Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Variational Omni against HTX+0.054%7-day average +0.055% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.054%, 7d avg +0.055%

Together, before fees−0.273%+ Points / potential airdropVariational Omni: Active · farm board−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.055	0.0100	pay 0.0100% / 8h	5h 21m	$644K	$688K	75x
Short	Variational Omni LINK	13.062	0.0100	get 0.0100% / 8h	5h 21m	$3.4M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.055%: −$0.03
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 43 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 43 min ago	23.83 bp	30.8 bp −$31	79.9 bp −$799	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.10 bp	doesn't fit	11.3 bp −$113	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	13.064	+0.067%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.073	+0.138%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.065	+0.074%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.017%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.077	+0.169%	$968K	$2.8M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.066	+0.084%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.066	+0.084%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.061	+0.047%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.081	+0.198%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.070	+0.117%	$395K	$314K	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	13.074	+0.145%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.073	+0.137%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.070	+0.115%	$120.7M	$296.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.066	+0.084%	$84.4M	$71.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.066	+0.084%	$27.6M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.090	+0.268%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.068	+0.100%	$129.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.068	+0.100%	$32.2M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.070	+0.115%	$23.1M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.065	+0.077%	$54.3M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.069	+0.107%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.074	+0.146%	$346K	$386K	15x	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.062	+0.054%	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.213%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.051	−0.034%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.050	−0.038%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.083	+0.214%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.063	+0.060%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.083	+0.216%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.066	+0.084%	$11K	$63K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.055	long leg	$644K	$688K	75x
Extended LINK-USD	+0.0104%	1h	13.063	+0.059%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.069	+0.110%	$548K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.067	+0.092%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0332%	1h	13.072	+0.129%	$776K	$174K	50x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.073	+0.137%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0422%	1h	13.068	+0.097%	$346K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0551%	1h	13.068	+0.100%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0583%	8h	13.084	+0.222%	$20.2M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0667%	1h	13.086	+0.237%	$82.3M	$27.3M	10x	as long as short