Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against HTX+0.208%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.208%, 7d avg +0.057%

Together, before fees−0.241%−$24 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: Bitget is 0.151% dearer against HTX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.894	0.0100	pay 0.0100% / 8h	4h 50m	$631K	$703K	75x
Short	Bitget LINKUSDT	12.921	0.0100	get 0.0100% / 8h	4h 50m	$53.7M	$29.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.057%: $15.07
Slippage, 4 orders: −$55.3
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.23
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from HTX: live order book, 8 min ago; Bitget: 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 HTX live order book, 8 min ago	21.58 bp	27.7 bp −$28	71.6 bp −$716	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.39 bp	7.8 bp −$8	14.2 bp −$142	27.9 bp −$2,795	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	12.911	+0.131%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.917	+0.179%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.910	+0.119%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.833%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.908	+0.107%	$116K	$1.3M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0091%	1h	12.913	+0.143%	$771K	$189K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.899	+0.041%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.954	+0.464%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.947	+0.408%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.910	+0.119%	$31K	$2K	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	12.905	+0.086%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.920	+0.198%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.909	+0.118%	$272K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.902	+0.062%	$119.3M	$296.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.894	−0.002%	$83.2M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.896	+0.014%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.928	+0.262%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.918	+0.185%	$127.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.924	+0.231%	$32.3M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.922	+0.216%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.921	+0.208%	$53.7M	$29.5M	75x
BingX LINK-USDT	+0.0100%	8h	12.921	+0.208%	—	$22.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.920	+0.200%	$338K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.070%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.382%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.344%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.945	+0.394%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	+0.192%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.907	+0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.925	+0.240%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.909	+0.115%	$11K	$63K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.894	long leg	$631K	$703K	75x
Extended LINK-USD	+0.0104%	1h	12.921	+0.206%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.911	+0.128%	$541K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.917	+0.177%	$5.2M	$15.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.909	+0.119%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.912	+0.138%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0403%	1h	12.935	+0.316%	$81.1M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0621%	8h	12.926	+0.247%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0855%	1h	12.897	+0.021%	$342K	$30K	10x	as long as short