Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Polymarket Perps+0.005%46s7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.993	0.0100	pay 0.0013% / 1h	54m 29s	$81K	$70K	10x
Short	HTX LINK-USDT	12.994	0.0100	get 0.0100% / 8h	5h 54m	$641K	$685K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; HTX: live order book, 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 9 min ago	23.83 bp	30.4 bp −$30	197.0 bp −$1,970	doesn't fit	doesn'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 on 39 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	12.985	−0.065%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.013	+0.155%	$468K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.985	−0.061%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.564%	$4K	$48K	12x	as long as short
ApeX Omni LINKUSDT	+0.0039%	1h	12.976	−0.131%	$133K	$672K	50x	as long as short
Phoenix LINK	+0.0049%	1h	13.039	+0.356%	$3K	$84K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.004	+0.085%	$952K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.981	−0.092%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.991	−0.015%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.990	−0.020%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.990	−0.023%	$395K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.995	+0.012%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.992	−0.007%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.987	−0.050%	$119.5M	$296.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.982	−0.085%	$84.0M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.984	−0.069%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.108%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.986	−0.054%	$128.1M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.987	−0.046%	$32.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.996	+0.023%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.986	−0.054%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.989	−0.031%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.003	+0.077%	$340K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	+0.318%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.981	−0.090%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.973	−0.153%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	12.993	long leg	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	12.986	−0.056%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.998	+0.036%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.991	−0.015%	$5K	$46K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	12.994	+0.005%	$641K	$685K	75x
Extended LINK-USD	+0.0104%	1h	12.981	−0.089%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.989	−0.027%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0197%	1h	12.992	−0.010%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.984	−0.070%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	12.994	+0.006%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	12.997	+0.027%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0597%	8h	13.004	+0.085%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0629%	1h	13.011	+0.139%	$81.4M	$26.4M	10x	as long as short