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 −0.010%

Price spread now: Variational Omni against MEXC−0.526%7-day average −0.013% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days+0.510%+$51 · spread now −0.526%, 7d avg −0.013%

Together, before fees+0.484%+ Points / potential airdropVariational Omni: Active · farm board+$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: Variational Omni is 0.514% cheaper against MEXC than usual: you would sell low and buy high, −$51 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.216	0.0100	pay 0.0100% / 8h	7h 42m	$37.0M	$58.2M	300x
Short	Variational Omni LINK	13.146	0.0100	get 0.0100% / 8h	7h 42m	$3.4M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational 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 Variational OmnibpOrdersPrice spread, now −0.526%Rate

Funding earned: $0
Price spread: −0.526% → −0.013%: −$51.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.36
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 MEXC live order book, 2 min ago	0.76 bp	0.8 bp −$1	4.4 bp −$44	25.2 bp −$2,520	46.6 bp −$23.3K
Sell Variational Omni RFQ quote, 2 min ago	3.11 bp	doesn't fit	9.1 bp −$91	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 +0.0167%	1h	13.213	−0.022%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.213	−0.022%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.215	−0.008%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.174%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.413%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.213	−0.023%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.222	+0.045%	$768K	$185K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.215	−0.007%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.202	−0.102%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.211	−0.038%	$405K	$310K	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	13.217	+0.005%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.205	−0.080%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.215	−0.008%	$122.7M	$305.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.212	−0.030%	$85.2M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.212	−0.030%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.023%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.211	−0.038%	$130.8M	$12.3M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.216	long leg	$37.0M	$58.2M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.218	+0.015%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.213	−0.023%	$55.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.214	−0.015%	—	$21.3M	—	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.146	−0.526%	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.156	−0.453%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.161	−0.417%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.378%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.215	−0.008%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.213	−0.026%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.227	+0.085%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.213	−0.023%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	−0.181%	$649K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.208	−0.059%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.215	−0.007%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.214	−0.015%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0155%	8h	13.223	+0.053%	$20.5M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0206%	1h	13.199	−0.125%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0208%	1h	13.227	+0.083%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.151%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.220	+0.029%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.209	−0.050%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0537%	1h	13.236	+0.151%	$81.0M	$25.1M	10x	as long as short