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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.021%
7d average−0.016%if it closes, per $10,000$2funding while held, a day−$2.51
Long on OrderlyShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_LINK_USDC12.9470.0099pay 0.0099% / 8h1h 43m$222K$1.5M20x
ShortKraken Futures PF_LINKUSD12.9440.0015get 0.0002% / 1h43m 18s$6.3M$6.2M50x

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
−$2.13
Funding while held
−$2.51
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$20.64
Spread needed to break even
0.160%
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0084%
Per $10,000 a day
−$2.51
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 Orderly no order-book sample—————
Sell Kraken Futures live order book, 2 min ago2.32 bp12.6 bp −$1318.9 bp −$18953.1 bp −$5,307doesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.916+4.164%edgeX12.923+4.219%Kalshi12.930+4.273%Paradex12.931+4.280%ApeX Omni12.932+4.290%Extended12.933+4.296%Reya12.933+4.297%Nado12.934+4.310%Variational Omni12.935+4.315%SoDEX12.936+4.323%Bitget12.937+4.331%Lighter12.938+4.337%Phoenix12.938+4.339%BingX12.939+4.347%BloFin12.939+4.347%Derive12.940+4.353%Bybit12.941+4.363%OKX12.941+4.363%GMX12.942+4.372%gTrade (Gains Network)12.944+4.383%Binance12.944+4.387%MEXC12.944+4.387%
Kraken Futures12.944+4.389%
Aevo12.945+4.394%KuCoin12.946+4.403%Polymarket Perps12.946+4.403%Deribit12.946+4.406%Aster12.947+4.411%Gate12.947+4.411%
Orderly12.947+4.411%
dYdX12.947+4.412%Pacifica12.949+4.427%Hyperliquid12.950+4.435%Coinbase International12.950+4.435%SunX12.951+4.446%Arcus12.956+4.484%Phemex12.958+4.500%Backpack12.965+4.556%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.225%+0.0033%1h$4K$106K12xas long as short
HTX LINK-USDT−0.237%+0.0100%8h$641K$1.2M75xas long as short
edgeX LINKUSDC−0.184%+0.0100%4h$43K$312K20xas long as short
Kalshi KXLINKPERP−0.133%0.0000%8h$448K$2.2M3.7xas long as short
Paradex LINK-USD-PERP−0.126%+0.0043%8h$31K$2K20xas long as short
ApeX Omni LINKUSDT−0.116%+0.0100%1h$131K$653K50xas long as short
Extended LINK-USD−0.111%+0.0104%1h$673K$1.9M25xas long as short
Reya LINKRUSDPERP−0.109%+0.0353%1h$4K$40020xas long as short
Nado LINK-PERP−0.097%+0.0100%1h$423K$358K10xas long as short
Variational Omni LINK−0.092%+0.0037%8h$3.2M$1.1M—as long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX LINK-USD−0.085%+0.0064%1h$8K$45K10xas long as short
Bitget LINKUSDT−0.077%+0.0100%8h$53.6M$30.2M75xas long as short
Lighter LINK−0.071%+0.0096%1h$2.0M$2.9M10xas long as short
Phoenix LINK−0.070%−0.0074%1h$4K$41K10xas long as short
BingX LINK-USDC−0.062%+0.0100%8h—$6.6M—as long as short
BloFin LINK-USDT−0.062%+0.0196%8h$5.2M$8.7M75xas long as short
Derive LINK-PERP−0.056%+0.0100%1h$29K$6K10xas long as short
Bybit LINKUSDT−0.046%+0.0054%8h$80.2M$60.9M75xas long as short
OKX LINK-USDT-SWAP−0.046%+0.0100%8h$27.4M$88.1M50xas long as short
GMX LINK/USD [LINK-USDC]−0.038%L −0.0081% / S +0.0154%1h$1.7M—200xas long as short
gTrade (Gains Network) LINK/USD−0.027%L +0.0003% / S −0.0012%1h$152K—150xas long as short
Binance LINKUSDT−0.023%+0.0075%8h$117.5M$278.0M75xas long as short
MEXC LINK_USDT−0.023%+0.0075%8h$32.2M$55.9M300xas long as short
Kraken Futures PF_LINKUSDshort−0.021%+0.0015%1h$6.3M$6.2M50x
Aevo LINK-PERP−0.016%+0.0096%1h$545K$3403xas long as short
KuCoin LINKUSDTM−0.008%+0.0100%8h$21.3M$17.8M75xas long as short
Polymarket Perps LINK-USD−0.008%+0.0100%1h$74K$41K10xas long as short
Deribit LINK_USDC-PERPETUAL−0.005%0.0000%1h$702K$73K50xas long as short
Aster LINKUSDT−0.001%+0.0100%8h$1.4M$2.0M50xas long as short
Gate LINK_USDT0.000%+0.0014%8h$131.8M$12.4M75xas long as short
Orderly PERP_LINK_USDClong0.000%+0.0099%8h$222K$1.5M20x
dYdX LINK-USD+0.001%0.0000%1h$343K$60K10xas long as short
Pacifica LINK+0.015%+0.0100%1h$273K$162K10xas long as short
Hyperliquid LINK+0.023%+0.0100%1h$78.3M$21.4M10xas long as short
Coinbase International LINK-PERP-INTX+0.023%+0.0056%1h$955K$2.6M50xas long as short
SunX LINK-USDT+0.033%+0.0100%8h$33K$1.5M30xas long as short
Arcus LINK-USD+0.070%+0.0100%1h$182K$195K10xas long as short
Phemex LINKUSDT+0.085%+0.0343%8h$20.3M$11.2M50xas long as short
Backpack LINK_USDC_PERP+0.139%+0.0100%1h$386K$357K15xas long as short