Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0161%/8h= +17.7% APRpaid last 24h +0.044%

Price spread now: Reya against BloFin−0.018%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	13.178	0.0220	pay 0.0220% / 8h	7h 27m	$5.3M	$16.0M	75x
Short	Reya LINKRUSDPERP	13.176	0.0381	get 0.0048% / 1h	27m 00s	$5K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −0.018%Rate

Funding earned: $33.88
Price spread: −0.018% → 0.000%: −$1.83
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $14.05
Costs to cover: 0.180%
Break-even: 4.1 days

Slippage unknown: BloFin: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.

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 BloFin live order book, 7 min ago	1.14 bp	7.1 bp −$7	7.7 bp −$77	21.3 bp −$2,133	57.9 bp −$29.0K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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 −0.0091% / S +0.0167%	1h	13.176	−0.018%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.178	−0.002%	$474K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.177	−0.011%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.904%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.174	−0.033%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	13.174	−0.030%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.173	−0.039%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.209	+0.233%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.171	−0.057%	$404K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.176	−0.015%	$1.4M	$3.0M	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	13.169	−0.065%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.172	−0.046%	$122.4M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.169	−0.068%	$84.7M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.169	−0.068%	$27.6M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.186	+0.061%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.172	−0.046%	$130.4M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.173	−0.038%	$37.2M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.179	+0.008%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.174	−0.030%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.172	−0.046%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.019%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	−0.125%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.174	−0.028%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.167	−0.083%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.182	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.174	−0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.188	+0.077%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	−0.038%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.157%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.171	−0.056%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.177	−0.007%	$553K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0107%	1h	13.182	+0.027%	$783K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.186	+0.061%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0187%	1h	13.182	+0.030%	$367K	$368K	15x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	13.178	long leg	$5.3M	$16.0M	75x
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.182	+0.034%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERPshort	+0.0381%	1h	13.176	−0.018%	$5K	—	20x
dYdX LINK-USD	+0.0465%	1h	13.167	−0.087%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0545%	8h	13.193	+0.114%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0579%	1h	13.189	+0.083%	$81.6M	$25.1M	10x	as long as short