LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0405%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h +0.008%

Price spread now: ApeX Omni against Kraken Futures−0.065%45s7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$490.493% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now −0.065%, 7d avg +0.028%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and ApeX Omni is 0.094% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.135	0.0505	pay 0.0063% / 1h	1m 39s	$6.9M	$8.0M	50x
Short	ApeX Omni LINKUSDT	13.126	0.0100	get 0.0013% / 1h	1m 39s	$153K	$665K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: −$84.96
Price spread: −0.065% → +0.028%: −$9.37
Slippage, 4 orders: −$29.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$143.65
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 22 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 Kraken Futures live order book, 2 min ago	2.66 bp	10.6 bp −$11	14.9 bp −$149	43.1 bp −$4,308	doesn't fit
Sell ApeX Omni live order book, 22 min ago	6.08 bp	15.4 bp −$15	101.6 bp −$1,016	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	13.138	+0.030%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.144	+0.069%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.139	+0.034%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.138	+0.023%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0012%	1h	13.130	−0.034%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.136	+0.013%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.593%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.135	+0.003%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.134	−0.007%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.134	−0.002%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.146	+0.091%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.139	+0.034%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.135	+0.006%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.133	−0.013%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.146	+0.090%	$121.7M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.145	+0.079%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	+0.102%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.150	+0.117%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.131	−0.027%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.135	+0.003%	$36.6M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.131	−0.027%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.147	+0.095%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.137	+0.018%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.121	−0.104%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.135	0.000%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.174%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.126	−0.065%	$153K	$665K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.140	+0.041%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.133	−0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.155	+0.155%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.127	−0.058%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.266%	$644K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.137	+0.017%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.133	−0.014%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.126	−0.065%	$988K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0114%	1h	13.136	+0.011%	$365K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.130	−0.035%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.138	+0.025%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0477%	8h	13.147	+0.095%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0505%	1h	13.135	long leg	$6.9M	$8.0M	50x