Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Variational Omni against Binance−0.246%7-day average −0.013% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days+0.227%+$23 · spread now −0.246%, 7d avg −0.013%

Together, before fees+0.201%+ Points / potential airdropVariational Omni: Active · farm board+$20 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: Variational Omni is 0.232% cheaper against Binance than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.221	0.0100	pay 0.0100% / 8h	1h 00m	$123.0M	$303.6M	75x
Short	Variational Omni LINK	13.189	0.0100	get 0.0100% / 8h	1h 00m	$3.3M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.246%Rate

Funding earned: $0
Price spread: −0.246% → −0.013%: −$23.25
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 4 min ago. 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 Binance live order book, 13 min ago	0.38 bp	7.0 bp −$7	11.5 bp −$115	31.0 bp −$3,103	116.9 bp −$58.5K
Sell Variational Omni RFQ quote, 4 min ago	3.11 bp	doesn't fit	8.6 bp −$86	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 −0.0090% / S +0.0167%	1h	13.203	−0.141%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.203	−0.135%	$488K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.207	−0.110%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.202	−0.147%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.211%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	−0.137%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.201	−0.153%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0056%	1h	13.223	+0.016%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.219	−0.018%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.214	−0.051%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.215	−0.047%	$404K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.236	+0.112%	$78.2M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.221	−0.004%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.220	−0.009%	$277K	$148K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.221	long leg	$123.0M	$303.6M	75x
Bybit LINKUSDT	+0.0100%	8h	13.220	−0.009%	$85.4M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.223	+0.014%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.233	+0.089%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.219	−0.017%	$131.0M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.224	+0.021%	$37.0M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.225	+0.029%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.222	+0.006%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.221	−0.002%	—	$6.6M	—	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.189	−0.246%	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.204	−0.127%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.175%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	−0.107%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.226	+0.036%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.199	−0.167%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.218	−0.023%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.203	−0.138%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.186	−0.267%	$648K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.219	−0.017%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.211	−0.078%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.212	−0.070%	$995K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.206	−0.115%	$5.3M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	13.231	+0.074%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.219	−0.013%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.217	−0.032%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.213	−0.065%	$7.0M	$8.1M	50x	as long as short