Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni−0.005%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.005%, 7d avg −0.067%

Together, before fees−0.062%+ Points / potential airdropedgeX: Active · farm board−$6 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: edgeX is 0.062% dearer against ApeX Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.958	0.0100	pay 0.0013% / 1h	6m 16s	$133K	$673K	50x
Short	edgeX LINKUSDC	12.957	0.0100	get 0.0050% / 4h	2h 06m	$43K	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.067%: $6.2
Slippage, 4 orders: −$23.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$36.34
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; edgeX: live order book, 62 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, 62 min ago	6.07 bp	14.1 bp −$14	81.8 bp −$818	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	2.65 bp	7.2 bp −$7	10.5 bp −$105	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	12.993	+0.269%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.995	+0.284%	$468K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.993	+0.270%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.306%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.992	+0.264%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.996	+0.293%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.000	+0.324%	$951K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.998	+0.309%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.992	+0.262%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	+0.239%	$395K	$318K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.996	+0.294%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.995	+0.286%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.999	+0.314%	$119.5M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.993	+0.270%	$83.9M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.990	+0.247%	$27.4M	$82.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.378%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.994	+0.278%	$128.1M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.998	+0.309%	$33.1M	$59.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.002	+0.340%	$23.1M	$14.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.999	+0.316%	$54.0M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.998	+0.309%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.979	+0.164%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.957	−0.005%	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.959	+0.008%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.958	long leg	$133K	$673K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.001	+0.332%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.997	+0.302%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.010	+0.403%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.997	+0.301%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.971	+0.102%	$640K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.994	+0.277%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.000	+0.324%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0131%	1h	12.990	+0.247%	$338K	$379K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0227%	1h	13.003	+0.345%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.993	+0.269%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0440%	1h	12.992	+0.263%	$344K	$31K	10x	as long as short
Hyperliquid LINK	+0.0471%	1h	13.013	+0.425%	$81.0M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.001	+0.333%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0630%	8h	13.014	+0.432%	$20.1M	$11.5M	50x	as long as short