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.

After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.018%7d average−0.034%fees + slippage, in and out−$35spread needed0.352%
Long on Kraken FuturesShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_LINKUSD12.982−0.0326get 0.0041% / 1h58m 27s$6.0M$6.5M50x
ShortedgeX LINKUSDC12.9850.0100get 0.0050% / 4h2h 58m$43K$311K20x

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
$1.77
Funding while held
$12.78
Slippage, 4 orders
−$16.17
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$20.62
Spread needed to break even
0.352%
Slippage from Kraken Futures: live order book, 2 min ago; edgeX: live order book, 46 min ago.

Cost of waiting

funding view
Funding /8h
+0.0426%
Per $10,000 a day
+$12.78
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, 2 min ago0.38 bp9.2 bp −$914.7 bp −$14744.1 bp −$4,407doesn't fit
Sell edgeX live order book, 46 min ago2.30 bp6.8 bp −$710.5 bp −$105doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestNado12.965+4.556%HTX12.966+4.568%BloFin12.974+4.629%Orderly12.975+4.637%SoDEX12.975+4.637%Coinbase International12.976+4.645%Derive12.977+4.656%Aevo12.980+4.674%Variational Omni12.980+4.679%OKX12.982+4.694%Deribit12.982+4.694%
Kraken Futures12.982+4.696%
Bybit12.984+4.710%Bitget12.984+4.710%
edgeX12.985+4.715%
Backpack12.985+4.718%Reya12.987+4.730%SunX12.987+4.732%Polymarket Perps12.987+4.734%MEXC12.988+4.742%Gate12.990+4.758%Phemex12.990+4.758%BingX12.991+4.766%Kalshi12.991+4.769%Binance12.992+4.772%Extended12.992+4.772%KuCoin12.992+4.774%ApeX Omni12.992+4.774%Pacifica12.992+4.775%Lighter12.992+4.775%Paradex12.994+4.787%Hyperliquid12.996+4.806%GMX12.996+4.809%gTrade (Gains Network)12.997+4.815%dYdX13.000+4.836%Aster13.000+4.839%Arcus13.006+4.887%Phoenix13.018+4.985%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.486%+0.0033%1h$4K$48K12xas long as short
Nado LINK-PERP−0.134%+0.0100%1h$427K$342K10xas long as short
HTX LINK-USDT−0.123%−0.0028%8h$627K$1.0M75xas long as short
BloFin LINK-USDT−0.064%+0.0087%8h$5.2M$13.1M75xas long as short
Orderly PERP_LINK_USDC−0.057%+0.0072%8h$140K$1.7M20xas long as short
SoDEX LINK-USD−0.057%−0.0125%1h$8K$37K10xas long as short
Coinbase International LINK-PERP-INTX−0.049%+0.0072%1h$1.0M$2.6M50xas long as short
Derive LINK-PERP−0.039%+0.0100%1h$27K$10K10xas long as short
Aevo LINK-PERP−0.021%+0.0088%1h$546K$3403xas long as short
Variational Omni LINK−0.017%−0.0069%8h$3.2M$1.2M—as long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX LINK-USDT-SWAP−0.003%−0.0037%8h$27.2M$90.3M50xas long as short
Deribit LINK_USDC-PERPETUAL−0.003%0.0000%1h$694K$95K50xas long as short
Kraken Futures PF_LINKUSDlong0.000%−0.0326%1h$6.0M$6.5M50x
Bybit LINKUSDT+0.013%−0.0076%8h$80.5M$59.0M75xas long as short
Bitget LINKUSDT+0.013%+0.0095%8h$54.1M$29.6M75xas long as short
edgeX LINKUSDCshort+0.018%+0.0100%4h$43K$311K20x
Backpack LINK_USDC_PERP+0.020%+0.0100%1h$363K$363K15xas long as short
Reya LINKRUSDPERP+0.032%+0.0361%1h$4K$40020xas long as short
SunX LINK-USDT+0.034%+0.0100%8h$33K$1.5M30xas long as short
Polymarket Perps LINK-USD+0.036%+0.0100%1h$77K$54K10xas long as short
MEXC LINK_USDT+0.043%+0.0021%8h$33.6M$55.5M300xas long as short
Gate LINK_USDT+0.059%+0.0022%8h$131.1M$11.2M75xas long as short
Phemex LINKUSDT+0.059%+0.0287%8h$20.2M$11.3M50xas long as short
BingX LINK-USDC+0.067%+0.0100%8h—$6.6M—as long as short
Kalshi KXLINKPERP+0.070%0.0000%8h$460K$2.2M3.7xas long as short
Binance LINKUSDT+0.072%+0.0021%8h$118.7M$285.2M75xas long as short
Extended LINK-USD+0.072%−0.0128%1h$676K$1.8M25xas long as short
KuCoin LINKUSDTM+0.074%+0.0100%8h$21.4M$16.8M75xas long as short
ApeX Omni LINKUSDT+0.074%+0.0100%1h$131K$652K50xas long as short
Pacifica LINK+0.075%+0.0100%1h$272K$164K10xas long as short
Lighter LINK+0.075%−0.0008%1h$1.9M$2.0M10xas long as short
Paradex LINK-USD-PERP+0.087%+0.0047%8h$31K$2K20xas long as short
Hyperliquid LINK+0.105%+0.0100%1h$76.4M$22.1M10xas long as short
GMX LINK/USD [LINK-USDC]+0.107%L −0.0091% / S +0.0162%1h$1.7M—200xas long as short
gTrade (Gains Network) LINK/USD+0.113%L +0.0004% / S −0.0008%1h$195K—150xas long as short
dYdX LINK-USD+0.133%0.0000%1h$344K$60K10xas long as short
Aster LINKUSDT+0.136%+0.0100%8h$1.4M$2.4M50xas long as short
Arcus LINK-USD+0.182%+0.0100%1h$183K$185K10xas long as short
Phoenix LINK+0.275%−0.0061%1h$3K$45K10xas long as short