Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against Paradex+0.034%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.034% dearer against Paradex than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.194	0.0100	pay 0.0100% / 8h	1h 05m	$32K	$3K	20x
Short	gTrade (Gains Network) LINK/USD	13.199	L +0.0004% / S −0.0006%	get 0.0001% / 1h	5m 25s	$134K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.034%Rate

Funding earned: −$19.64
Price spread: +0.034% → 0.000%: $3.43
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.21
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 9 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0090% / S +0.0167%	1h	13.199	+0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.197	+0.024%	$503K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.195	+0.003%	$723K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0006%	1h	13.199	+0.034%	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.019%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.192	−0.015%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.191	−0.024%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0050%	1h	13.187	−0.054%	$349K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.189	−0.042%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.194	long leg	$32K	$3K	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	13.197	+0.021%	$403K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.215	+0.158%	$78.1M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.198	+0.032%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.192	−0.018%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.200	+0.044%	$122.7M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.194	−0.001%	$85.2M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	+0.037%	$27.8M	$86.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.208	+0.105%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.188	−0.047%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.200	+0.044%	$36.4M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.198	+0.029%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.198	+0.029%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.198	+0.029%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.165	−0.223%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.115%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.189	−0.043%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.188	−0.047%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.201	+0.052%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.188	−0.045%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.211	+0.125%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.190	−0.032%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.169	−0.187%	$648K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.194	+0.002%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.194	+0.002%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.184	−0.077%	$992K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0215%	1h	13.198	+0.029%	$365K	$379K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	−0.032%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.198	+0.028%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.208	+0.105%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.199	+0.033%	$7.0M	$8.1M	50x	as long as short