Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against SunX−0.168%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.168%, 7d avg −0.122%

Together, before fees+0.012%+$1 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: Bitget is 0.046% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.195	0.0100	pay 0.0100% / 8h	1h 38m	$34K	$1.6M	30x
Short	Bitget LINKUSDT	13.173	0.0100	get 0.0100% / 8h	1h 38m	$54.8M	$30.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → −0.122%: −$4.58
Slippage, 4 orders: −$33.02
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.61
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 5 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, 6 min ago	13.65 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.38 bp	7.8 bp −$8	12.7 bp −$127	25.1 bp −$2,506	doesn't fit

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 −0.0090% / S +0.0167%	1h	13.178	−0.127%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.172	−0.177%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.190	−0.040%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.129%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.180	−0.114%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.026%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.100%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.175	−0.153%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.177	−0.138%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.171	−0.181%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.181	−0.104%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.184	−0.085%	$77.8M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.175	−0.155%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.173	−0.168%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.181	−0.108%	$122.3M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.180	−0.115%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.184	−0.085%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	−0.024%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.172	−0.176%	$130.8M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.171	−0.183%	$36.6M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.174	−0.161%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	13.173	−0.168%	$54.8M	$30.3M	75x
BingX LINK-USDC	+0.0100%	8h	13.172	−0.176%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.074%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.200	+0.035%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	+0.023%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.206	+0.082%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.182	−0.100%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.173	−0.168%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.195	long leg	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.177	−0.138%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.175	−0.152%	$648K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.172	−0.174%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.178	−0.130%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	+0.052%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.186	−0.070%	$365K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	−0.092%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.180	−0.118%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0456%	8h	13.192	−0.024%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.185	−0.074%	$6.9M	$8.0M	50x	as long as short