LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against ApeX Omni−0.061%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)−0.784%−$78 · spread now −0.061%, 7d avg −0.064%

Together, before fees−0.923%+ Points / potential airdropLighter: Season 3 · farm board−$92 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.928	0.0100	pay 0.0013% / 1h	44m 52s	$132K	$671K	50x
Short	Lighter LINK	12.920	0.0096	get 0.0012% / 1h	44m 52s	$1.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$0.84
Price spread: −0.061% → −0.064%: $0.31
Slippage, 4 orders: −$25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.53
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; Lighter: live order book, 2 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, 58 min ago	6.98 bp	15.1 bp −$15	68.0 bp −$680	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.24 bp	2.9 bp −$3	9.2 bp −$92	70.0 bp −$7,002	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 −0.0087% / S +0.0165%	1h	12.923	−0.040%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0060%	8h	12.915	−0.101%	$91K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.922	−0.045%	$507K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.921	−0.056%	$155K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0029%	1h	12.926	−0.013%	$808K	$268K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.084%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.904	−0.183%	$3K	$85K	10x	as long as short
Lighter LINKshort	+0.0096%	1h	12.920	−0.061%	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.917	−0.082%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.917	−0.085%	$354K	$340K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.928	0.000%	$81.0M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.922	−0.045%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.918	−0.079%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.921	−0.053%	$119.3M	$298.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.917	−0.085%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.918	−0.077%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.936	+0.062%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.922	−0.046%	$133.6M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.921	−0.054%	$34.6M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.923	−0.039%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.911	−0.131%	$54.0M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.921	−0.054%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.926	−0.015%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.924	−0.031%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.933	+0.035%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	−0.004%	$587K	$3.0M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.928	long leg	$132K	$671K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.924	−0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.930	+0.016%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.937	+0.071%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.921	−0.054%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.905	−0.177%	$631K	$778K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.922	−0.043%	$6.5M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.914	−0.108%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	−0.051%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.936	+0.062%	$931K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.926	−0.015%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0400%	1h	12.918	−0.078%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0416%	1h	12.919	−0.068%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.936	+0.062%	$20.0M	$11.3M	50x	as long as short