Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Paradex against SoDEX−0.029%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Paradex

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.029% cheaper against SoDEX than usual: you would sell low and buy high, −$3 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	SoDEX LINK-USD	12.949	0.0100	pay 0.0013% / 1h	21m 02s	$10K	$61K	10x
Short	Paradex LINK-USD-PERP	12.945	0.0100	get 0.0100% / 8h	1h 21m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → 0.000%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Paradex: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

SoDEX and 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 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 −0.0087% / S +0.0165%	1h	12.951	+0.012%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0017%	8h	12.942	−0.054%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.955	+0.049%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.948	−0.008%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.240%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.931	−0.137%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.949	0.000%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.945	−0.029%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.940	−0.066%	$355K	$341K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.951	+0.013%	$1.3M	$2.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.949	−0.001%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.948	−0.009%	$119.5M	$301.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.943	−0.046%	$83.6M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	−0.039%	$27.1M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.960	+0.085%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.943	−0.046%	$124.6M	$15.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.008%	$34.7M	$58.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.949	0.000%	$22.8M	$12.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.947	−0.015%	$54.2M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.947	−0.015%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.909	−0.307%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.928	−0.165%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.924	−0.196%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.936	−0.100%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.948	−0.008%	$81K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.964	+0.113%	$34K	$1.4M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.949	long leg	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.926	−0.175%	$632K	$789K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.940	−0.066%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.950	+0.008%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.954	+0.039%	$937K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0136%	1h	12.957	+0.062%	$338K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.951	+0.014%	$6.7M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.950	+0.008%	$5.2M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0244%	1h	12.955	+0.048%	$810K	$266K	50x	as long as short
Hyperliquid LINK	+0.0315%	1h	12.957	+0.062%	$80.9M	$27.8M	10x	as long as short
Reya LINKRUSDPERP	+0.0398%	1h	12.942	−0.055%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.964	+0.116%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0696%	1h	12.949	+0.002%	$345K	$45K	10x	as long as short