Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against edgeX+0.069%7-day average +0.031% · 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−$294as in the Price arb table

costs, in and out, $10k−$2972.973% of the position

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.069%, 7d avg +0.031%

Together, before fees−0.035%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.038% dearer against edgeX than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.031%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.103	0.0100	pay 0.0050% / 4h	20m 53s	$43K	$308K	20x
Short	gTrade (Gains Network) LINK/USD	13.112	L +0.0004% / S −0.0007%	get 0.0001% / 1h	20m 53s	$132K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.069%Rate

Funding earned: −$19.63
Price spread: +0.069% → +0.031%: $3.75
Slippage, 4 orders: −$278.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$313.15
Costs to cover: 2.973%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; gTrade (Gains Network): virtual book (oracle venue), 53 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, 57 min ago	2.28 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 53 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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	13.115	+0.092%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.126	+0.172%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.112	+0.071%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.112	+0.069%	$132K	—	150x
Phoenix LINK	+0.0012%	1h	13.129	+0.202%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.365%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.107	+0.031%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.110	+0.054%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.112	+0.067%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.113	+0.077%	$400K	$310K	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	13.120	+0.129%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	+0.141%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.123	+0.153%	$121.9M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.121	+0.138%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	+0.122%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.132	+0.222%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.118	+0.115%	$130.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.120	+0.130%	$36.6M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.125	+0.168%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.119	+0.122%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.121	+0.138%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.115	+0.090%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.103	long leg	$43K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.117	+0.108%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.114	+0.084%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.145%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.106	+0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.132	+0.225%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.107	+0.031%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	+0.050%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.118	+0.111%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.111	+0.060%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.117	+0.107%	$992K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.107	+0.031%	$5.2M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0223%	1h	13.123	+0.153%	$362K	$375K	15x	as long as short
Hyperliquid LINK	+0.0284%	1h	13.129	+0.199%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.116	+0.099%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.115	+0.092%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0489%	8h	13.129	+0.199%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0586%	1h	13.122	+0.147%	$348K	$48K	10x	as long as short