Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0454%/8h= +49.7% APRpaid last 24h +0.024%

Price spread now: Kraken Futures against Paradex+0.001%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 Kraken Futures

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.019	0.0100	pay 0.0100% / 8h	5h 29m	$31K	$2K	20x
Short	Kraken Futures PF_LINKUSD	13.019	0.0553	get 0.0069% / 1h	29m 34s	$6.8M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.001%Rate

Funding earned: $95.24
Price spread: +0.001% → 0.000%: $0.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $81.34
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	3.07 bp	13.0 bp −$13	19.0 bp −$190	53.1 bp −$5,314	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	13.023	+0.036%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.025	+0.050%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.021	+0.019%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.753%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.045	+0.202%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.013	−0.044%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.016	−0.025%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	−0.020%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.019	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	13.034	+0.113%	$396K	$315K	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	13.020	+0.010%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.017	−0.013%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.015	−0.029%	$120.0M	$295.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.015	−0.029%	$84.1M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.016	−0.021%	$27.4M	$82.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.033	+0.110%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.018	−0.006%	$128.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.018	−0.006%	$32.1M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.021	+0.017%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.018	−0.006%	$54.2M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.017	−0.013%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.023	+0.033%	$342K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	+0.078%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	−0.008%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.131%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.117%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.034	+0.117%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.014	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.042	+0.180%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.017	−0.013%	$14K	$57K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.015	−0.029%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.012	−0.053%	$649K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.018	−0.009%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0134%	1h	13.021	+0.018%	$773K	$183K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.027	+0.064%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0318%	1h	13.018	−0.006%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.026	+0.054%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0553%	1h	13.019	+0.001%	$6.8M	$8.1M	50x
Phemex LINKUSDT	+0.0595%	8h	13.035	+0.125%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0648%	1h	13.037	+0.140%	$81.8M	$27.1M	10x	as long as short