Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: SunX against Variational Omni−0.076%7-day average +0.123% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.185%+$19 · spread now −0.076%, 7d avg +0.123%

Together, before fees+0.217%+ Points / potential airdropVariational Omni: Active · farm board+$22 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: SunX is 0.198% cheaper against Variational Omni than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.979	0.0100	pay 0.0100% / 8h	6h 08m	$3.4M	$1.6M	—
Short	SunX LINK-USDT	12.969	0.0100	get 0.0100% / 8h	6h 08m	$34K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.123%: −$19.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.83
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; SunX: live order book, 6 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, just now	3.13 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	13.68 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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	12.955	−0.187%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	−0.124%	$469K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.955	−0.188%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.463%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.992	+0.100%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.957	−0.171%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.993	+0.106%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.963	−0.125%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.965	−0.109%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.959	−0.160%	$394K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.965	−0.110%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.965	−0.108%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.964	−0.117%	$119.2M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.958	−0.164%	$83.6M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.962	−0.133%	$27.3M	$82.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.982	+0.021%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.961	−0.140%	$127.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.964	−0.117%	$33.0M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.968	−0.087%	$23.0M	$14.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.117%	$53.9M	$30.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.964	−0.117%	—	$23.0M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.979	long leg	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.043%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.990	+0.083%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	+0.044%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.963	−0.125%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.957	−0.173%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.969	−0.076%	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.961	−0.140%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.959	−0.160%	$639K	$857K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.957	−0.173%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.963	−0.129%	$544K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0124%	1h	12.965	−0.110%	$337K	$382K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	12.965	−0.108%	$770K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.954	−0.193%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0447%	1h	12.960	−0.150%	$343K	$34K	10x	as long as short
Hyperliquid LINK	+0.0462%	1h	12.979	−0.004%	$80.7M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	−0.102%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0635%	8h	12.976	−0.025%	$20.0M	$11.5M	50x	as long as short