Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.007%

Price spread now: Arcus against Paradex+0.122%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.122% dearer against Paradex than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.203	0.0099	pay 0.0099% / 8h	7h 35m	$32K	$3K	20x
Short	Arcus LINK-USD	13.219	0.0100	get 0.0013% / 1h	35m 42s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0.11
Price spread: +0.122% → 0.000%: $12.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $3.78
Costs to cover: 0.085%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 37 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 37 min ago	11.44 bp	13.8 bp −$14	21.0 bp −$210	doesn't fit	doesn't fit

Paradex: 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 on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.219	+0.125%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.247	+0.333%	$476K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.220	+0.126%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.082%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.204	+0.010%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0047%	8h	13.218	+0.114%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.225	+0.167%	$785K	$206K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.204	+0.008%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0099%	8h	13.203	long leg	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.229	+0.201%	$405K	$308K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.213	+0.073%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.206	+0.026%	$277K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.202	−0.007%	$122.7M	$303.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.201	−0.015%	$85.1M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.200	−0.022%	$27.9M	$84.7M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.219	+0.122%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.213	+0.076%	$130.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.202	−0.007%	$36.8M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.210	+0.053%	$22.9M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.202	−0.007%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.199	−0.030%	—	$21.1M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.080%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	+0.008%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.182	−0.159%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.210	+0.053%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.226	+0.175%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.218	+0.116%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.235	+0.239%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.219	+0.122%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.210	+0.050%	$650K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.206	+0.023%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.220	+0.130%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.224	+0.160%	$1.0M	$2.7M	50x	as long as short
dYdX LINK-USD	+0.0193%	1h	13.205	+0.019%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.227	+0.182%	$370K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.217	+0.106%	$5.3M	$16.5M	75x	as long as short
Phemex LINKUSDT	+0.0342%	8h	13.234	+0.235%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.224	+0.159%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.216	+0.098%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0580%	1h	13.225	+0.167%	$81.5M	$24.7M	10x	as long as short