Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against edgeX+0.025%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.025%, 7d avg +0.067%

Together, before fees+0.009%+ Points / potential airdropedgeX: Active · farm board+$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 0.042% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.155	0.0100	pay 0.0050% / 4h	3h 17m	$44K	$310K	20x
Short	ApeX Omni LINKUSDT	13.158	0.0100	get 0.0013% / 1h	17m 25s	$153K	$669K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.067%: −$4.21
Slippage, 4 orders: −$20.58
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.79
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from edgeX: live order book, 56 min ago; ApeX Omni: live order book, 56 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 edgeX live order book, 56 min ago	2.67 bp	7.2 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	4.96 bp	12.1 bp −$12	92.6 bp −$926	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 +0.0167%	1h	13.131	−0.179%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.130	−0.190%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.136	−0.142%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.737%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.097%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.139	−0.119%	$133K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0070%	1h	13.145	−0.071%	$780K	$211K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.143	−0.089%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.184	+0.225%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.148	−0.047%	$403K	$307K	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	13.146	−0.062%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	−0.084%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.144	−0.078%	$122.0M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.139	−0.119%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.142	−0.096%	$27.5M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.025%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.147	−0.058%	$130.2M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.142	−0.096%	$36.7M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.147	−0.058%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.139	−0.119%	$54.5M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.135	−0.150%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.020%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.155	long leg	$44K	$310K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.028%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.158	+0.025%	$153K	$669K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.148	−0.051%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.139	−0.123%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.123	−0.239%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.141	−0.104%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.107	−0.360%	$645K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.139	−0.117%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.143	−0.088%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.114	−0.309%	$999K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.159	+0.033%	$364K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	−0.157%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.159	+0.031%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.138	−0.130%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0454%	1h	13.141	−0.106%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0552%	1h	13.161	+0.048%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0728%	8h	13.161	+0.048%	$20.4M	$11.6M	50x	as long as short