Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against edgeX+0.031%68s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

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

costs, in and out, $10k−$420.418% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.031%, 7d avg +0.013%

Together, before fees−0.277%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.952	0.0100	pay 0.0050% / 4h	1h 50m	$43K	$307K	20x
Short	KuCoin LINKUSDTM	12.956	0.0100	get 0.0100% / 8h	5h 50m	$22.9M	$11.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.013%: $1.87
Slippage, 4 orders: −$20.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.94
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from edgeX: live order book, 60 min ago; KuCoin: 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, 60 min ago	2.33 bp	6.8 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.16 bp	13.4 bp −$13	20.7 bp −$207	doesn't fit	doesn't fit

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0199%	8h	12.936	−0.123%	$85K	$868K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.950	−0.016%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.953	+0.010%	$488K	$2.0M	3.7x	as long as short
Phoenix LINK	0.0000%	1h	12.949	−0.021%	$3K	$81K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.957	+0.043%	$115K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.262%	$4K	$48K	12x	as long as short
SoDEX LINK-USD	+0.0067%	1h	12.943	−0.069%	$11K	$61K	10x	as long as short
Variational Omni LINK	+0.0090%	8h	12.938	−0.106%	$3.4M	$1.8M	—	as long as short
HTX LINK-USDT	+0.0091%	8h	12.932	−0.157%	$607K	$674K	75x	as long as short
Lighter LINK	+0.0096%	1h	12.950	−0.011%	$1.9M	$2.3M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	12.948	−0.034%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.948	−0.031%	$348K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.963	+0.085%	$81.5M	$25.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.953	+0.011%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.952	+0.004%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.947	−0.042%	$120.1M	$267.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.943	−0.069%	$83.7M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	−0.061%	$27.3M	$73.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.965	+0.101%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.951	−0.007%	$133.9M	$17.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.947	−0.038%	$35.7M	$54.6M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.956	+0.031%	$22.9M	$11.8M	75x
Bitget LINKUSDT	+0.0100%	8h	12.946	−0.046%	$54.2M	$26.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.948	−0.031%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.957	+0.039%	$335K	$351K	15x	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.952	long leg	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.956	+0.028%	$587K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.960	+0.062%	$132K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.957	+0.039%	$83K	$64K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.965	+0.098%	$34K	$1.2M	30x	as long as short
Extended LINK-USD	+0.0104%	1h	12.938	−0.106%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.944	−0.059%	$543K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.946	−0.044%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	12.951	−0.007%	$973K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.947	−0.038%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0229%	1h	12.952	+0.002%	$891K	$359K	50x	as long as short
Reya LINKRUSDPERP	+0.0408%	1h	12.940	−0.093%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0435%	1h	12.950	−0.014%	$348K	$34K	10x	as long as short
Phemex LINKUSDT	+0.0452%	8h	12.959	+0.054%	$20.0M	$10.2M	50x	as long as short