LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0399%/8h= +43.7% APRnext payment +$0.50 per $10,000 · paid last 24h +0.012%

Price spread now: Kraken Futures against ApeX Omni+0.481%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.467%−$47 · spread now +0.481%, 7d avg −0.028%

Together, before fees−0.488%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.509% dearer against ApeX Omni than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of −0.028%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.992	0.0100	pay 0.0013% / 1h	25m 04s	$133K	$677K	50x
Short	Kraken Futures PF_LINKUSD	13.055	0.0499	get 0.0062% / 1h	25m 04s	$6.8M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.481%Rate

Funding earned: $83.88
Price spread: +0.481% → −0.028%: $50.95
Slippage, 4 orders: −$31.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $82.9
Costs to cover: 0.519%
Break-even: 0.1 days

Slippage from ApeX Omni: live order book, 43 min ago; Kraken Futures: live order book, 4 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, 43 min ago	6.07 bp	14.1 bp −$14	81.8 bp −$818	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.23 bp	11.5 bp −$12	14.7 bp −$147	54.6 bp −$5,461	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	13.049	+0.440%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.052	+0.461%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.050	+0.444%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.557%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	+0.246%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.044	+0.400%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.041	+0.377%	$956K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.048	+0.429%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.044	+0.403%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.050	+0.450%	$397K	$322K	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	13.051	+0.456%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.041	+0.374%	$276K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.048	+0.429%	$119.8M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.044	+0.400%	$84.2M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.044	+0.400%	$27.5M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.056	+0.493%	$183K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.045	+0.408%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.045	+0.408%	$33.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.051	+0.454%	$22.6M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.048	+0.431%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.047	+0.423%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.044	+0.403%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.024	+0.248%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.020	+0.219%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.992	long leg	$133K	$677K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.056	+0.493%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.046	+0.417%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.058	+0.508%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.050	+0.446%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	+0.345%	$643K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.044	+0.404%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.051	+0.454%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.053	+0.470%	$339K	$386K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0164%	1h	13.054	+0.480%	$775K	$212K	50x	as long as short
dYdX LINK-USD	+0.0269%	1h	13.040	+0.368%	$345K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.048	+0.431%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0441%	1h	13.065	+0.564%	$80.7M	$26.8M	10x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0499%	1h	13.055	+0.481%	$6.8M	$8.1M	50x
Phemex LINKUSDT	+0.0606%	8h	13.059	+0.516%	$20.2M	$11.5M	50x	as long as short