Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.015%73s7-day average +0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$440.440% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.015%, 7d avg +0.076%

Together, before fees+0.474%+$47 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 0.092% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.076%. The two prices were read 73 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	Bitget LINKUSDT	12.992	0.0100	pay 0.0100% / 8h	5h 44m	$54.1M	$30.0M	75x
Short	ApeX Omni LINKUSDT	12.990	0.0100	get 0.0013% / 1h	44m 15s	$133K	$671K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.076%: −$9.19
Slippage, 4 orders: −$21.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$53.16
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 19 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 Bitget live order book, 5 min ago	0.38 bp	8.3 bp −$8	13.9 bp −$139	24.2 bp −$2,416	doesn't fit
Sell ApeX Omni live order book, 19 min ago	5.76 bp	13.8 bp −$14	108.9 bp −$1,089	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	12.987	−0.036%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.997	+0.038%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.988	−0.033%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.557%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.016	+0.185%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.993	+0.008%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.996	+0.030%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.000	+0.061%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.005	+0.098%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.993	+0.012%	$395K	$316K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.000	+0.062%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.005	+0.098%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.995	+0.023%	$119.7M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.998	+0.046%	$84.1M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.000	+0.062%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.014	+0.169%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.994	+0.015%	$128.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.002	+0.077%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	+0.046%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	12.992	long leg	$54.1M	$30.0M	75x
BingX LINK-USDC	+0.0100%	8h	12.990	−0.015%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.160%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.135%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.211%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.990	−0.015%	$133K	$671K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.001	+0.069%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.995	+0.023%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.003	+0.084%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.997	+0.038%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.991	−0.006%	$641K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.991	−0.011%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.998	+0.046%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	13.024	+0.246%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.005	+0.100%	—	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0243%	1h	13.001	+0.070%	$772K	$193K	50x	as long as short
dYdX LINK-USD	+0.0351%	1h	13.001	+0.070%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.991	−0.008%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	12.999	+0.055%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0612%	8h	13.012	+0.154%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0737%	1h	13.015	+0.177%	$81.8M	$26.7M	10x	as long as short