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 +0.007%

Price spread now: Binance against Bybit+0.024%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.024%, 7d avg +0.020%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.182	0.0100	pay 0.0100% / 8h	7h 08m	$84.9M	$70.5M	75x
Short	Binance LINKUSDT	13.185	0.0100	get 0.0100% / 8h	7h 08m	$122.4M	$298.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.020%: $0.33
Slippage, 4 orders: −$5.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.4
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 5 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 Bybit live order book, 6 min ago	0.38 bp	7.9 bp −$8	12.6 bp −$126	36.9 bp −$3,693	doesn't fit
Sell Binance live order book, 5 min ago	0.38 bp	5.5 bp −$5	9.7 bp −$97	38.1 bp −$3,815	114.9 bp −$57.4K

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	13.182	+0.002%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.067%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.184	+0.017%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.932%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	+0.035%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.181	−0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.186	+0.027%	$2.0M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	13.189	+0.050%	$783K	$212K	50x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.228	+0.347%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.170	−0.087%	$404K	$307K	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	13.181	−0.011%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.179	−0.026%	$276K	$154K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.185	+0.024%	$122.4M	$298.0M	75x
Bybit LINKUSDTlong	+0.0100%	8h	13.182	long leg	$84.9M	$70.5M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.177	−0.038%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.194	+0.091%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.181	−0.008%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	−0.008%	$36.6M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	+0.023%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	−0.038%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.180	−0.015%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.096%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.174	−0.063%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.014%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.015%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.185	+0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.181	−0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.195	+0.102%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.008%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.105%	$649K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.179	−0.023%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.183	+0.005%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.178	−0.030%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0165%	1h	13.188	+0.046%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.091%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.194	+0.092%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.179	−0.022%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.176	−0.045%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0478%	8h	13.198	+0.121%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0550%	1h	13.195	+0.099%	$81.5M	$25.0M	10x	as long as short