Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0096%/8hpaid last 24h +0.019%

Price spread now: Gate against gTrade (Gains Network)−0.040%7-day average −0.016% · 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−$315as in the Price arb table

costs, in and out, $10k−$3133.130% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.040%, 7d avg −0.016%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.024% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.016%). If the spread goes back, that is −$2 on $10k: about 20 hours 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	13.015	L +0.0004% / S −0.0005%	pay 0.0000% / 1h	7m 14s	$118K	—	150x
Short	Gate LINK_USDT	13.010	0.0100	get 0.0100% / 8h	4h 07m	$130.2M	$12.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: $20.2
Price spread: −0.040% → −0.016%: −$2.39
Slippage, 4 orders: −$288.01
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$295.2
Costs to cover: 3.130%
Break-even: 109.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 26 min ago; Gate: live order book, 1 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), 26 min ago	130.03 bp	141.1 bp −$141	963.4 bp −$9,634	10292.4 bp −$1.03M	doesn't fit
Sell Gate live order book, 1 min ago	0.38 bp	14.4 bp −$14	18.3 bp −$183	35.2 bp −$3,517	79.9 bp −$39.9K

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 +0.0165%	1h	13.015	−0.004%	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0077%	8h	13.000	−0.113%	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0019%	1h	13.003	−0.095%	$9K	$78K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.006	−0.070%	$344K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.024	+0.067%	$473K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.016	+0.008%	$691K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0005%	1h	13.015	long leg	$118K	—	150x
Coinbase International LINK-PERP-INTX	+0.0008%	1h	13.016	+0.006%	$990K	$2.7M	50x	as long as short
Bybit LINKUSDT	+0.0012%	8h	13.008	−0.055%	$83.5M	$65.0M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0018%	1h	13.015	−0.005%	$6.1M	$6.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.727%	$4K	$48K	12x	as long as short
OKX LINK-USDT-SWAP	+0.0035%	8h	13.009	−0.048%	$27.0M	$81.3M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.015	−0.002%	$150K	$1.6M	20x	as long as short
HTX LINK-USDT	+0.0092%	8h	12.992	−0.177%	$631K	$887K	75x	as long as short
Lighter LINK	+0.0096%	1h	13.013	−0.013%	$2.0M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.005	−0.078%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.005	−0.078%	$391K	$291K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.020	+0.037%	$76.0M	$21.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.013	−0.020%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.003	−0.093%	$272K	$162K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.009	−0.049%	$119.2M	$290.0M	75x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.022	+0.052%	$196K	$153K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	13.010	−0.040%	$130.2M	$12.2M	75x
MEXC LINK_USDT	+0.0100%	8h	13.009	−0.048%	$34.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.011	−0.032%	$21.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.009	−0.048%	$54.0M	$29.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.009	−0.048%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.020	+0.037%	$354K	$361K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.011	−0.032%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.003	−0.092%	$587K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.014	−0.009%	$132K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.012	−0.025%	$78K	$58K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	−0.050%	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.020	+0.038%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.008	−0.055%	$5K	$39K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	13.009	−0.051%	$635K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.014	−0.009%	$547K	$340	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.040%	$5.2M	$13.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0369%	1h	13.009	−0.044%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.029	+0.106%	$20.2M	$11.3M	50x	as long as short