Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: edgeX against Variational Omni+0.057%7-day average −0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.057%, 7d avg −0.002%

Together, before fees+0.019%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$2 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: edgeX is 0.059% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.182	0.0100	pay 0.0100% / 8h	34m 50s	$3.3M	$1.6M	—
Short	edgeX LINKUSDC	13.190	0.0100	get 0.0050% / 4h	34m 50s	$44K	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.002%: $5.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.07
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 43 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 Variational Omni RFQ quote, 4 min ago	3.11 bp	doesn't fit	8.8 bp −$88	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	2.28 bp	6.9 bp −$7	10.4 bp −$104	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	13.174	−0.059%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	−0.001%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.169	−0.098%	$727K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.168	−0.106%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.204	+0.168%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.932%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.163	−0.144%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.165	−0.131%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.172	−0.077%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.174	−0.061%	$402K	$312K	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	13.171	−0.083%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.176	−0.042%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.164	−0.136%	$122.5M	$304.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.163	−0.144%	$84.9M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.167	−0.114%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.076%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.166	−0.121%	$130.5M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.166	−0.121%	$36.6M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.170	−0.091%	$22.8M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.166	−0.121%	$54.8M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.169	−0.098%	—	$21.3M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.182	long leg	$3.3M	$1.6M	—
edgeX LINKUSDCshort	+0.0100%	4h	13.190	+0.057%	$44K	$308K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.023%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.195	+0.099%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.177	−0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.163	−0.144%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.186	+0.033%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.164	−0.136%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.165	−0.133%	$648K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.163	−0.142%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.167	−0.113%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.165	−0.129%	$996K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	−0.182%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0272%	1h	13.181	−0.007%	$78.0M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0295%	1h	13.174	−0.061%	$364K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.170	−0.091%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.173	−0.071%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.185	+0.023%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0550%	1h	13.179	−0.019%	$349K	$48K	10x	as long as short