | 12.858 | 0.0096 | get 0.0012% / 1h | 38m 00s | $2.1M | $2.3M | 10x |
Bitget LINKUSDT
Lighter LINKPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $5.21
- Funding while held
- $0.27
- Slippage, 4 orders
- −$11.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.73
- Spread needed to break even
- 0.232%
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0009%
- Per $10,000 a day
- +$0.27
- Average in range /8h
- —
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, 2 min ago | 0.39 bp | 9.0 bp −$9 | 15.5 bp −$155 | 28.8 bp −$2,875 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.61 bp | 1.6 bp −$2 | 9.3 bp −$93 | 131.7 bp −$13.2K | doesn't fit |
LINK price on every exchange
against the cheapest. Click to use as the short leg.Injective12.400cheapestPhoenix12.812+3.323%HTX12.828+3.448%Extended12.847+3.605%OKX12.851+3.637%
Injective
Phoenix
HTX
Extended
OKXBitget12.851+3.637%
MEXC12.852+3.645%SoDEX12.856+3.677%BingX12.857+3.685%
MEXC
SoDEX
BingXLighter12.858+3.691%
Kraken Futures12.858+3.691%Variational Omni12.859+3.703%edgeX12.860+3.707%Coinbase International12.861+3.718%Gate12.862+3.726%Backpack12.865+3.750%Hyperliquid12.866+3.758%BloFin12.867+3.766%Bybit12.868+3.774%Phemex12.871+3.798%Aster12.871+3.801%Binance12.872+3.806%Reya12.877+3.849%ApeX Omni12.880+3.871%Derive12.882+3.884%GMX12.886+3.916%KuCoin12.887+3.927%Nado12.888+3.935%Polymarket Perps12.888+3.935%Kalshi12.888+3.939%gTrade (Gains Network)12.889+3.940%Orderly12.890+3.952%Aevo12.890+3.952%Deribit12.891+3.956%Pacifica12.891+3.962%Paradex12.897+4.005%dYdX12.898+4.016%SunX12.900+4.032%Arcus12.903+4.056%
Kraken Futures
Variational Omni
Coinbase International
Gate
Backpack
Hyperliquid
BloFin
Bybit
Phemex
Aster
Binance
Reya
ApeX Omni
Derive
GMX
KuCoin
Nado
Polymarket Perps
gTrade (Gains Network)
Orderly
Aevo
Deribit
Pacifica
Paradex
dYdX
SunX
ArcusLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.509% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| Phoenix LINK | −0.303% | −0.0080% | 1h | $3K | $46K | 10x | as long as short |
| HTX LINK-USDT | −0.183% | +0.0041% | 8h | $621K | $1.0M | 75x | as long as short |
| Extended LINK-USD | −0.031% | −0.0040% | 1h | $667K | $1.8M | 25x | as long as short |
| OKX LINK-USDT-SWAP | 0.000% | −0.0044% | 8h | $26.8M | $85.6M | 50x | as long as short |
| Bitget LINKUSDTlong | 0.000% | +0.0087% | 8h | $53.5M | $29.3M | 75x | |
| MEXC LINK_USDT | +0.008% | +0.0017% | 8h | $31.8M | $56.5M | 300x | as long as short |
| SoDEX LINK-USD | +0.039% | +0.0015% | 1h | $8K | $36K | 10x | as long as short |
| BingX LINK-USDT | +0.047% | +0.0088% | 8h | — | $19.8M | — | as long as short |
| Lighter LINKshort | +0.052% | +0.0096% | 1h | $2.1M | $2.3M | 10x |