LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: ApeX Omni against Coinbase International−0.168%75s7-day average +0.026% · 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−$480.479% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.168%, 7d avg +0.026%

Together, before fees+0.127%+$13 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 0.194% cheaper against Coinbase International than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 75 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	Coinbase International LINK-PERP-INTX	13.082	0.0104	pay 0.0013% / 1h	45m 58s	$986K	$2.7M	50x
Short	ApeX Omni LINKUSDT	13.060	0.0100	get 0.0013% / 1h	45m 58s	$152K	$660K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.168%Rate

Funding earned: −$0.84
Price spread: −0.168% → +0.026%: −$19.38
Slippage, 4 orders: −$27.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$68.1
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; ApeX Omni: live order book, 42 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 Coinbase International live order book, 3 min ago	1.53 bp	12.1 bp −$12	16.4 bp −$164	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 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 +0.0165%	1h	13.085	+0.020%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.091	+0.067%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.082	−0.002%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	+0.035%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.067%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.213%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.187%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.077	−0.038%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0054%	1h	13.091	+0.065%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.080	−0.016%	$2.1M	$2.4M	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	13.082	−0.003%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.083	+0.008%	$397K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.085	+0.023%	$77.2M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.081	−0.010%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.087	+0.036%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.077	−0.037%	$120.9M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.077	−0.038%	$84.3M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.076	−0.046%	$27.5M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.097	+0.115%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.079	−0.023%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.079	−0.023%	$35.7M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.084	+0.015%	$21.9M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.077	−0.038%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.081	−0.008%	—	$21.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.086	+0.031%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.051%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.076	−0.047%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.060	−0.168%	$152K	$660K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.089	+0.054%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.080	−0.019%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.094	+0.091%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.077	−0.038%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.042	−0.303%	$638K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.079	−0.020%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.082	+0.003%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0104%	1h	13.082	long leg	$986K	$2.7M	50x
BloFin LINK-USDT	+0.0220%	8h	13.084	+0.015%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.084	+0.014%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0502%	8h	13.096	+0.107%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.086	+0.028%	$7.0M	$7.7M	50x	as long as short