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 KuCoin+0.079%7-day average −0.010% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.079%, 7d avg −0.010%

Together, before fees−0.104%+ Points / potential airdropVariational Omni: Active · farm board−$10 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: Variational Omni is 0.090% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.923	0.0100	pay 0.0100% / 8h	3h 11m	$22.7M	$13.3M	75x
Short	Variational Omni LINK	12.933	0.0100	get 0.0100% / 8h	3h 11m	$3.3M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.010%: $8.97
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	1.93 bp	11.0 bp −$11	14.4 bp −$144	53.9 bp −$5,394	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.13 bp	doesn't fit	9.9 bp −$99	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 −0.0089% / S +0.0166%	1h	12.914	−0.071%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.930	+0.055%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.915	−0.058%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.047%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.915	−0.062%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.940	+0.134%	$3K	$82K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0075%	1h	12.921	−0.019%	$784K	$210K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.917	−0.045%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.910	−0.103%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.917	−0.046%	$390K	$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	12.914	−0.070%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.918	−0.039%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.909	−0.105%	$119.8M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.905	−0.139%	$83.2M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.907	−0.124%	$27.3M	$80.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.929	+0.046%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.917	−0.046%	$128.0M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.914	−0.070%	$33.2M	$57.2M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.923	long leg	$22.7M	$13.3M	75x
Bitget LINKUSDT	+0.0100%	8h	12.905	−0.139%	$53.8M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.915	−0.062%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.920	−0.023%	$339K	$391K	15x	as long as short
Variational Omni LINKshort	+0.0100%	8h	12.933	+0.079%	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.934	+0.083%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.932	+0.070%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.936	+0.101%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.913	−0.077%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.914	−0.073%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.928	+0.042%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.916	−0.054%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.912	−0.087%	$633K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.908	−0.118%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.918	−0.036%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.923	0.000%	$921K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	+0.108%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.919	−0.030%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0305%	1h	12.930	+0.054%	$80.7M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.907	−0.124%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0563%	8h	12.933	+0.077%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0853%	1h	12.917	−0.045%	$343K	$32K	10x	as long as short