Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against edgeX+0.154%54s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.480% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now +0.154%, 7d avg +0.082%

Together, before fees−0.210%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.072% dearer against edgeX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.082%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.174	0.0100	pay 0.0050% / 4h	3h 07m	$44K	$308K	20x
Short	Arcus LINK-USD	13.194	0.0100	get 0.0013% / 1h	7m 47s	$185K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.082%: $7.21
Slippage, 4 orders: −$34.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$40.78
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; Arcus: live order book, 65 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 edgeX live order book, 65 min ago	2.67 bp	7.2 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Arcus live order book, 65 min ago	11.44 bp	13.8 bp −$14	21.0 bp −$210	doesn't fit	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 −0.0091% / S +0.0167%	1h	13.182	+0.065%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.130%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.184	+0.080%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.873%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	+0.098%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.181	+0.055%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.186	+0.090%	$2.0M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	13.189	+0.113%	$783K	$212K	50x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.228	+0.410%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.170	−0.024%	$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	13.183	+0.068%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.179	+0.037%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.184	+0.078%	$122.4M	$298.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.180	+0.048%	$84.9M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.181	+0.055%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.194	+0.154%	$185K	$167K	10x
Gate LINK_USDT	+0.0100%	8h	13.178	+0.033%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.182	+0.063%	$36.6M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.183	+0.071%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.181	+0.055%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.183	+0.071%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.033%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.174	long leg	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.077%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	+0.048%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.185	+0.086%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.181	+0.054%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.195	+0.165%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.183	+0.071%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.043%	$649K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.175	+0.006%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.183	+0.068%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.178	+0.033%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0165%	1h	13.188	+0.108%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.028%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.194	+0.155%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.179	+0.041%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.176	+0.018%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0478%	8h	13.198	+0.184%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0550%	1h	13.202	+0.211%	$81.5M	$25.0M	10x	as long as short