Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h 0.000%

Price spread now: Paradex against Coinbase International−0.105%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.105% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.192	0.0120	pay 0.0015% / 1h	14m 01s	$995K	$2.8M	50x
Short	Paradex LINK-USD-PERP	13.178	0.0100	get 0.0100% / 8h	1h 14m	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$4.21
Price spread: −0.105% → 0.000%: −$10.49
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.7
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; Paradex: 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 Coinbase International live order book, 5 min ago	2.66 bp	11.1 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0090% / S +0.0167%	1h	13.179	−0.096%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.196	+0.027%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.182	−0.076%	$720K	$125K	50x	as long as short
dYdX LINK-USD	+0.0003%	1h	13.183	−0.065%	$349K	$48K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.181	−0.080%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.004%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.167	−0.193%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.176	−0.121%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.175	−0.127%	$2.0M	$2.4M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.178	−0.105%	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.178	−0.102%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.188	−0.030%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.179	−0.101%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.022%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.168	−0.182%	$122.3M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.167	−0.190%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.168	−0.182%	$27.7M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	0.000%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.176	−0.121%	$130.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.173	−0.144%	$36.3M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.183	−0.068%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.165	−0.205%	$54.8M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.176	−0.121%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	−0.062%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.096%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.061%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	−0.038%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.182	−0.076%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.175	−0.127%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.194	+0.012%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.176	−0.121%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.159	−0.251%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.162	−0.225%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.180	−0.089%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0120%	1h	13.192	long leg	$995K	$2.8M	50x
Backpack LINK_USDC_PERP	+0.0212%	1h	13.183	−0.068%	$365K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	−0.068%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.178	−0.108%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.190	−0.015%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.184	−0.063%	$7.0M	$8.1M	50x	as long as short