Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%

Price spread now: edgeX against Extended+0.075%53s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as 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−$240.244% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now +0.075%, 7d avg +0.040%

Together, before fees+0.189%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$19 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: edgeX is 0.036% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 53 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	Extended LINK-USD	13.113	0.0104	pay 0.0013% / 1h	26m 25s	$675K	$1.8M	25x
Short	edgeX LINKUSDC	13.123	0.0100	get 0.0050% / 4h	1h 26m	$44K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$0.84
Price spread: +0.075% → +0.040%: $3.59
Slippage, 4 orders: −$10.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.64
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; edgeX: live order book, 57 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 Extended live order book, 2 min ago	1.52 bp	6.0 bp −$6	7.7 bp −$77	doesn't fit	doesn't fit
Sell edgeX live order book, 57 min ago	2.28 bp	6.8 bp −$7	10.1 bp −$101	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 −0.0090% / S +0.0167%	1h	13.119	+0.048%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.123	+0.078%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.111	−0.016%	$459K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.136	+0.180%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.123	+0.074%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.437%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.111	−0.015%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.118	+0.038%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.119	+0.043%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.111	−0.017%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.121	+0.065%	$401K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.135	+0.168%	$77.4M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.121	+0.064%	$1.5M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	+0.062%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.120	+0.054%	$121.7M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.120	+0.054%	$84.6M	$70.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	+0.046%	$27.6M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.132	+0.145%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.121	+0.061%	$130.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.122	+0.069%	$36.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.125	+0.092%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.120	+0.054%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.121	+0.061%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.116	+0.022%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.123	+0.075%	$44K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	+0.176%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	+0.153%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.123	+0.077%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.129	+0.126%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.147	+0.257%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.129	+0.122%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	−0.024%	$645K	$894K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.113	long leg	$675K	$1.8M	25x
Aevo LINK-PERP	+0.0104%	1h	13.136	+0.176%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.119	+0.046%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0184%	1h	13.132	+0.145%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.132	+0.145%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.119	+0.049%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.144	+0.237%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.140	+0.203%	$6.9M	$8.1M	50x	as long as short