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)−0.069%
7d average—if it closes, per $10,000$7funding while held, a day+$0.52
Long on OrderlyShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_LINK_USDC12.9770.0083pay 0.0083% / 8h7h 24m$148K$1.7M20x
ShortPolymarket Perps LINK-USD12.9680.0100get 0.0013% / 1h24m 18s$78K$51K10x

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
−$6.94
Funding while held
$0.52
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$20.42
Spread needed to break even
0.140%
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0017%
Per $10,000 a day
+$0.52
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 Polymarket Perps no order-book sample—————
Orderly and Polymarket Perps: 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.
Injective12.400cheapestHTX12.957+4.494%Paradex12.966+4.562%Nado12.966+4.565%Pacifica12.967+4.576%Reya12.968+4.577%
Polymarket Perps12.968+4.581%
Gate12.969+4.589%MEXC12.970+4.597%Aster12.971+4.601%KuCoin12.973+4.621%Binance12.974+4.629%Backpack12.974+4.629%BloFin12.974+4.629%BingX12.975+4.637%dYdX12.976+4.644%Bybit12.977+4.653%
Orderly12.977+4.653%
Hyperliquid12.978+4.661%SunX12.981+4.683%OKX12.981+4.685%Bitget12.981+4.685%GMX12.982+4.692%Lighter12.982+4.693%SoDEX12.982+4.694%Derive12.983+4.698%Extended12.983+4.703%gTrade (Gains Network)12.983+4.706%Arcus12.984+4.710%Kalshi12.985+4.721%Coinbase International12.986+4.726%Aevo12.986+4.730%Variational Omni12.988+4.739%Deribit12.990+4.755%Kraken Futures12.991+4.768%Phemex12.992+4.774%Phoenix13.004+4.869%edgeX13.012+4.939%ApeX Omni13.014+4.952%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.446%+0.0033%1h$4K$75K12xas long as short
HTX LINK-USDT−0.152%−0.0039%8h$637K$1.0M75xas long as short
Paradex LINK-USD-PERP−0.087%+0.0045%8h$31K$2K20xas long as short
Nado LINK-PERP−0.085%+0.0100%1h$427K$362K10xas long as short
Pacifica LINK−0.074%+0.0100%1h$271K$166K10xas long as short
Reya LINKRUSDPERP−0.073%+0.0360%1h$4K$40020xas long as short
Polymarket Perps LINK-USDshort−0.069%+0.0100%1h$78K$51K10x
Gate LINK_USDT−0.062%+0.0045%8h$130.9M$12.0M75xas long as short
MEXC LINK_USDT−0.054%+0.0034%8h$33.3M$57.5M300xas long as short
Aster LINKUSDT−0.050%+0.0100%8h$1.4M$2.4M50xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin LINKUSDTM−0.031%+0.0100%8h$21.4M$17.2M75xas long as short
Binance LINKUSDT−0.023%+0.0033%8h$119.0M$289.6M75xas long as short
Backpack LINK_USDC_PERP−0.023%+0.0100%1h$363K$372K15xas long as short
BloFin LINK-USDT−0.023%+0.0140%8h$5.2M$13.0M75xas long as short
BingX LINK-USDT−0.015%+0.0100%8h—$20.7M—as long as short
dYdX LINK-USD−0.009%0.0000%1h$344K$60K10xas long as short
Bybit LINKUSDT0.000%+0.0018%8h$80.4M$59.9M75xas long as short
Orderly PERP_LINK_USDClong0.000%+0.0083%8h$148K$1.7M20x
Hyperliquid LINK+0.008%+0.0100%1h$76.6M$22.0M10xas long as short
SunX LINK-USDT+0.029%+0.0100%8h$33K$1.6M30xas long as short
OKX LINK-USDT-SWAP+0.031%−0.0003%8h$27.4M$91.0M50xas long as short
Bitget LINKUSDT+0.031%+0.0100%8h$54.0M$30.4M75xas long as short
GMX LINK/USD [LINK-USDC]+0.037%L −0.0089% / S +0.0161%1h$1.7M—200xas long as short
Lighter LINK+0.038%+0.0096%1h$1.9M$2.0M10xas long as short
SoDEX LINK-USD+0.039%−0.0092%1h$8K$38K10xas long as short
Derive LINK-PERP+0.043%+0.0100%1h$28K$10K10xas long as short
Extended LINK-USD+0.048%−0.0016%1h$677K$1.8M25xas long as short
gTrade (Gains Network) LINK/USD+0.050%L +0.0004% / S −0.0008%1h$190K—150xas long as short
Arcus LINK-USD+0.054%+0.0100%1h$183K$192K10xas long as short
Kalshi KXLINKPERP+0.065%0.0000%8h$460K$2.2M3.7xas long as short
Coinbase International LINK-PERP-INTX+0.069%+0.0072%1h$1.0M$2.7M50xas long as short
Aevo LINK-PERP+0.073%+0.0088%1h$546K$3403xas long as short
Variational Omni LINK+0.082%−0.0063%8h$3.2M$1.2M—as long as short
Deribit LINK_USDC-PERPETUAL+0.097%0.0000%1h$694K$85K50xas long as short
Kraken Futures PF_LINKUSD+0.109%−0.0386%1h$6.0M$6.8M50xas long as short
Phemex LINKUSDT+0.116%+0.0603%8h$20.2M$11.2M50xas long as short
Phoenix LINK+0.206%−0.0061%1h$3K$49K10xas long as short
edgeX LINKUSDC+0.273%+0.0100%4h$43K$309K20xas long as short
ApeX Omni LINKUSDT+0.285%+0.0100%1h$132K$655K50xas long as short