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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: HTX against Variational Omni−0.144%7-day average −0.057% · you buy dearer than you sell

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.168%+$17 · spread now −0.144%, 7d avg −0.057%

Together, before fees+0.197%+ Points / potential airdropVariational Omni: Active · farm board+$20 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: HTX is 0.087% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.146	0.0100	pay 0.0100% / 8h	28m 31s	$3.3M	$1.6M	—
Short	HTX LINK-USDT	13.127	0.0100	get 0.0100% / 8h	28m 31s	$646K	$884K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.057%: −$8.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; HTX: live order book, 50 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, 1 min ago	3.12 bp	doesn't fit	6.6 bp −$66	doesn't fit	doesn't fit
Sell HTX live order book, 50 min ago	18.77 bp	25.7 bp −$26	220.3 bp −$2,203	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	13.141	−0.036%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.150	+0.033%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.156	+0.075%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.142	−0.033%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.189%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.675%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.138	−0.061%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.144	−0.013%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.142	−0.029%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.146	0.000%	$401K	$311K	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	13.141	−0.036%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.147	+0.011%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.140	−0.046%	$122.2M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.139	−0.053%	$84.6M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.139	−0.053%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.160	+0.107%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.143	−0.023%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.139	−0.053%	$36.6M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.144	−0.015%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.137	−0.068%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.139	−0.053%	—	$6.6M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.146	long leg	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.162	+0.123%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	−0.006%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.173	+0.205%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.143	−0.023%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	+0.017%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.158	+0.093%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.151	+0.038%	$5K	$36K	10x	as long as short
HTX LINK-USDTshort	+0.0100%	8h	13.127	−0.144%	$646K	$884K	75x
Extended LINK-USD	+0.0104%	1h	13.140	−0.049%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.154	+0.058%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.140	−0.046%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.143	−0.023%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0247%	1h	13.159	+0.099%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0278%	1h	13.156	+0.078%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.137	−0.068%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	+0.115%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.163	+0.129%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0682%	1h	13.151	+0.037%	$348K	$48K	10x	as long as short