Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Paradex against ApeX Omni−0.362%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.362% cheaper against ApeX Omni than usual: you would sell low and buy high, −$36 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	13.182	0.0100	pay 0.0013% / 1h	35m 22s	$153K	$669K	50x
Short	Paradex LINK-USD-PERP	13.134	0.0100	get 0.0100% / 8h	1h 35m	$32K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$0.01
Price spread: −0.362% → 0.000%: −$36.23
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$50.24
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 48 min ago; Paradex: no order-book sample. Net counts fees only.

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, 48 min ago	6.08 bp	13.5 bp −$14	76.1 bp −$761	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.150	−0.240%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.138	−0.333%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	−0.211%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.140	−0.316%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.152	−0.229%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.932%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.166	−0.120%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.150	−0.243%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.143	−0.298%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.134	−0.362%	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.148	−0.258%	$399K	$312K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.163	−0.144%	$77.7M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.145	−0.280%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.140	−0.318%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	−0.230%	$122.0M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.151	−0.235%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.153	−0.220%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.159	−0.174%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	−0.243%	$130.6M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	−0.220%	$36.5M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.146	−0.273%	$22.2M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.149	−0.250%	$54.7M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.154	−0.212%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.155	−0.205%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.160	−0.170%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.159	−0.174%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.182	long leg	$153K	$669K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.156	−0.197%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.147	−0.264%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.156	−0.200%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.134	−0.364%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.131	−0.390%	$646K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.143	−0.297%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.153	−0.220%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.148	−0.258%	$992K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.136	−0.349%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.152	−0.228%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.153	−0.223%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.144	−0.288%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.137	−0.343%	$6.9M	$8.0M	50x	as long as short