LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h −0.024%

Price spread now: Deribit against ApeX Omni+0.240%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.240%, 7d avg −0.039%

Together, before fees−0.371%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.279% dearer against ApeX Omni than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.988	0.0100	pay 0.0013% / 1h	31m 23s	$133K	$674K	50x
Short	Deribit LINK_USDC-PERPETUAL	13.019	0.0311	get 0.0039% / 1h	31m 23s	$790K	$210K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now +0.240%Rate

Funding earned: $44.31
Price spread: +0.240% → −0.039%: $27.94
Slippage, 4 orders: −$23.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $31.64
Costs to cover: 0.406%
Break-even: 2.0 days

Slippage from ApeX Omni: live order book, 22 min ago; Deribit: live order book, 22 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 ApeX Omni live order book, 22 min ago	4.98 bp	12.7 bp −$13	57.0 bp −$570	doesn't fit	doesn't fit
Sell Deribit live order book, 22 min ago	3.07 bp	8.8 bp −$9	18.4 bp −$184	doesn't fit	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 −0.0089% / S +0.0166%	1h	13.007	+0.149%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.991	+0.026%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.007	+0.148%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.527%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.006	+0.139%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.992	+0.030%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.991	+0.023%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	−0.035%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.007	+0.150%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.008	+0.153%	$1.3M	$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	12.992	+0.033%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.010	+0.171%	$120.8M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.010	+0.169%	$84.1M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.012	+0.185%	$27.5M	$81.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+0.177%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.010	+0.169%	$128.9M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	+0.169%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.013	+0.192%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.009	+0.162%	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.012	+0.185%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.989	+0.008%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.091%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.063%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.983	−0.038%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.988	long leg	$133K	$674K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.015	+0.208%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.010	+0.169%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.003	+0.118%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.011	+0.177%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.997	+0.071%	$638K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.008	+0.152%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.015	+0.208%	$546K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.996	+0.062%	$925K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.986	−0.015%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.012	+0.188%	$6.7M	$8.1M	50x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0311%	1h	13.019	+0.240%	$790K	$210K	50x
Hyperliquid LINK	+0.0357%	1h	13.021	+0.254%	$81.4M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	13.005	+0.133%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0534%	8h	13.015	+0.208%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0620%	1h	12.984	−0.028%	$344K	$30K	10x	as long as short