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 −0.013%

Price spread now: Bybit against HTX+0.318%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.318%, 7d avg +0.055%

Together, before fees−0.377%−$38 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: Bybit is 0.263% dearer against HTX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.892	0.0100	pay 0.0100% / 8h	2h 20m	$633K	$675K	75x
Short	Bybit LINKUSDT	12.933	0.0100	get 0.0100% / 8h	2h 20m	$83.5M	$73.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.318%Rate

Funding earned: $0
Price spread: +0.318% → +0.055%: $26.31
Slippage, 4 orders: −$56.59
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.28
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from HTX: live order book, 29 min ago; Bybit: 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 HTX live order book, 29 min ago	17.45 bp	29.8 bp −$30	95.1 bp −$951	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.39 bp	10.2 bp −$10	18.2 bp −$182	40.0 bp −$4,001	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 −0.0089% / S +0.0166%	1h	12.925	+0.259%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	+0.132%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.925	+0.253%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.816%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0039%	8h	12.918	+0.202%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.083%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.927	+0.272%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.922	+0.231%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.912	+0.159%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.935	+0.330%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.920	+0.220%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.935	+0.330%	$118.9M	$302.9M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.933	+0.318%	$83.5M	$73.4M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.932	+0.310%	$27.4M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.937	+0.349%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.922	+0.233%	$124.3M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.930	+0.295%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.930	+0.295%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.927	+0.271%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.932	+0.310%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.037%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.370%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.326%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.334%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	+0.279%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	+0.245%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.941	+0.384%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.927	+0.271%	$10K	$62K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.892	long leg	$633K	$675K	75x
Backpack LINK_USDC_PERP	+0.0103%	1h	12.940	+0.372%	$337K	$390K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.921	+0.228%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	+0.226%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	+0.256%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	+0.023%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0237%	1h	12.941	+0.380%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.929	+0.283%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0322%	1h	12.934	+0.322%	$798K	$244K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.920	+0.221%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.940	+0.372%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0732%	1h	12.918	+0.200%	$344K	$33K	10x	as long as short