Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: KuCoin against Extended+0.066%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.066%, 7d avg +0.053%

Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.889	0.0104	pay 0.0013% / 1h	8m 25s	$618K	$2.0M	25x
Short	KuCoin LINKUSDTM	12.897	0.0100	get 0.0100% / 8h	8m 25s	$22.9M	$12.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$0.84
Price spread: +0.066% → +0.053%: $1.26
Slippage, 4 orders: −$20.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.69
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	2.71 bp	5.9 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.78 bp	11.5 bp −$12	20.5 bp −$205	63.2 bp −$6,325	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
Orderly PERP_LINK_USDC	−0.0093%	8h	12.890	+0.012%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.895	+0.049%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.902	+0.105%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.896	+0.062%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.790%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.886	−0.022%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.898	+0.077%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.899	+0.085%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	+0.050%	$348K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.905	+0.128%	$80.5M	$27.9M	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	12.898	+0.074%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.900	+0.092%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.896	+0.058%	$119.1M	$298.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.890	+0.012%	$83.4M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.894	+0.043%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.914	+0.198%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.896	+0.058%	$134.0M	$18.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.895	+0.050%	$34.5M	$58.8M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.897	+0.066%	$22.9M	$12.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.893	+0.035%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.894	+0.043%	—	$23.3M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.906	+0.136%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.886	−0.020%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.894	+0.045%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.896	+0.059%	$578K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.899	+0.081%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.898	+0.074%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.894	+0.040%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.913	+0.190%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.898	+0.074%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.890	+0.015%	$630K	$766K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.900	+0.085%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.889	long leg	$618K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.897	+0.066%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.910	+0.167%	$933K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.898	+0.074%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0355%	1h	12.905	+0.132%	$807K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.890	+0.012%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0542%	1h	12.895	+0.050%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.913	+0.190%	$19.9M	$11.4M	50x	as long as short