Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0001%/8hnext payment −$0.01 per $10,000 · paid last 24h −0.007%

Price spread now: Paradex against HTX+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.102% dearer against HTX than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.026	0.0100	pay 0.0100% / 8h	3h 52m	$633K	$873K	75x
Short	Paradex LINK-USD-PERP	13.039	0.0099	get 0.0099% / 8h	3h 52m	$32K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$0.18
Price spread: +0.102% → 0.000%: $10.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.96
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 40 min ago; Paradex: no order-book sample. Net counts fees only.

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, 40 min ago	14.95 bp	29.8 bp −$30	79.2 bp −$792	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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 +0.0165%	1h	13.037	+0.086%	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0060%	8h	13.047	+0.163%	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0012%	1h	13.055	+0.229%	$9K	$79K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.049	+0.178%	$346K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.057	+0.240%	$474K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.037	+0.091%	$692K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.038	+0.094%	$156K	—	150x	as long as short
Kraken Futures PF_LINKUSD	+0.0026%	1h	13.047	+0.162%	$6.1M	$6.3M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.803%	$4K	$48K	12x	as long as short
Bybit LINKUSDT	+0.0045%	8h	13.043	+0.134%	$83.8M	$64.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LINK-USDT-SWAP	+0.0056%	8h	13.046	+0.157%	$27.2M	$81.6M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0056%	1h	13.059	+0.256%	$990K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.040	+0.111%	$151K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.046	+0.154%	$2.0M	$2.3M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0099%	8h	13.039	+0.102%	$32K	$2K	20x
HTX LINK-USDTlong	+0.0100%	8h	13.026	long leg	$633K	$873K	75x
Nado LINK-PERP	+0.0100%	1h	13.034	+0.068%	$392K	$290K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.058	+0.249%	$76.2M	$21.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.050	+0.185%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.042	+0.124%	$273K	$162K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.043	+0.134%	$119.9M	$290.6M	75x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.055	+0.226%	$197K	$153K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.047	+0.164%	$130.8M	$12.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.047	+0.164%	$35.1M	$54.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.049	+0.180%	$21.3M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.046	+0.157%	$54.2M	$29.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.044	+0.141%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.056	+0.233%	$357K	$363K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.045	+0.149%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	+0.193%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.055	+0.226%	$132K	$647K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.039	+0.103%	$78K	$58K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.031	+0.044%	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.052	+0.199%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.034	+0.064%	$5K	$40K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	13.045	+0.152%	$638K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.039	+0.105%	$549K	$340	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.040	+0.111%	$5.2M	$14.5M	75x	as long as short
Reya LINKRUSDPERP	+0.0369%	1h	13.034	+0.067%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0491%	8h	13.060	+0.264%	$20.2M	$11.3M	50x	as long as short