Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against edgeX+0.096%7-day average +0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.488%−$49 · spread now +0.096%, 7d avg +0.003%

Together, before fees−0.518%+ Points / potential airdropedgeX: Active · farm board−$52 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: BingX is 0.093% dearer against edgeX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.151	0.0100	pay 0.0050% / 4h	2h 21m	$44K	$307K	20x
Short	BingX LINK-USDT	13.164	0.0100	get 0.0100% / 8h	2h 21m	—	$21.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.003%: $9.28
Slippage, 4 orders: −$7.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.26
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; BingX: live order book, 2 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, 2 min ago	2.28 bp	6.8 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	1.14 bp	6.8 bp −$7	9.3 bp −$93	19.9 bp −$1,993	43.5 bp −$21.8K

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 −0.0092% / S +0.0166%	1h	13.163	+0.092%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.163	+0.086%	$474K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.171	+0.150%	$714K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	+0.108%	$133K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.159	+0.057%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0019%	1h	13.168	+0.128%	$349K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.713%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.161	+0.073%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0076%	8h	13.148	−0.025%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.172	+0.153%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.166	+0.108%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.165	+0.104%	$399K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.173	+0.165%	$77.9M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.169	+0.135%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.171	+0.147%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.164	+0.097%	$121.7M	$300.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.165	+0.104%	$84.7M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.167	+0.119%	$27.8M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.178	+0.203%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.164	+0.096%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	+0.066%	$37.3M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.171	+0.149%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.163	+0.089%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	13.164	+0.096%	—	$21.8M	—
edgeX LINKUSDClong	+0.0100%	4h	13.151	long leg	$44K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.048%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.155	+0.028%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.170	+0.142%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.165	+0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.183	+0.239%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.168	+0.127%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.135	−0.127%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.164	+0.099%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.169	+0.137%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.165	+0.104%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0118%	1h	13.165	+0.104%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	−0.018%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.156	+0.037%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.179	+0.210%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.177	+0.198%	$7.0M	$7.8M	50x	as long as short