Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.450%53s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$390.387% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.450%, 7d avg +0.065%

Together, before fees−0.007%−$1 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 0.386% dearer against BingX than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.065%. The two prices were read 53 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	BingX LINK-USDT	13.098	0.0100	pay 0.0100% / 8h	2h 56m	—	$21.8M	—
Short	ApeX Omni LINKUSDT	13.157	0.0100	get 0.0013% / 1h	56m 37s	$153K	$660K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.450%Rate

Funding earned: $0
Price spread: +0.450% → +0.065%: $38.57
Slippage, 4 orders: −$18.74
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$0.17
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; ApeX Omni: live order book, 31 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 BingX live order book, 12 min ago	1.52 bp	6.5 bp −$7	7.3 bp −$73	17.8 bp −$1,779	38.8 bp −$19.4K
Sell ApeX Omni live order book, 31 min ago	4.53 bp	12.2 bp −$12	102.3 bp −$1,023	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 −0.0091% / S +0.0166%	1h	13.107	+0.065%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.127	+0.225%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.113	+0.112%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.113	+0.111%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.114	+0.121%	$698K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.109	+0.082%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0025%	8h	13.175	+0.586%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.329%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	13.103	+0.038%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.114	+0.121%	$2.1M	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.098	+0.003%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.106	+0.061%	$397K	$323K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.115	+0.131%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.109	+0.087%	$275K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.106	+0.065%	$121.2M	$301.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.103	+0.038%	$84.8M	$68.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.099	+0.008%	$27.7M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.115	+0.130%	$184K	$169K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.105	+0.053%	$130.8M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.108	+0.076%	$35.4M	$55.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.113	+0.115%	$21.9M	$16.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.099	+0.008%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDTlong	+0.0100%	8h	13.098	long leg	—	$21.8M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	13.122	+0.183%	$363K	$374K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.150	+0.394%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.141	+0.331%	$591K	$2.9M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.157	+0.450%	$153K	$660K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.110	+0.092%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.106	+0.064%	$22K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.117	+0.145%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.109	+0.084%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.098	−0.004%	$641K	$908K	75x	as long as short
Hyperliquid LINK	+0.0103%	1h	13.123	+0.191%	$78.2M	$23.4M	10x	as long as short
Extended LINK-USD	+0.0104%	1h	13.095	−0.026%	$668K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.113	+0.111%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.108	+0.076%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.110	+0.092%	$5.3M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.105	+0.052%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0496%	8h	13.125	+0.206%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.122	+0.183%	$6.9M	$7.8M	50x	as long as short