Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.008%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.008%, 7d avg −0.057%

Together, before fees−0.343%−$34 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: KuCoin is 0.065% 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 −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.965	0.0100	pay 0.0013% / 1h	25m 06s	$133K	$672K	50x
Short	KuCoin LINKUSDTM	12.966	0.0100	get 0.0100% / 8h	4h 25m	$22.7M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.057%: $6.45
Slippage, 4 orders: −$32.98
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.53
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; KuCoin: 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, 33 min ago	3.87 bp	11.2 bp −$11	84.7 bp −$847	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.54 bp	13.7 bp −$14	21.7 bp −$217	64.0 bp −$6,402	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 −0.0090% / S +0.0167%	1h	12.969	+0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.973	+0.066%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.970	+0.035%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.358%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.969	+0.031%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.967	+0.014%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.971	+0.046%	$944K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.988	+0.178%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.964	−0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.976	+0.085%	$392K	$310K	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	12.973	+0.065%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.970	+0.039%	$274K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.971	+0.044%	$120.0M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.962	−0.023%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.959	−0.046%	$27.4M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.988	+0.177%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.967	+0.015%	$128.3M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.965	0.000%	$33.0M	$56.7M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	12.966	+0.008%	$22.7M	$13.5M	75x
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.008%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.960	−0.039%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.968	+0.023%	$339K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	−0.084%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.958	−0.056%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.967	+0.016%	$581K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.965	long leg	$133K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.985	+0.154%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.968	+0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.995	+0.234%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.969	+0.031%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.912	−0.406%	$634K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.966	+0.004%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.970	+0.042%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0159%	1h	12.975	+0.076%	$777K	$200K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.008%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0364%	1h	12.975	+0.075%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.970	+0.037%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.972	+0.052%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0450%	1h	12.966	+0.006%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0531%	8h	12.981	+0.123%	$20.0M	$11.4M	50x	as long as short