data as of
Settings8H · net · $10k
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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.

After costs, if the gap returns to its 7d average, $10k−$46
spread now−0.004%7d average+0.001%fees + slippage, in and out−$46spread needed0.457%
Long on Kraken FuturesShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_LINKUSD12.871−0.0167get 0.0021% / 1h25m 57s$6.0M$6.3M50x
ShortCoinbase International LINK-PERP-INTX12.8710.0008get 0.0001% / 1h25m 57s$989K$2.6M50x

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
−$0.38
Funding while held
$5.26
Slippage, 4 orders
−$25.65
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$40.77
Spread needed to break even
0.457%
Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0175%
Per $10,000 a day
+$5.26
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 Kraken Futures live order book, 4 min ago1.94 bp11.9 bp −$1215.4 bp −$15444.5 bp −$4,454doesn't fit
Sell Coinbase International live order book, 4 min ago1.17 bp10.0 bp −$1014.1 bp −$141doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestBitget12.856+3.677%HTX12.857+3.682%Extended12.857+3.682%Bybit12.860+3.710%Variational Omni12.860+3.710%Reya12.861+3.715%MEXC12.861+3.718%BingX12.861+3.718%Gate12.862+3.726%OKX12.863+3.734%Binance12.864+3.742%Derive12.864+3.743%KuCoin12.865+3.750%Polymarket Perps12.866+3.758%SoDEX12.866+3.758%GMX12.868+3.772%Nado12.868+3.774%gTrade (Gains Network)12.870+3.787%edgeX12.870+3.787%Lighter12.870+3.793%Paradex12.871+3.795%Deribit12.871+3.798%
Coinbase International12.871+3.798%
Kraken Futures12.871+3.802%
Aevo12.872+3.803%Aster12.872+3.803%Pacifica12.872+3.806%Orderly12.873+3.815%Hyperliquid12.874+3.823%ApeX Omni12.874+3.823%Phoenix12.875+3.830%Backpack12.876+3.839%dYdX12.876+3.842%Kalshi12.881+3.880%Arcus12.882+3.887%BloFin12.882+3.887%Phemex12.886+3.919%SunX12.899+4.024%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−3.663%+0.0033%1h$4K$48K12xas long as short
Bitget LINKUSDT−0.120%+0.0092%8h$53.8M$29.4M75xas long as short
HTX LINK-USDT−0.116%+0.0100%8h$623K$921K75xas long as short
Extended LINK-USD−0.116%+0.0104%1h$631K$1.9M25xas long as short
Bybit LINKUSDT−0.089%−0.0154%8h$82.1M$64.2M75xas long as short
Variational Omni LINK−0.089%−0.0127%8h$3.2M$1.2M—as long as short
Reya LINKRUSDPERP−0.084%+0.0365%1h$4K$20020xas long as short
MEXC LINK_USDT−0.081%+0.0055%8h$33.0M$56.0M300xas long as short
BingX LINK-USDT−0.081%+0.0092%8h—$21.5M—as long as short
Gate LINK_USDT−0.074%+0.0100%8h$129.2M$12.2M75xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX LINK-USDT-SWAP−0.066%−0.0016%8h$26.7M$81.6M50xas long as short
Binance LINKUSDT−0.058%+0.0057%8h$116.4M$287.4M75xas long as short
Derive LINK-PERP−0.057%+0.0100%1h$24K$13K10xas long as short
KuCoin LINKUSDTM−0.050%+0.0100%8h$21.3M$16.2M75xas long as short
Polymarket Perps LINK-USD−0.043%+0.0100%1h$77K$56K10xas long as short
SoDEX LINK-USD−0.043%+0.0100%1h$4K$39K10xas long as short
GMX LINK/USD [LINK-USDC]−0.029%L −0.0091% / S +0.0165%1h$1.7M—200xas long as short
Nado LINK-PERP−0.027%+0.0100%1h$425K$280K10xas long as short
gTrade (Gains Network) LINK/USD−0.015%L +0.0003% / S −0.0002%1h$77K—150xas long as short
edgeX LINKUSDC−0.014%+0.0100%4h$43K$306K20xas long as short
Lighter LINK−0.009%+0.0096%1h$2.0M$2.3M10xas long as short
Paradex LINK-USD-PERP−0.007%+0.0092%8h$31K$2K20xas long as short
Deribit LINK_USDC-PERPETUAL−0.005%0.0000%1h$683K$106K50xas long as short
Coinbase International LINK-PERP-INTXshort−0.004%+0.0008%1h$989K$2.6M50x
Kraken Futures PF_LINKUSDlong0.000%−0.0167%1h$6.0M$6.3M50x
Aevo LINK-PERP0.000%+0.0096%1h$541K$3403xas long as short
Aster LINKUSDT+0.001%+0.0100%8h$1.4M$2.4M50xas long as short
Pacifica LINK+0.004%+0.0100%1h$270K$169K10xas long as short
Orderly PERP_LINK_USDC+0.012%+0.0070%8h$145K$1.7M20xas long as short
Hyperliquid LINK+0.020%+0.0100%1h$75.1M$22.2M10xas long as short
ApeX Omni LINKUSDT+0.020%+0.0100%1h$130K$651K50xas long as short
Phoenix LINK+0.027%−0.0012%1h$3K$68K10xas long as short
Backpack LINK_USDC_PERP+0.035%+0.0100%1h$350K$368K15xas long as short
dYdX LINK-USD+0.038%0.0000%1h$341K$60K10xas long as short
Kalshi KXLINKPERP+0.075%0.0000%8h$467K$2.2M3.7xas long as short
Arcus LINK-USD+0.082%+0.0100%1h$180K$126K10xas long as short
BloFin LINK-USDT+0.082%+0.0176%8h$5.2M$13.8M75xas long as short
Phemex LINKUSDT+0.113%+0.0440%8h$20.0M$11.2M50xas long as short
SunX LINK-USDT+0.214%+0.0100%8h$33K$1.5M30xas long as short