Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica+0.031%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

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

costs, in and out, $10k−$490.485% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.031%, 7d avg −0.014%

Together, before fees−0.122%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.044% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.048	0.0100	pay 0.0013% / 1h	0m 30s	$277K	$172K	10x
Short	KuCoin LINKUSDTM	13.052	0.0100	get 0.0100% / 8h	7h 00m	$23.2M	$12.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.014%: $4.42
Slippage, 4 orders: −$28.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.08
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from Pacifica: live order book, 33 min ago; KuCoin: live order book, 8 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 Pacifica live order book, 33 min ago	5.06 bp	12.1 bp −$12	22.3 bp −$223	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.15 bp	14.3 bp −$14	23.6 bp −$236	doesn't fit	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
Orderly PERP_LINK_USDC	−0.0134%	8h	13.037	−0.084%	$91K	$910K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	13.056	+0.063%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.051	+0.025%	$500K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.046	−0.013%	$107K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.966%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	13.056	+0.058%	$6.5M	$8.3M	50x	as long as short
Phoenix LINK	+0.0087%	1h	13.062	+0.109%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.045	−0.021%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.041	−0.053%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.044	−0.031%	$351K	$312K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	13.056	+0.064%	$81.5M	$27.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.047	−0.005%	$1.3M	$2.4M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.048	long leg	$277K	$172K	10x
Binance LINKUSDT	+0.0100%	8h	13.044	−0.031%	$120.6M	$287.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.041	−0.054%	$84.5M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.041	−0.054%	$27.4M	$77.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.062	+0.107%	$182K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.047	−0.008%	$135.0M	$18.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.044	−0.031%	$36.0M	$60.6M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.052	+0.031%	$23.2M	$12.1M	75x
Bitget LINKUSDT	+0.0100%	8h	13.043	−0.038%	$54.6M	$28.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.044	−0.031%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.052	+0.031%	$339K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.038	−0.076%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.058	+0.076%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.055	+0.051%	$588K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.061	+0.100%	$134K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.052	+0.031%	$83K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.069	+0.158%	$34K	$1.3M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.053	+0.038%	$15K	$59K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.010	−0.289%	$624K	$679K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.040	−0.062%	$624K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.056	+0.057%	$547K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	13.058	+0.077%	$939K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.047	−0.008%	$5.3M	$16.1M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0263%	1h	13.062	+0.108%	$877K	$328K	50x	as long as short
Phemex LINKUSDT	+0.0333%	8h	13.065	+0.130%	$20.1M	$11.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0404%	1h	13.048	+0.001%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0820%	1h	13.047	−0.008%	$351K	$48K	10x	as long as short