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 +0.013%

Price spread now: Bitget against Bybit−0.008%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.008%, 7d avg 0.000%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	12.932	0.0100	pay 0.0100% / 8h	2h 19m	$83.5M	$73.4M	75x
Short	Bitget LINKUSDT	12.931	0.0100	get 0.0100% / 8h	2h 19m	$54.0M	$30.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.76
Slippage, 4 orders: −$11.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.5
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	0.39 bp	7.6 bp −$8	12.2 bp −$122	35.0 bp −$3,501	doesn't fit
Sell Bitget live order book, 4 min ago	0.39 bp	7.0 bp −$7	11.4 bp −$114	29.3 bp −$2,928	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	12.925	−0.051%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	−0.178%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.925	−0.057%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.114%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0039%	8h	12.918	−0.108%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.392%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.929	−0.020%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.931	−0.009%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.928	−0.027%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.934	+0.013%	$1.2M	$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	12.932	+0.001%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.933	+0.008%	$118.9M	$302.8M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	12.932	long leg	$83.5M	$73.4M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.934	+0.015%	$27.4M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.945	+0.101%	$181K	$154K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.926	−0.046%	$124.4M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.932	0.000%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.933	+0.008%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.931	−0.008%	$54.0M	$30.4M	75x
BingX LINK-USDC	+0.0100%	8h	12.930	−0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.346%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.282%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.634%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.642%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.938	+0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	−0.065%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.941	+0.073%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.927	−0.039%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.309%	$633K	$675K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.940	+0.062%	$337K	$390K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.927	−0.040%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	−0.084%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	−0.054%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.286%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.948	+0.124%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.929	−0.027%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0322%	1h	12.934	+0.012%	$798K	$244K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.932	0.000%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.940	+0.062%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0714%	1h	12.932	−0.003%	$344K	$33K	10x	as long as short