Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Gate against Bybit+0.008%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.008%, 7d avg +0.014%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	12.998	0.0100	pay 0.0100% / 8h	7h 16m	$84.1M	$71.6M	75x
Short	Gate LINK_USDT	12.999	0.0100	get 0.0100% / 8h	7h 16m	$134.8M	$17.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.014%: −$0.67
Slippage, 4 orders: −$15.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.39 bp	7.1 bp −$7	12.5 bp −$125	31.8 bp −$3,185	doesn't fit
Sell Gate live order book, 3 min ago	1.16 bp	13.0 bp −$13	22.4 bp −$224	35.6 bp −$3,563	75.9 bp −$38.0K

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
Orderly PERP_LINK_USDC	−0.0125%	8h	12.996	−0.015%	$91K	$926K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.985	−0.104%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.987	−0.088%	$506K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.984	−0.108%	$106K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.601%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.007	+0.070%	$6.5M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.970	−0.212%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.002	+0.033%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.984	−0.111%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.998	−0.004%	$350K	$322K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.002	+0.031%	$81.2M	$27.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.004	+0.046%	$1.2M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.988	−0.073%	$276K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.999	+0.011%	$120.1M	$291.1M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	12.998	long leg	$84.1M	$71.6M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.001	+0.023%	$27.3M	$78.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.005	+0.054%	$182K	$96K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	12.999	+0.008%	$134.8M	$17.8M	75x
MEXC LINK_USDT	+0.0100%	8h	13.002	+0.031%	$35.5M	$59.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.000	+0.015%	$23.1M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.999	+0.008%	$54.4M	$29.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.000	+0.015%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.991	−0.054%	$336K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.965	−0.257%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.959	−0.298%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.959	−0.302%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.964	−0.262%	$133K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	−0.015%	$83K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	−1.352%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.005	+0.057%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.002	+0.031%	$11K	$57K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.140%	$634K	$676K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.998	−0.002%	$621K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.002	+0.028%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.995	−0.023%	$934K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.979	−0.146%	$5.3M	$16.0M	75x	as long as short
Phemex LINKUSDT	+0.0340%	8h	13.011	+0.100%	$20.1M	$11.4M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0350%	1h	13.009	+0.085%	$830K	$289K	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	12.973	−0.191%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.1080%	1h	12.994	−0.027%	$349K	$49K	10x	as long as short