Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against ApeX Omni+0.008%7-day average −0.056% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.008%, 7d avg −0.056%

Together, before fees−0.225%+ Points / potential airdropGRVT: Active · farm board−$23 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: GRVT is 0.064% 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 −0.056%.

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	7m 24s	$133K	$673K	50x
Short	GRVT LINK_USDT_Perp	12.959	0.0100	get 0.0100% / 8h	6h 07m	$584K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.056%: $6.39
Slippage, 4 orders: −$25.69
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38.3
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; GRVT: live order book, 1 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, 61 min ago	6.07 bp	14.1 bp −$14	81.8 bp −$818	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	2.70 bp	7.9 bp −$8	18.8 bp −$188	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	12.975	+0.131%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.990	+0.246%	$468K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.976	+0.139%	$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	12.984	+0.201%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.978	+0.154%	$950K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.980	+0.167%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.974	+0.126%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.966	+0.066%	$394K	$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	12.983	+0.195%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.981	+0.174%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.971	+0.104%	$119.3M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.964	+0.046%	$83.8M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.967	+0.069%	$27.3M	$82.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.990	+0.247%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.979	+0.162%	$128.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.976	+0.139%	$33.1M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.981	+0.177%	$23.0M	$14.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.971	+0.100%	$53.9M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.977	+0.147%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.979	+0.164%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.957	−0.005%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perpshort	+0.0100%	8h	12.959	+0.008%	$584K	$2.7M	10x
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.958	long leg	$133K	$673K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	+0.170%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.984	+0.199%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.997	+0.300%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.985	+0.208%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.962	+0.033%	$639K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	+0.082%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.988	+0.228%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0128%	1h	12.990	+0.247%	$338K	$380K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0220%	1h	12.990	+0.250%	$771K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.972	+0.111%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0448%	1h	12.983	+0.191%	$344K	$31K	10x	as long as short
Hyperliquid LINK	+0.0466%	1h	12.986	+0.216%	$80.8M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.984	+0.204%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0633%	8h	12.998	+0.309%	$20.1M	$11.5M	50x	as long as short