Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: edgeX against Paradex−0.087%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 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 · edgeX: 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: edgeX is 0.087% cheaper against Paradex than usual: you would sell low and buy high, −$9 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	12.845	0.0100	pay 0.0100% / 8h	7h 27m	$31K	$2K	20x
Short	edgeX LINKUSDC	12.834	0.0100	get 0.0050% / 4h	3h 27m	$43K	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0.01
Price spread: −0.087% → 0.000%: −$8.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.68
Costs to cover: 0.130%
Break-even: 14692.1 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 6 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 edgeX live order book, 6 min ago	2.72 bp	7.2 bp −$7	10.6 bp −$106	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
Orderly PERP_LINK_USDC	−0.0119%	8h	12.840	−0.038%	$90K	$965K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.851	+0.044%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.854	+0.068%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.823	−0.171%	$105K	—	150x	as long as short
Bybit LINKUSDT	+0.0025%	8h	12.854	+0.071%	$83.2M	$72.7M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.464%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.847	+0.016%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.834	−0.087%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.847	+0.016%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.845	long leg	$31K	$2K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.849	+0.030%	$347K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.853	+0.063%	$80.2M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.862	+0.132%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.849	+0.029%	$273K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.855	+0.079%	$118.7M	$296.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.851	+0.047%	$27.0M	$79.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.860	+0.117%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.848	+0.024%	$133.2M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.852	+0.055%	$35.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.858	+0.102%	$22.8M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.849	+0.032%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.845	+0.001%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.853	+0.063%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.832	−0.098%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.834	−0.087%	$43K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.831	−0.110%	$575K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.841	−0.030%	$131K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.850	+0.040%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	−0.176%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.863	+0.137%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	+0.016%	$10K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.828	−0.131%	$627K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.844	−0.005%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.846	+0.008%	$539K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.852	+0.054%	$804K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.822	−0.178%	$922K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.844	−0.007%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.841	−0.027%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0529%	8h	12.862	+0.133%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1445%	1h	12.847	+0.020%	$345K	$49K	10x	as long as short