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: SunX against Bitget+0.139%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.139%, 7d avg +0.120%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	12.843	0.0100	pay 0.0100% / 8h	1h 34m	$53.7M	$30.5M	75x
Short	SunX LINK-USDT	12.861	0.0100	get 0.0100% / 8h	1h 34m	$33K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.120%: $1.9
Slippage, 4 orders: −$34.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.58
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 10 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	9.9 bp −$10	14.2 bp −$142	22.2 bp −$2,218	doesn't fit
Sell SunX live order book, 10 min ago	13.68 bp	19.2 bp −$19	doesn't fit	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	12.853	+0.076%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0004%	8h	12.840	−0.023%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.854	+0.086%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.847	+0.032%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.449%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	+0.242%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.849	+0.048%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.846	+0.021%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.848	+0.035%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.850	+0.058%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.852	+0.070%	$274K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.849	+0.047%	$118.5M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.847	+0.031%	$83.0M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.851	+0.062%	$26.9M	$80.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.866	+0.179%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.844	+0.008%	$123.8M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.850	+0.055%	$34.2M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.849	+0.047%	$22.7M	$12.9M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	12.843	long leg	$53.7M	$30.5M	75x
BingX LINK-USDT	+0.0100%	8h	12.848	+0.039%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.849	+0.049%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	+0.212%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.866	+0.180%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.873	+0.234%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.848	+0.039%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	+0.070%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.861	+0.139%	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.847	+0.031%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.820	−0.179%	$629K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.840	−0.020%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.848	+0.043%	$539K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0111%	1h	12.861	+0.140%	$335K	$388K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.848	+0.039%	$931K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0194%	1h	12.850	+0.058%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.856	+0.101%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0334%	1h	12.861	+0.140%	$80.2M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.843	−0.003%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0435%	1h	12.854	+0.086%	$804K	$266K	50x	as long as short
Phemex LINKUSDT	+0.0587%	8h	12.866	+0.179%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0942%	1h	12.851	+0.061%	$342K	$33K	10x	as long as short