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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average+0.050%if it closes, per $10,000$1funding while held, a day−$0.72
Long on BitgetShort on Orderly
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LINKUSDT12.9060.0094pay 0.0094% / 8h5h 16m$54.0M$29.3M75x
ShortOrderly PERP_LINK_USDC12.9050.0070get 0.0070% / 8h5h 16m$145K$1.6M20x

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
−$0.77
Funding while held
−$0.72
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$19.5
Spread needed to break even
0.180%
Slippage unknown: Bitget: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0024%
Per $10,000 a day
−$0.72
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, 4 min ago0.39 bp9.4 bp −$99.5 bp −$9520.0 bp −$2,004doesn't fit
Sell Orderly no order-book sample—————
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestVariational Omni12.844+3.580%edgeX12.864+3.745%Phoenix12.877+3.849%HTX12.887+3.925%Paradex12.891+3.957%Nado12.891+3.960%Pacifica12.891+3.963%Reya12.896+3.996%Derive12.897+4.012%dYdX12.899+4.023%ApeX Omni12.900+4.032%Extended12.901+4.040%Polymarket Perps12.901+4.040%BloFin12.902+4.048%GMX12.903+4.055%Arcus12.903+4.056%Coinbase International12.903+4.056%gTrade (Gains Network)12.904+4.061%SoDEX12.904+4.065%SunX12.904+4.065%Aevo12.904+4.068%Kalshi12.905+4.069%KuCoin12.905+4.073%
Orderly12.905+4.073%
Bybit12.906+4.081%Gate12.906+4.081%
Bitget12.906+4.081%
Kraken Futures12.907+4.085%MEXC12.907+4.089%OKX12.908+4.097%BingX12.908+4.097%Deribit12.908+4.098%Aster12.910+4.114%Binance12.912+4.129%Phemex12.912+4.129%Lighter12.915+4.155%Backpack12.916+4.161%Hyperliquid12.917+4.169%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−3.921%+0.0033%1h$4K$48K12xas long as short
Variational Omni LINK−0.481%−0.0124%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC−0.323%+0.0100%4h$43K$308K20xas long as short
Phoenix LINK−0.222%−0.0012%1h$3K$68K10xas long as short
HTX LINK-USDT−0.150%+0.0092%8h$625K$919K75xas long as short
Paradex LINK-USD-PERP−0.119%+0.0093%8h$31K$2K20xas long as short
Nado LINK-PERP−0.116%+0.0100%1h$392K$294K10xas long as short
Pacifica LINK−0.113%+0.0100%1h$270K$167K10xas long as short
Reya LINKRUSDPERP−0.081%+0.0365%1h$4K$20020xas long as short
Derive LINK-PERP−0.066%+0.0100%1h$24K$13K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX LINK-USD−0.055%0.0000%1h$342K$60K10xas long as short
ApeX Omni LINKUSDT−0.046%+0.0100%1h$130K$652K50xas long as short
Extended LINK-USD−0.039%+0.0104%1h$631K$1.9M25xas long as short
Polymarket Perps LINK-USD−0.039%+0.0100%1h$77K$56K10xas long as short
BloFin LINK-USDT−0.031%+0.0184%8h$5.1M$13.8M75xas long as short
GMX LINK/USD [LINK-USDC]−0.024%L −0.0091% / S +0.0165%1h$1.7M—200xas long as short
Arcus LINK-USD−0.023%+0.0100%1h$181K$126K10xas long as short
Coinbase International LINK-PERP-INTX−0.023%+0.0008%1h$991K$2.6M50xas long as short
gTrade (Gains Network) LINK/USD−0.019%L +0.0004% / S −0.0005%1h$117K—150xas long as short
SoDEX LINK-USD−0.015%+0.0100%1h$4K$39K10xas long as short
SunX LINK-USDT−0.015%+0.0100%8h$33K$1.5M30xas long as short
Aevo LINK-PERP−0.012%+0.0096%1h$543K$3403xas long as short
Kalshi KXLINKPERP−0.012%0.0000%8h$467K$2.2M3.7xas long as short
KuCoin LINKUSDTM−0.008%+0.0100%8h$21.4M$16.1M75xas long as short
Orderly PERP_LINK_USDCshort−0.008%+0.0070%8h$145K$1.6M20x
Bybit LINKUSDT0.000%−0.0132%8h$82.4M$64.4M75xas long as short
Gate LINK_USDT0.000%+0.0100%8h$129.7M$12.2M75xas long as short
Bitget LINKUSDTlong0.000%+0.0094%8h$54.0M$29.3M75x
Kraken Futures PF_LINKUSD+0.005%−0.0167%1h$6.0M$6.3M50xas long as short
MEXC LINK_USDT+0.008%+0.0064%8h$33.4M$56.3M300xas long as short
OKX LINK-USDT-SWAP+0.015%−0.0011%8h$26.9M$81.3M50xas long as short
BingX LINK-USDT+0.015%+0.0094%8h—$21.5M—as long as short
Deribit LINK_USDC-PERPETUAL+0.017%+0.0145%1h$685K$106K50xas long as short
Aster LINKUSDT+0.032%+0.0100%8h$1.4M$2.4M50xas long as short
Binance LINKUSDT+0.046%+0.0064%8h$116.8M$287.6M75xas long as short
Phemex LINKUSDT+0.046%+0.0456%8h$20.1M$11.2M50xas long as short
Lighter LINK+0.071%+0.0096%1h$2.0M$2.3M10xas long as short
Backpack LINK_USDC_PERP+0.077%+0.0100%1h$352K$369K15xas long as short
Hyperliquid LINK+0.085%+0.0100%1h$75.4M$22.2M10xas long as short