Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h −0.019%

Price spread now: gTrade (Gains Network) against Gate−0.001%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−$3133.133% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.001%, 7d avg +0.016%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.127	0.0100	pay 0.0100% / 8h	1h 26m	$130.2M	$12.7M	75x
Short	gTrade (Gains Network) LINK/USD	13.127	L +0.0004% / S −0.0006%	get 0.0001% / 1h	26m 54s	$133K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Gate. 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 GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.001%Rate

Funding earned: −$19.65
Price spread: −0.001% → +0.016%: −$1.72
Slippage, 4 orders: −$288.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$334.62
Costs to cover: 3.133%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 52 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 Gate live order book, 2 min ago	1.90 bp	12.8 bp −$13	22.6 bp −$226	37.0 bp −$3,697	80.8 bp −$40.4K
Sell gTrade (Gains Network) virtual book (oracle venue), 52 min ago	130.05 bp	142.5 bp −$143	1049.3 bp −$10.5K	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	13.127	+0.002%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.117	−0.074%	$347K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.111	−0.123%	$459K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.136	+0.072%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0006%	1h	13.127	−0.001%	$133K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.538%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.111	−0.122%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.128	+0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.132	+0.035%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.118	−0.072%	$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	13.117	−0.072%	$401K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.136	+0.069%	$77.4M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.128	+0.008%	$1.5M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.120	−0.054%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.121	−0.046%	$121.7M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.125	−0.015%	$84.6M	$70.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.123	−0.030%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.061%	$184K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.127	long leg	$130.2M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.121	−0.046%	$36.4M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.125	−0.015%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.125	−0.015%	$54.8M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.125	−0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.116	−0.085%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.123	−0.032%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	+0.069%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	+0.046%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.129	+0.015%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.129	+0.018%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.147	+0.149%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.129	+0.015%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	−0.131%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.119	−0.063%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.136	+0.068%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.119	−0.061%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0184%	1h	13.132	+0.038%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.132	+0.038%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.126	−0.005%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.144	+0.130%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.140	+0.096%	$6.9M	$8.1M	50x	as long as short