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−$28
spread now+0.023%7d average+0.013%fees + slippage, in and out−$29spread needed0.292%
Long on LighterShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter LINK13.0140.0040pay 0.0005% / 1h13m 35s$2.0M$2.0M10x
ShortGate LINK_USDT13.017−0.0008pay 0.0008% / 8h13m 35s$132.6M$12.6M75x

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
$2.31
Funding while held
−$1.44
Slippage, 4 orders
−$14.19
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$28.32
Spread needed to break even
0.292%
Slippage from Lighter: live order book, 5 min ago; Gate: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0048%
Per $10,000 a day
−$1.44
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, 5 min ago1.48 bp1.9 bp −$29.2 bp −$9277.5 bp −$7,751doesn't fit
Sell Gate live order book, 2 min ago1.15 bp12.4 bp −$1220.3 bp −$20332.8 bp −$3,27675.1 bp −$37.6K

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.980+4.674%Variational Omni12.993+4.785%edgeX12.999+4.829%BloFin13.000+4.839%Phoenix13.001+4.846%ApeX Omni13.001+4.847%Bybit13.008+4.903%OKX13.008+4.903%Reya13.010+4.918%Coinbase International13.010+4.919%Bitget13.011+4.927%Extended13.011+4.931%Nado13.011+4.931%Polymarket Perps13.012+4.935%
Lighter13.014+4.952%
BingX13.014+4.952%Binance13.014+4.952%Pacifica13.015+4.956%Paradex13.015+4.957%Derive13.015+4.957%MEXC13.015+4.960%KuCoin13.016+4.968%SoDEX13.016+4.968%
Gate13.017+4.976%
Aster13.017+4.978%dYdX13.019+4.994%Aevo13.020+5.000%Hyperliquid13.022+5.016%Orderly13.022+5.016%gTrade (Gains Network)13.024+5.028%Kraken Futures13.024+5.029%GMX13.024+5.032%Deribit13.025+5.041%Arcus13.029+5.073%Backpack13.029+5.073%Phemex13.029+5.073%Kalshi13.031+5.092%SunX13.032+5.098%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.718%+0.0033%1h$4K$106K12xas long as short
HTX LINK-USDT−0.264%+0.0100%8h$644K$1.1M75xas long as short
Variational Omni LINK−0.158%−0.0046%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC−0.117%+0.0100%4h$43K$314K20xas long as short
BloFin LINK-USDT−0.108%+0.0155%8h$5.2M$12.6M75xas long as short
Phoenix LINK−0.101%−0.0062%1h$3K$47K10xas long as short
ApeX Omni LINKUSDT−0.100%+0.0100%1h$132K$653K50xas long as short
Bybit LINKUSDT−0.046%−0.0018%8h$80.7M$60.8M75xas long as short
OKX LINK-USDT-SWAP−0.046%+0.0036%8h$27.5M$91.6M50xas long as short
Reya LINKRUSDPERP−0.032%+0.0357%1h$4K$40020xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International LINK-PERP-INTX−0.031%+0.0088%1h$998K$2.7M50xas long as short
Bitget LINKUSDT−0.023%+0.0100%8h$54.3M$30.2M75xas long as short
Extended LINK-USD−0.019%+0.0056%1h$677K$1.8M25xas long as short
Nado LINK-PERP−0.019%+0.0100%1h$430K$365K10xas long as short
Polymarket Perps LINK-USD−0.015%+0.0100%1h$74K$44K10xas long as short
Lighter LINKlong0.000%+0.0040%1h$2.0M$2.0M10x
BingX LINK-USDT0.000%+0.0100%8h—$19.7M—as long as short
Binance LINKUSDT+0.001%+0.0039%8h$118.9M$286.7M75xas long as short
Pacifica LINK+0.005%+0.0100%1h$272K$168K10xas long as short
Paradex LINK-USD-PERP+0.005%+0.0013%8h$32K$2K20xas long as short
Derive LINK-PERP+0.005%+0.0100%1h$28K$10K10xas long as short
MEXC LINK_USDT+0.008%+0.0038%8h$34.8M$58.1M300xas long as short
KuCoin LINKUSDTM+0.015%+0.0100%8h$21.3M$17.4M75xas long as short
SoDEX LINK-USD+0.015%−0.0088%1h$8K$42K10xas long as short
Gate LINK_USDTshort+0.023%−0.0008%8h$132.6M$12.6M75x
Aster LINKUSDT+0.025%+0.0100%8h$1.5M$2.2M50xas long as short
dYdX LINK-USD+0.040%0.0000%1h$345K$60K10xas long as short
Aevo LINK-PERP+0.046%+0.0088%1h$548K$3403xas long as short
Hyperliquid LINK+0.061%+0.0100%1h$78.9M$20.5M10xas long as short
Orderly PERP_LINK_USDC+0.061%+0.0098%8h$185K$1.6M20xas long as short
gTrade (Gains Network) LINK/USD+0.073%L +0.0004% / S −0.0007%1h$177K—150xas long as short
Kraken Futures PF_LINKUSD+0.073%−0.0173%1h$6.1M$6.7M50xas long as short
GMX LINK/USD [LINK-USDC]+0.077%L −0.0087% / S +0.0158%1h$1.7M—200xas long as short
Deribit LINK_USDC-PERPETUAL+0.085%0.0000%1h$700K$82K50xas long as short
Arcus LINK-USD+0.115%+0.0100%1h$183K$193K10xas long as short
Backpack LINK_USDC_PERP+0.115%+0.0100%1h$387K$369K15xas long as short
Phemex LINKUSDT+0.115%+0.0335%8h$20.3M$11.3M50xas long as short
Kalshi KXLINKPERP+0.134%0.0000%8h$460K$2.2M3.7xas long as short
SunX LINK-USDT+0.139%+0.0100%8h$33K$1.6M30xas long as short