Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Polymarket Perps−0.099%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: 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: Pacifica is 0.099% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 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	Polymarket Perps LINK-USD	13.052	0.0100	pay 0.0013% / 1h	26m 20s	$81K	$70K	10x
Short	Pacifica LINK	13.039	0.0100	get 0.0013% / 1h	26m 20s	$276K	$170K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → 0.000%: −$9.87
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$25.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Pacifica: live order book, 42 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 Pacifica live order book, 42 min ago	5.31 bp	11.5 bp −$12	doesn't fit	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	13.047	−0.041%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.031	−0.158%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.047	−0.041%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.995%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.611%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.046	−0.046%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.032	−0.153%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.037	−0.115%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.045	−0.056%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.041	−0.080%	$396K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.051	−0.011%	$1.3M	$3.0M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.039	−0.099%	$276K	$170K	10x
Binance LINKUSDT	+0.0100%	8h	13.050	−0.017%	$119.8M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.048	−0.031%	$84.2M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.050	−0.015%	$27.4M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.055	+0.023%	$183K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.043	−0.069%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.051	−0.008%	$33.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.049	−0.023%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.052	0.000%	$54.3M	$31.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.050	−0.015%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.044	−0.059%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.982	−0.538%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.667%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.992	−0.460%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.052	long leg	$81K	$70K	10x
Derive LINK-PERP	+0.0100%	1h	13.048	−0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.034	−0.135%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.022	−0.230%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.985	−0.516%	$640K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.041	−0.085%	$695K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.051	−0.008%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0109%	1h	13.032	−0.153%	$339K	$385K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0188%	1h	13.030	−0.168%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0278%	1h	13.028	−0.185%	$345K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.044	−0.061%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0429%	1h	13.067	+0.115%	$80.7M	$26.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.027	−0.194%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0605%	8h	13.034	−0.138%	$20.1M	$11.5M	50x	as long as short