data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

LINK

all LINK markets
SwapFunding view
Alert
My alerts

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−$26
spread now−0.002%7d average+0.045%fees + slippage, in and out−$21spread needed0.210%
Long on LighterShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter LINK13.1000.0008pay 0.0001% / 1h40m 00s$2.1M$2.7M10x
ShortBackpack LINK_USDC_PERP13.1000.0100get 0.0013% / 1h40m 00s$361K$275K15x

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
−$0.18
Funding while held
$2.76
Slippage, 4 orders
−$10.97
Fee Lighter: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$18.38
Spread needed to break even
0.210%
Slippage from Lighter: live order book, 4 min ago; Backpack: live order book, 20 min ago.

Cost of waiting

funding view
Funding /8h
+0.0092%
Per $10,000 a day
+$2.76
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 Lighter live order book, 4 min ago1.20 bp3.0 bp −$38.7 bp −$8774.4 bp −$7,444doesn't fit
Sell Backpack live order book, 20 min ago0.38 bp8.1 bp −$8252.9 bp −$2,529doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapest
HTX13.068+5.385%Variational Omni13.074+5.434%dYdX13.079+5.475%BloFin13.080+5.484%Extended13.082+5.497%Pacifica13.084+5.516%Bybit13.084+5.516%Derive13.087+5.540%MEXC13.088+5.548%Bitget13.088+5.548%Binance13.088+5.552%BingX13.089+5.556%edgeX13.089+5.557%OKX13.090+5.565%Paradex13.092+5.581%Nado13.094+5.597%Coinbase International13.094+5.597%Polymarket Perps13.095+5.605%Phoenix13.095+5.606%KuCoin13.096+5.613%Reya13.096+5.616%Aevo13.096+5.617%Gate13.098+5.629%SoDEX13.098+5.629%Kalshi13.099+5.640%
Backpack13.100+5.645%
Lighter13.100+5.647%
Aster13.100+5.649%GMX13.101+5.653%gTrade (Gains Network)13.101+5.656%Orderly13.102+5.661%ApeX Omni13.103+5.669%Deribit13.103+5.673%Hyperliquid13.104+5.677%Arcus13.104+5.677%SunX13.105+5.689%Kraken Futures13.109+5.719%Phemex13.117+5.782%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−5.345%+0.0033%1h$4K$141K12xas long as short
HTX LINK-USDT−0.248%+0.0100%8h$648K$1.2M75xas long as short
Variational Omni LINK−0.202%+0.0061%8h$3.2M$1.1M—as long as short
dYdX LINK-USD−0.163%0.0000%1h$347K$60K10xas long as short
BloFin LINK-USDT−0.154%+0.0212%8h$5.3M$7.4M75xas long as short
Extended LINK-USD−0.142%+0.0104%1h$671K$719K25xas long as short
Pacifica LINK−0.124%+0.0100%1h$273K$153K10xas long as short
Bybit LINKUSDT−0.124%+0.0075%8h$81.4M$57.7M75xas long as short
Derive LINK-PERP−0.101%+0.0100%1h$30K$6K10xas long as short
MEXC LINK_USDT−0.093%+0.0091%8h$35.4M$55.3M300xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget LINKUSDT−0.093%+0.0100%8h$54.2M$28.5M75xas long as short
Binance LINKUSDT−0.090%+0.0090%8h$118.7M$258.6M75xas long as short
BingX LINK-USDT−0.086%+0.0100%8h—$18.4M—as long as short
edgeX LINKUSDC−0.085%+0.0100%4h$43K$308K20xas long as short
OKX LINK-USDT-SWAP−0.078%+0.0100%8h$28.9M$80.8M50xas long as short
Paradex LINK-USD-PERP−0.063%+0.0050%8h$32K$2K20xas long as short
Nado LINK-PERP−0.048%+0.0100%1h$430K$334K10xas long as short
Coinbase International LINK-PERP-INTX−0.048%+0.0056%1h$998K$2.4M50xas long as short
Polymarket Perps LINK-USD−0.040%+0.0100%1h$77K$24K10xas long as short
Phoenix LINK−0.039%−0.0097%1h$4K$38K10xas long as short
KuCoin LINKUSDTM−0.032%+0.0100%8h$21.3M$17.8M75xas long as short
Reya LINKRUSDPERP−0.030%+0.0351%1h$5K$40020xas long as short
Aevo LINK-PERP−0.029%+0.0104%1h$551K$3403xas long as short
Gate LINK_USDT−0.017%+0.0029%8h$134.7M$11.8M75xas long as short
SoDEX LINK-USD−0.017%−0.0197%1h$8K$45K10xas long as short
Kalshi KXLINKPERP−0.006%0.0000%8h$559K$1.9M3.7xas long as short
Backpack LINK_USDC_PERPshort−0.002%+0.0100%1h$361K$275K15x
Lighter LINKlong0.000%+0.0008%1h$2.1M$2.7M10x
Aster LINKUSDT+0.002%+0.0100%8h$1.5M$1.8M50xas long as short
GMX LINK/USD [LINK-USDC]+0.005%L −0.0003% / S +0.0073%1h$1.9M—200xas long as short
gTrade (Gains Network) LINK/USD+0.009%L +0.0003% / S −0.0007%1h$103K—150xas long as short
Orderly PERP_LINK_USDC+0.014%+0.0099%8h$220K$1.5M20xas long as short
ApeX Omni LINKUSDT+0.021%+0.0100%1h$140K$642K50xas long as short
Deribit LINK_USDC-PERPETUAL+0.024%0.0000%1h$708K$68K50xas long as short
Hyperliquid LINK+0.029%+0.0100%1h$80.3M$20.7M10xas long as short
Arcus LINK-USD+0.029%+0.0100%1h$184K$195K10xas long as short
SunX LINK-USDT+0.039%+0.0100%8h$34K$1.4M30xas long as short
Kraken Futures PF_LINKUSD+0.068%+0.0112%1h$6.4M$5.9M50xas long as short
Phemex LINKUSDT+0.128%+0.0304%8h$20.6M$11.1M50xas long as short