Funding arb · Price arb /

LINK

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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: SunX against Gate+0.129%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.129%, 7d avg +0.107%

Together, before fees+0.098%+$10 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: SunX is 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.153	0.0100	pay 0.0100% / 8h	2h 22m	$130.7M	$12.7M	75x
Short	SunX LINK-USDT	13.170	0.0100	get 0.0100% / 8h	2h 22m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → +0.107%: $2.25
Slippage, 4 orders: −$39.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$59.8
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 3 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	15.1 bp −$15	24.1 bp −$241	35.7 bp −$3,568	77.0 bp −$38.5K
Sell SunX live order book, 3 min ago	13.64 bp	19.1 bp −$19	doesn't fit	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 −0.0092% / S +0.0166%	1h	13.159	+0.049%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.163	+0.073%	$474K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.161	+0.059%	$713K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.159	+0.049%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.152	−0.011%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0019%	1h	13.151	−0.014%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.725%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.151	−0.015%	$135K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0076%	8h	13.148	−0.038%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.159	+0.048%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.148	−0.037%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	+0.038%	$400K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.170	+0.129%	$77.9M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.159	+0.046%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.153	0.000%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.157	+0.033%	$121.7M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.155	+0.015%	$84.7M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.154	+0.008%	$27.8M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.168	+0.114%	$185K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.153	long leg	$130.7M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.154	+0.008%	$36.7M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.162	+0.068%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.153	0.000%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.154	+0.008%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.144	−0.065%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	−0.050%	$593K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.147	−0.046%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.162	+0.068%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.153	+0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	13.170	+0.129%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.156	+0.023%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.135	−0.140%	$646K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	+0.007%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.159	+0.047%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.153	0.000%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0118%	1h	13.165	+0.091%	$365K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	−0.030%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.158	+0.039%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0469%	8h	13.169	+0.122%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.166	+0.100%	$7.0M	$7.8M	50x	as long as short