Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Binance against SunX−0.175%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.175%, 7d avg −0.099%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.076% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.943	0.0100	pay 0.0100% / 8h	2h 17m	$33K	$1.5M	30x
Short	Binance LINKUSDT	12.920	0.0100	get 0.0100% / 8h	2h 17m	$118.8M	$302.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → −0.099%: −$7.64
Slippage, 4 orders: −$31.1
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.74
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Binance: live order book, 12 min ago.

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 SunX live order book, 8 min ago	13.69 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.39 bp	5.8 bp −$6	12.6 bp −$126	33.1 bp −$3,311	93.8 bp −$46.9K

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 −0.0089% / S +0.0166%	1h	12.924	−0.146%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.932	−0.083%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.926	−0.131%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.192%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0036%	8h	12.918	−0.190%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.924	−0.141%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.926	−0.128%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.928	−0.117%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.921	−0.163%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.926	−0.128%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.928	−0.116%	$275K	$184K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	12.920	−0.175%	$118.8M	$302.7M	75x
Bybit LINKUSDT	+0.0100%	8h	12.917	−0.198%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.917	−0.198%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.944	+0.011%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.921	−0.167%	$124.3M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.926	−0.128%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.928	−0.113%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.915	−0.213%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.923	−0.151%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.428%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.364%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	−0.121%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.937	−0.043%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.932	−0.082%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	−0.145%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.943	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.926	−0.128%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.331%	$617K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.911	−0.247%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.927	−0.120%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0107%	1h	12.930	−0.097%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.947	+0.034%	$921K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0199%	1h	12.932	−0.083%	$801K	$246K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.925	−0.136%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.937	−0.043%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.928	−0.115%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.925	−0.139%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0564%	8h	12.938	−0.036%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0682%	1h	12.924	−0.146%	$344K	$33K	10x	as long as short