Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: KuCoin against Gate+0.023%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.023%, 7d avg 0.000%

Together, before fees−0.008%−$1 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: KuCoin is 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.120	0.0100	pay 0.0100% / 8h	24m 48s	$130.0M	$12.8M	75x
Short	KuCoin LINKUSDTM	13.123	0.0100	get 0.0100% / 8h	24m 48s	$22.7M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → 0.000%: $2.24
Slippage, 4 orders: −$22.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.66
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	1.90 bp	12.2 bp −$12	21.6 bp −$216	33.5 bp −$3,354	74.9 bp −$37.5K
Sell KuCoin live order book, 4 min ago	1.14 bp	11.1 bp −$11	21.9 bp −$219	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 −0.0091% / S +0.0167%	1h	13.121	+0.011%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.128	+0.059%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.129	+0.066%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.121	+0.011%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.244%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.488%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.121	+0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.124	+0.032%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.116	−0.030%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.120	+0.002%	$400K	$311K	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	13.125	+0.038%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.021%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.120	+0.001%	$121.9M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.117	−0.023%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.121	+0.008%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.114%	$184K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.120	long leg	$130.0M	$12.8M	75x
MEXC LINK_USDT	+0.0100%	8h	13.119	−0.008%	$36.4M	$57.8M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.123	+0.023%	$22.7M	$15.3M	75x
Bitget LINKUSDT	+0.0100%	8h	13.118	−0.015%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.118	−0.015%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+0.137%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	+0.152%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.181%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.213%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+0.015%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.122	+0.017%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.132	+0.095%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.125	+0.038%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	−0.080%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.116	−0.031%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	+0.051%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.128	+0.061%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.115	−0.038%	$5.2M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0229%	1h	13.134	+0.107%	$363K	$377K	15x	as long as short
Hyperliquid LINK	+0.0282%	1h	13.133	+0.103%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.118	−0.015%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.135	+0.118%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.139	+0.145%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0648%	1h	13.124	+0.034%	$348K	$48K	10x	as long as short