Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: ApeX Omni against MEXC−0.657%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.798%+$80 · spread now −0.657%, 7d avg +0.049%

Together, before fees+0.857%+$86 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 0.707% cheaper against MEXC than usual: you would sell low and buy high, −$71 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.934	0.0100	pay 0.0100% / 8h	2h 19m	$32.9M	$57.7M	300x
Short	ApeX Omni LINKUSDT	12.849	0.0100	get 0.0013% / 1h	19m 18s	$131K	$675K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.657%Rate

Funding earned: $0
Price spread: −0.657% → +0.049%: −$70.65
Slippage, 4 orders: −$23.16
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$103.81
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 29 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 MEXC live order book, 5 min ago	0.39 bp	0.4 bp $0	2.9 bp −$29	22.2 bp −$2,222	44.2 bp −$22.1K
Sell ApeX Omni live order book, 29 min ago	8.12 bp	16.4 bp −$16	101.4 bp −$1,014	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	12.933	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.909	−0.193%	$525K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.932	−0.014%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.129%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0038%	8h	12.924	−0.077%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.407%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.929	−0.035%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.931	−0.024%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.928	−0.043%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.936	+0.013%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.932	−0.015%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.936	+0.014%	$118.9M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.932	−0.015%	$83.5M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.933	−0.008%	$27.4M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.945	+0.085%	$181K	$154K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.929	−0.039%	$124.4M	$15.2M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.934	long leg	$32.9M	$57.7M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.934	0.000%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.932	−0.015%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.935	+0.008%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.361%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.298%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.649%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.849	−0.657%	$131K	$675K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.938	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.929	−0.039%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.947	+0.101%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.930	−0.031%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.325%	$633K	$675K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.940	+0.046%	$337K	$390K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.926	−0.065%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.916	−0.137%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	−0.070%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.302%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.948	+0.108%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.932	−0.014%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0284%	1h	12.938	+0.029%	$801K	$246K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.932	−0.016%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.940	+0.046%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0714%	1h	12.932	−0.018%	$344K	$33K	10x	as long as short