Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: ApeX Omni against Binance+0.214%69s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.380% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.214%, 7d avg +0.052%

Together, before fees+0.034%+$3 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: ApeX Omni is 0.161% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.052%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.985	0.0100	pay 0.0100% / 8h	3h 32m	$120.6M	$300.4M	75x
Short	ApeX Omni LINKUSDT	13.013	0.0100	get 0.0013% / 1h	32m 24s	$133K	$674K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.214%Rate

Funding earned: $0
Price spread: +0.214% → +0.052%: $16.11
Slippage, 4 orders: −$17.96
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.85
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 21 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 Binance live order book, 11 min ago	0.38 bp	5.9 bp −$6	11.0 bp −$110	34.5 bp −$3,455	110.8 bp −$55.4K
Sell ApeX Omni live order book, 21 min ago	4.98 bp	12.5 bp −$12	98.1 bp −$981	doesn't fit	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 −0.0089% / S +0.0166%	1h	12.984	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.987	+0.016%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.984	−0.009%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.507%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.983	−0.018%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.173%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.987	+0.013%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.988	+0.024%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.982	−0.021%	$392K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.987	+0.013%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.991	+0.040%	$275K	$179K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.985	long leg	$120.6M	$300.4M	75x
Bybit LINKUSDT	+0.0100%	8h	12.982	−0.025%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.986	+0.006%	$27.5M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.000	+0.113%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.983	−0.018%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.987	+0.013%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.988	+0.021%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.987	+0.013%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.984	−0.010%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.992	+0.052%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.070%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.984	−0.008%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	0.000%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.013	+0.214%	$133K	$674K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.990	+0.036%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.985	−0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	+0.062%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.985	−0.002%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.967	−0.142%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.980	−0.042%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.985	−0.002%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	+0.013%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0181%	1h	12.992	+0.050%	$789K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.986	+0.006%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	+0.034%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0355%	1h	12.998	+0.099%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.981	−0.034%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0538%	8h	13.002	+0.129%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0621%	1h	12.984	−0.007%	$344K	$30K	10x	as long as short