Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Pacifica against Variational Omni+0.088%7-day average +0.013% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.088%, 7d avg +0.013%

Together, before fees−0.210%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$21 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: Pacifica is 0.074% dearer against Variational Omni than usual: you sell high and buy low, +$7 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	Variational Omni LINK	12.976	0.0100	pay 0.0100% / 8h	3h 34m	$3.3M	$1.6M	—
Short	Pacifica LINK	12.988	0.0100	get 0.0013% / 1h	34m 17s	$275K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.013%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$0.56
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Pacifica: live order book, 19 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, 5 min ago	3.12 bp	doesn't fit	10.7 bp −$107	doesn't fit	doesn't fit
Sell Pacifica live order book, 19 min ago	4.60 bp	10.7 bp −$11	doesn't fit	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	12.974	−0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.990	+0.105%	$499K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.973	−0.024%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.441%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.970	−0.048%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.008	+0.243%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.988	+0.094%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.981	+0.034%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.975	−0.006%	$392K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.986	+0.074%	$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 LINKshort	+0.0100%	1h	12.988	+0.088%	$275K	$179K	10x
Binance LINKUSDT	+0.0100%	8h	12.974	−0.017%	$120.7M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.975	−0.009%	$83.9M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.974	−0.017%	$27.4M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	+0.083%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.981	+0.037%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.975	−0.009%	$32.9M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.978	+0.014%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.981	+0.037%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.980	+0.029%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	+0.152%	$341K	$390K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.976	long leg	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.005	+0.223%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.982	+0.046%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.013	+0.283%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	+0.029%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.972	−0.031%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.996	+0.154%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.986	+0.075%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.964	−0.093%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.970	−0.050%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.000	+0.180%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.987	+0.083%	$924K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0143%	1h	12.979	+0.022%	$788K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.985	+0.068%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.990	+0.108%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0353%	1h	12.988	+0.094%	$81.2M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.968	−0.060%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0543%	8h	13.004	+0.214%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0575%	1h	12.988	+0.089%	$344K	$30K	10x	as long as short