Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: SoDEX against Variational Omni−0.069%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.069% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.038	0.0100	pay 0.0100% / 8h	5h 15m	$3.4M	$1.6M	—
Short	SoDEX LINK-USD	13.029	0.0100	get 0.0013% / 1h	15m 21s	$11K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → 0.000%: −$6.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.87
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SoDEX: no order-book sample. 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	10.5 bp −$105	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	13.026	−0.093%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.045	+0.057%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.027	−0.083%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.893%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.025	−0.099%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.041	+0.023%	$965K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.030	−0.058%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.044	+0.047%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	−0.060%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.027	−0.080%	$394K	$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	13.033	−0.037%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	−0.046%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.029	−0.069%	$120.5M	$296.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.025	−0.099%	$84.2M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.026	−0.092%	$27.4M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.047	+0.069%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.028	−0.076%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.030	−0.061%	$32.6M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.033	−0.038%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.026	−0.092%	$54.2M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.028	−0.076%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.043	+0.039%	$345K	$385K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.038	long leg	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.032	−0.049%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.034	−0.030%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	+0.008%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.033	−0.038%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.025	−0.097%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.045	+0.056%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.029	−0.069%	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	13.008	−0.233%	$642K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.023	−0.114%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.030	−0.060%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.033	−0.036%	$774K	$175K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.040	+0.016%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.024	−0.106%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0437%	1h	13.031	−0.054%	$345K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.031	−0.051%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0578%	8h	13.055	+0.131%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0660%	1h	13.046	+0.062%	$82.1M	$27.3M	10x	as long as short