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 +0.005%

Price spread now: OKX against Bybit+0.023%7-day average +0.012% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.023%, 7d avg +0.012%

Together, before fees+0.010%+$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	12.900	0.0100	pay 0.0100% / 8h	1h 55m	$83.3M	$73.5M	75x
Short	OKX LINK-USDT-SWAP	12.903	0.0100	get 0.0100% / 8h	1h 55m	$27.0M	$81.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.012%: $1.16
Slippage, 4 orders: −$4.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.46
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: 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	6.6 bp −$7	11.4 bp −$114	31.8 bp −$3,176	doesn't fit
Sell OKX live order book, 4 min ago	0.39 bp	6.3 bp −$6	15.8 bp −$158	25.3 bp −$2,526	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	12.902	+0.015%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.914	+0.108%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.904	+0.034%	$156K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0015%	8h	12.898	−0.016%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.876%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.916	+0.128%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.903	+0.026%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.907	+0.056%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.906	+0.050%	$348K	$337K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.906	+0.047%	$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	12.909	+0.072%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.906	+0.047%	$119.0M	$301.7M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	12.900	long leg	$83.3M	$73.5M	75x
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.903	+0.023%	$27.0M	$81.1M	50x
Arcus LINK-USD	+0.0100%	1h	12.923	+0.178%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.900	0.000%	$124.1M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.905	+0.039%	$33.1M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.907	+0.054%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.904	+0.031%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.903	+0.023%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.901	+0.010%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.938	+0.298%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.911	+0.084%	$586K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.924	+0.186%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.908	+0.062%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.901	+0.009%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.915	+0.117%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.903	+0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.893	−0.053%	$632K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.897	−0.022%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.904	+0.031%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.914	+0.109%	$933K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0150%	1h	12.916	+0.124%	$337K	$389K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.905	+0.041%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.905	+0.039%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0223%	1h	12.909	+0.073%	$805K	$254K	50x	as long as short
Hyperliquid LINK	+0.0280%	1h	12.920	+0.151%	$80.5M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.901	+0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.919	+0.147%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1145%	1h	12.908	+0.061%	$344K	$33K	10x	as long as short