LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0374%/8h= −40.9% APRnext payment −$3.74 per $10,000 · paid last 24h −0.085%

Price spread now: Variational Omni against Phemex−0.373%7-day average −0.116% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.373%, 7d avg −0.116%

Together, before fees−0.045%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.257% cheaper against Phemex than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.116%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LINKUSDT	13.168	0.0474	pay 0.0474% / 8h	1h 23m	$20.4M	$11.5M	50x
Short	Variational Omni LINK	13.119	0.0100	get 0.0100% / 8h	1h 23m	$3.3M	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.373%Rate

Funding earned: −$78.46
Price spread: −0.373% → −0.116%: −$25.74
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$116.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; Variational Omni: RFQ quote, 1 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 Phemex live order book, 6 min ago	1.14 bp	10.6 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.12 bp	doesn't fit	10.1 bp −$101	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	13.155	−0.101%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.142	−0.194%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.152	−0.119%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	−0.071%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.155	−0.099%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.832%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.138	−0.226%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.150	−0.137%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.156	−0.087%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.135	−0.251%	$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	13.150	−0.137%	$402K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.169	+0.008%	$77.6M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.157	−0.083%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.142	−0.200%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.156	−0.092%	$122.1M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	−0.114%	$84.9M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.157	−0.084%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.160	−0.061%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.153	−0.114%	$130.4M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	−0.084%	$36.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	−0.091%	$22.5M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	−0.106%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.157	−0.084%	—	$21.5M	—	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.119	−0.373%	$3.3M	$1.5M	—
edgeX LINKUSDC	+0.0100%	4h	13.123	−0.341%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.134	−0.256%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.133	−0.266%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.157	−0.084%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.150	−0.139%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.166	−0.014%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.153	−0.114%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.121	−0.355%	$645K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.150	−0.140%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.085%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.146	−0.167%	$991K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0204%	1h	13.166	−0.015%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	−0.137%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.148	−0.149%	$5K	—	20x	as long as short
Phemex LINKUSDTlong	+0.0474%	8h	13.168	long leg	$20.4M	$11.5M	50x
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.158	−0.078%	$7.0M	$8.1M	50x	as long as short