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 0.000%

Price spread now: Bitget against KuCoin−0.031%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.031%, 7d avg −0.015%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	13.029	0.0100	pay 0.0100% / 8h	6h 01m	$23.1M	$13.8M	75x
Short	Bitget LINKUSDT	13.025	0.0100	get 0.0100% / 8h	6h 01m	$54.2M	$30.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.015%: −$1.58
Slippage, 4 orders: −$18.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.76
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 3 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 KuCoin live order book, 2 min ago	1.15 bp	12.7 bp −$13	20.8 bp −$208	58.4 bp −$5,843	doesn't fit
Sell Bitget live order book, 3 min ago	0.38 bp	7.8 bp −$8	13.9 bp −$139	30.8 bp −$3,077	doesn't fit

LINK on 39 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 −0.0090% / S +0.0167%	1h	13.037	+0.059%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.033	+0.030%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.025	−0.031%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.828%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	+0.009%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.036	+0.054%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.042	+0.100%	$954K	$2.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.027	−0.012%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	+0.009%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.023	−0.046%	$396K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.033	+0.028%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.028	−0.008%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.027	−0.015%	$119.8M	$298.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.021	−0.061%	$84.2M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.022	−0.054%	$27.5M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.041	+0.092%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.025	−0.031%	$128.5M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.026	−0.023%	$33.1M	$59.6M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	13.029	long leg	$23.1M	$13.8M	75x
Bitget LINKUSDTshort	+0.0100%	8h	13.025	−0.031%	$54.2M	$30.3M	75x
BingX LINK-USDT	+0.0100%	8h	13.027	−0.015%	—	$22.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.313%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.031	+0.018%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.051%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.037	+0.061%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.030	+0.008%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.036	+0.056%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.051	+0.166%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.039	+0.077%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.018	−0.083%	$642K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.021	−0.059%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.036	+0.056%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0145%	1h	13.046	+0.130%	$339K	$378K	15x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.022	−0.054%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0412%	1h	13.029	+0.003%	$345K	$30K	10x	as long as short
Hyperliquid LINK	+0.0487%	1h	13.043	+0.107%	$81.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.041	+0.094%	$6.8M	$8.0M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0525%	1h	13.041	+0.095%	$775K	$212K	50x	as long as short
Phemex LINKUSDT	+0.0621%	8h	13.055	+0.200%	$20.1M	$11.5M	50x	as long as short