data as of
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Price arb /

LINK

all LINK markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$0.00
Long on Polymarket PerpsShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LINK-USD13.0360.0100pay 0.0013% / 1h59m 20s$76K$24K10x
ShortBackpack LINK_USDC_PERP13.0350.0100get 0.0013% / 1h59m 20s$388K$356K15x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$0.77
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$18.77
Spread needed to break even
0.180%
Slippage unknown: Polymarket Perps: no order-book sample; Backpack: live order book, 61 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps no order-book sample—————
Sell Backpack live order book, 61 min ago0.38 bp8.1 bp −$8252.9 bp −$2,529doesn't fitdoesn't fit
Polymarket Perps: 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 price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestParadex13.023+5.026%SoDEX13.024+5.032%Reya13.028+5.066%OKX13.029+5.073%dYdX13.030+5.084%Bybit13.032+5.097%Coinbase International13.032+5.097%Pacifica13.033+5.104%HTX13.034+5.117%
Backpack13.035+5.121%
Gate13.036+5.129%
Polymarket Perps13.036+5.129%
Nado13.036+5.133%MEXC13.038+5.145%ApeX Omni13.038+5.145%Binance13.039+5.154%Extended13.040+5.158%BingX13.040+5.161%Aster13.041+5.169%edgeX13.042+5.174%Variational Omni13.042+5.177%GMX13.042+5.177%BloFin13.043+5.185%KuCoin13.044+5.194%Bitget13.044+5.194%gTrade (Gains Network)13.044+5.194%Lighter13.045+5.203%Derive13.045+5.204%Phoenix13.046+5.213%Arcus13.047+5.218%Hyperliquid13.048+5.226%Aevo13.049+5.232%Orderly13.050+5.242%Kalshi13.051+5.248%Deribit13.052+5.258%SunX13.052+5.261%Kraken Futures13.053+5.269%Phemex13.055+5.282%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.879%+0.0033%1h$4K$106K12xas long as short
Paradex LINK-USD-PERP−0.098%+0.0046%8h$32K$2K20xas long as short
SoDEX LINK-USD−0.092%+0.0010%1h$8K$45K10xas long as short
Reya LINKRUSDPERP−0.060%+0.0352%1h$4K$40020xas long as short
OKX LINK-USDT-SWAP−0.054%+0.0100%8h$27.7M$86.8M50xas long as short
dYdX LINK-USD−0.043%+0.0007%1h$345K$60K10xas long as short
Bybit LINKUSDT−0.031%+0.0063%8h$80.8M$59.8M75xas long as short
Coinbase International LINK-PERP-INTX−0.031%+0.0056%1h$961K$2.6M50xas long as short
Pacifica LINK−0.023%+0.0100%1h$274K$157K10xas long as short
HTX LINK-USDT−0.012%+0.0100%8h$646K$1.2M75xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack LINK_USDC_PERPshort−0.008%+0.0100%1h$388K$356K15x
Gate LINK_USDT0.000%+0.0044%8h$132.5M$12.2M75xas long as short
Polymarket Perps LINK-USDlong0.000%+0.0100%1h$76K$24K10x
Nado LINK-PERP+0.004%−0.0009%1h$431K$350K10xas long as short
MEXC LINK_USDT+0.015%+0.0081%8h$34.1M$55.0M300xas long as short
ApeX Omni LINKUSDT+0.015%+0.0100%1h$139K$644K50xas long as short
Binance LINKUSDT+0.024%+0.0081%8h$117.9M$272.0M75xas long as short
Extended LINK-USD+0.027%+0.0104%1h$678K$1.8M25xas long as short
BingX LINK-USDC+0.031%+0.0100%8h—$6.6M—as long as short
Aster LINKUSDT+0.038%+0.0100%8h$1.4M$2.0M50xas long as short
edgeX LINKUSDC+0.043%+0.0100%4h$43K$312K20xas long as short
Variational Omni LINK+0.045%+0.0044%8h$3.2M$1.1M—as long as short
GMX LINK/USD [LINK-USDC]+0.045%L −0.0081% / S +0.0152%1h$1.7M—200xas long as short
BloFin LINK-USDT+0.054%+0.0195%8h$5.2M$8.7M75xas long as short
KuCoin LINKUSDTM+0.061%+0.0100%8h$21.7M$18.1M75xas long as short
Bitget LINKUSDT+0.061%+0.0100%8h$54.1M$29.9M75xas long as short
gTrade (Gains Network) LINK/USD+0.061%L +0.0003% / S −0.0012%1h$153K—150xas long as short
Lighter LINK+0.070%+0.0016%1h$2.0M$2.9M10xas long as short
Derive LINK-PERP+0.071%+0.0100%1h$30K$6K10xas long as short
Phoenix LINK+0.080%−0.0097%1h$4K$38K10xas long as short
Arcus LINK-USD+0.084%+0.0100%1h$184K$195K10xas long as short
Hyperliquid LINK+0.092%+0.0100%1h$79.6M$21.1M10xas long as short
Aevo LINK-PERP+0.098%+0.0104%1h$549K$3403xas long as short
Orderly PERP_LINK_USDC+0.107%+0.0099%8h$218K$1.5M20xas long as short
Kalshi KXLINKPERP+0.114%0.0000%8h$560K$2.0M3.7xas long as short
Deribit LINK_USDC-PERPETUAL+0.123%0.0000%1h$706K$71K50xas long as short
SunX LINK-USDT+0.126%+0.0100%8h$33K$1.5M30xas long as short
Kraken Futures PF_LINKUSD+0.133%+0.0015%1h$6.4M$6.1M50xas long as short
Phemex LINKUSDT+0.146%+0.0280%8h$20.5M$11.1M50xas long as short