Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)−0.165%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

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

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.165%, 7d avg −0.031%

Together, before fees+0.117%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.134% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.031%). If the spread goes back, that is −$13 on $10k: about 4.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.190	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	7m 05s	$134K	—	150x
Short	edgeX LINKUSDC	13.168	0.0100	get 0.0050% / 4h	1h 07m	$44K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now −0.165%Rate

Funding earned: $20.18
Price spread: −0.165% → −0.031%: −$13.44
Slippage, 4 orders: −$278.27
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$290.53
Costs to cover: 2.973%
Break-even: 107.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 7 min ago; edgeX: live order book, 11 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 gTrade (Gains Network) virtual book (oracle venue), 7 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell edgeX live order book, 11 min ago	2.28 bp	6.9 bp −$7	10.4 bp −$104	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	13.189	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.192	+0.015%	$503K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.193	+0.026%	$723K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	13.190	long leg	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.989%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.190	+0.002%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.184	−0.045%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0049%	1h	13.176	−0.106%	$349K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.196	+0.045%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.172	−0.133%	$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	13.186	−0.027%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.210	+0.152%	$78.1M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.199	+0.068%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	−0.107%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.191	+0.008%	$122.6M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.189	−0.008%	$85.2M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.192	+0.015%	$27.8M	$86.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.193	+0.023%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.195	+0.038%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.195	+0.038%	$36.6M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.201	+0.083%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.191	+0.008%	$54.9M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.192	+0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.165	−0.192%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	13.168	−0.165%	$44K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.189	−0.011%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	−0.023%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.190	0.000%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.184	−0.048%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.203	+0.098%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.190	0.000%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.163	−0.202%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.184	−0.047%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.189	−0.005%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.184	−0.045%	$992K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0212%	1h	13.204	+0.106%	$365K	$379K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	0.000%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.185	−0.036%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.205	+0.114%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.201	+0.086%	$7.0M	$8.1M	50x	as long as short