data as of
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Price arb /

LINK

all LINK markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.324%
7d average+0.102%if it closes, per $10,000$32funding while held, a day−$7.59
Long on HTXShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX LINK-USDT12.8950.0100pay 0.0100% / 8h1h 49m$638K$1.2M75x
ShortGMX LINK/USD [LINK-USDC]12.936L −0.0081% / S +0.0153%pay 0.0019% / 1h49m 54s$1.7M—200x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$32.38
Funding while held
−$7.59
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$0.79
Spread needed to break even
0.240%
Slippage unknown: HTX: live order book, just now; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0253%
Per $10,000 a day
−$7.59
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, just now27.42 bp33.5 bp −$34119.0 bp −$1,190doesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestBloFin12.888+3.935%ApeX Omni12.890+3.952%edgeX12.894+3.985%
HTX12.895+3.988%
Variational Omni12.907+4.090%Phoenix12.911+4.119%Extended12.920+4.195%OKX12.923+4.218%Derive12.924+4.222%Bybit12.924+4.226%Bitget12.924+4.226%dYdX12.925+4.236%Lighter12.926+4.241%Kalshi12.926+4.241%Pacifica12.926+4.244%Paradex12.926+4.244%Reya12.929+4.265%Aster12.929+4.266%MEXC12.929+4.266%Nado12.930+4.278%BingX12.931+4.282%Gate12.932+4.290%SoDEX12.932+4.290%KuCoin12.933+4.298%Polymarket Perps12.934+4.306%Binance12.935+4.315%Orderly12.935+4.315%gTrade (Gains Network)12.936+4.324%
GMX12.936+4.325%
Aevo12.936+4.325%Kraken Futures12.937+4.333%Deribit12.938+4.342%Hyperliquid12.942+4.371%Arcus12.942+4.371%Backpack12.942+4.371%Coinbase International12.945+4.395%SunX12.946+4.400%Phemex12.950+4.435%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−3.835%+0.0033%1h$4K$106K12xas long as short
BloFin LINK-USDT−0.050%+0.0194%8h$5.2M$8.6M75xas long as short
ApeX Omni LINKUSDT−0.035%−0.0065%1h$138K$647K50xas long as short
edgeX LINKUSDC−0.003%+0.0100%4h$43K$311K20xas long as short
HTX LINK-USDTlong0.000%+0.0100%8h$638K$1.2M75x
Variational Omni LINK+0.099%+0.0035%8h$3.2M$1.1M—as long as short
Phoenix LINK+0.126%−0.0074%1h$4K$41K10xas long as short
Extended LINK-USD+0.199%+0.0104%1h$672K$1.8M25xas long as short
OKX LINK-USDT-SWAP+0.221%+0.0100%8h$27.5M$87.6M50xas long as short
Derive LINK-PERP+0.225%+0.0100%1h$29K$6K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit LINKUSDT+0.229%+0.0055%8h$80.1M$60.7M75xas long as short
Bitget LINKUSDT+0.229%+0.0100%8h$53.5M$30.2M75xas long as short
dYdX LINK-USD+0.239%0.0000%1h$342K$60K10xas long as short
Lighter LINK+0.243%+0.0096%1h$2.0M$2.9M10xas long as short
Kalshi KXLINKPERP+0.244%0.0000%8h$448K$2.1M3.7xas long as short
Pacifica LINK+0.246%+0.0100%1h$272K$157K10xas long as short
Paradex LINK-USD-PERP+0.247%+0.0039%8h$31K$2K20xas long as short
Reya LINKRUSDPERP+0.266%+0.0353%1h$4K$40020xas long as short
Aster LINKUSDT+0.268%+0.0100%8h$1.4M$2.0M50xas long as short
MEXC LINK_USDT+0.268%+0.0074%8h$32.1M$55.8M300xas long as short
Nado LINK-PERP+0.279%+0.0100%1h$426K$356K10xas long as short
BingX LINK-USDC+0.283%+0.0100%8h—$6.6M—as long as short
Gate LINK_USDT+0.291%+0.0032%8h$131.6M$12.3M75xas long as short
SoDEX LINK-USD+0.291%−0.0051%1h$8K$45K10xas long as short
KuCoin LINKUSDTM+0.299%+0.0100%8h$21.3M$17.9M75xas long as short
Polymarket Perps LINK-USD+0.306%+0.0063%1h$76K$25K10xas long as short
Binance LINKUSDT+0.314%+0.0073%8h$116.9M$276.2M75xas long as short
Orderly PERP_LINK_USDC+0.314%+0.0099%8h$217K$1.5M20xas long as short
gTrade (Gains Network) LINK/USD+0.323%L +0.0003% / S −0.0012%1h$151K—150xas long as short
GMX LINK/USD [LINK-USDC]short+0.324%L −0.0081% / S +0.0153%1h$1.7M—200x
Aevo LINK-PERP+0.324%+0.0104%1h$544K$3403xas long as short
Kraken Futures PF_LINKUSD+0.331%+0.0015%1h$6.3M$6.2M50xas long as short
Deribit LINK_USDC-PERPETUAL+0.340%0.0000%1h$702K$73K50xas long as short
Hyperliquid LINK+0.368%+0.0100%1h$78.3M$21.3M10xas long as short
Arcus LINK-USD+0.368%+0.0100%1h$182K$195K10xas long as short
Backpack LINK_USDC_PERP+0.368%+0.0100%1h$385K$357K15xas long as short
Coinbase International LINK-PERP-INTX+0.392%+0.0056%1h$957K$2.6M50xas long as short
SunX LINK-USDT+0.396%+0.0100%8h$33K$1.5M30xas long as short
Phemex LINKUSDT+0.430%+0.0317%8h$20.3M$11.2M50xas long as short