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 HTX+0.375%76s7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$690.689% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.485%−$49 · spread now +0.375%, 7d avg +0.115%

Together, before fees−0.483%−$48 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 0.260% dearer against HTX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.115%. The two prices were read 76 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	HTX LINK-USDT	13.060	0.0100	pay 0.0100% / 8h	2h 53m	$639K	$905K	75x
Short	ApeX Omni LINKUSDT	13.109	0.0100	get 0.0013% / 1h	53m 45s	$153K	$660K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.375%Rate

Funding earned: $0
Price spread: +0.375% → +0.115%: $26.04
Slippage, 4 orders: −$46.91
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.87
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from HTX: live order book, 35 min ago; ApeX Omni: live order book, 34 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 HTX live order book, 35 min ago	5.79 bp	13.3 bp −$13	34.0 bp −$340	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 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	13.077	+0.133%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.127	+0.517%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.085	+0.190%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.097	+0.283%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.078	+0.135%	$696K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.078	+0.136%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.379%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.054%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	13.069	+0.069%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.087	+0.208%	$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	13.076	+0.124%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.069	+0.065%	$396K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.099	+0.299%	$78.0M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.092	+0.247%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.096	+0.277%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.083	+0.176%	$121.0M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.085	+0.191%	$84.3M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.088	+0.214%	$27.6M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.100	+0.306%	$184K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.093	+0.253%	$130.6M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.089	+0.222%	$35.7M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.094	+0.260%	$21.8M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.085	+0.191%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.086	+0.199%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.086	+0.199%	$362K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.105	+0.348%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.113	+0.407%	$590K	$2.9M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.109	+0.375%	$153K	$660K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.069	+0.069%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.072	+0.092%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.090	+0.231%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.075	+0.115%	$5K	$40K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.060	long leg	$639K	$905K	75x
Extended LINK-USD	+0.0104%	1h	13.085	+0.193%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.079	+0.148%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.074	+0.107%	$989K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.132	+0.551%	$5.3M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.067	+0.053%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0507%	1h	13.085	+0.189%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0515%	8h	13.092	+0.245%	$20.2M	$11.5M	50x	as long as short