Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.026%

Price spread now: Kraken Futures against SunX−0.091%7-day average −0.084% · you buy dearer than you sell

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

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.091%, 7d avg −0.084%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.861	0.0100	pay 0.0100% / 8h	19m 32s	$33K	$1.4M	30x
Short	Kraken Futures PF_LINKUSD	12.849	0.0103	get 0.0013% / 1h	19m 32s	$6.4M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0.54
Price spread: −0.091% → −0.084%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.2
Costs to cover: 0.180%
Break-even: 244.9 days

Slippage unknown: SunX: live order book, 5 min ago; Kraken Futures: live order book, 4 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 SunX live order book, 5 min ago	500.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.12 bp	11.7 bp −$12	14.1 bp −$141	39.5 bp −$3,948	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 −0.0087% / S +0.0165%	1h	12.845	−0.127%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0084%	8h	12.834	−0.211%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.848	−0.103%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.866	+0.037%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.585%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.842	−0.145%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.849	−0.095%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.858	−0.028%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.861	−0.005%	$346K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.877	+0.124%	$80.4M	$28.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.866	+0.035%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.851	−0.079%	$273K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.868	+0.053%	$119.0M	$299.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.859	−0.016%	$83.2M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.866	+0.038%	$27.0M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.877	+0.124%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.850	−0.086%	$132.2M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.868	+0.054%	$34.6M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.865	+0.030%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.863	+0.015%	$53.7M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.863	+0.015%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.854	−0.055%	$334K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.823	−0.294%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.838	−0.179%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.830	−0.241%	$575K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.845	−0.125%	$131K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.870	+0.069%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	−0.217%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.861	long leg	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.846	−0.117%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.821	−0.313%	$626K	$776K	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0103%	1h	12.849	−0.091%	$6.4M	$8.4M	50x
Extended LINK-USD	+0.0104%	1h	12.853	−0.062%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.846	−0.117%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.832	−0.226%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.838	−0.180%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0272%	1h	12.852	−0.074%	$804K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.863	+0.015%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0549%	8h	12.860	−0.009%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0657%	1h	12.851	−0.076%	$342K	$45K	10x	as long as short