Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against edgeX−6.013%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.949%+$95 on $10k

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 6.013% cheaper against edgeX than usual: you would sell low and buy high (−$601 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.949%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.193	0.0100	pay 0.0050% / 4h	3h 06m	$44K	$309K	20x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	6m 25s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.013%Rate

Funding earned: −$14
Price spread: −6.013% → 0.000%: −$601.3
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$624.32
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 2 min ago; Injective: 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 edgeX live order book, 2 min ago	2.65 bp	7.2 bp −$7	10.8 bp −$108	209.7 bp −$21.0K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0091% / S +0.0167%	1h	13.149	−0.333%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	−0.084%	$464K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.151	−0.321%	$133K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−6.013%	$4K	$48K	12x
Phoenix LINK	+0.0036%	1h	13.189	−0.033%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0069%	1h	13.181	−0.092%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.148	−0.343%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.158	−0.269%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.220	+0.206%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	−0.279%	$403K	$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	13.157	−0.275%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.161	−0.243%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.149	−0.336%	$122.0M	$297.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.148	−0.343%	$84.7M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.149	−0.336%	$27.5M	$83.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.169	−0.184%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	−0.336%	$130.2M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.150	−0.328%	$36.4M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.153	−0.306%	$23.0M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.150	−0.328%	$54.5M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.152	−0.313%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.182%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.193	long leg	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.071%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.199	+0.043%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.151	−0.321%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.174	−0.149%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	−0.030%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	−0.154%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.196%	$649K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.145	−0.368%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.152	−0.316%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.183	−0.078%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0162%	1h	13.180	−0.101%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.169	−0.184%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	−0.092%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.145	−0.365%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0430%	1h	13.158	−0.270%	$348K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0486%	8h	13.190	−0.025%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0546%	1h	13.165	−0.215%	$81.3M	$25.0M	10x	as long as short