Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.023%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.875%−$88 · spread now +0.023%, 7d avg −0.072%

Together, before fees−0.901%−$90 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: Bitget is 0.095% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.910	0.0100	pay 0.0013% / 1h	51m 32s	$132K	$671K	50x
Short	Bitget LINKUSDT	12.913	0.0100	get 0.0100% / 8h	7h 51m	$53.9M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.072%: $9.48
Slippage, 4 orders: −$22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.52
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; Bitget: live order book, 2 min ago.

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 ApeX Omni live order book, 47 min ago	5.44 bp	12.6 bp −$13	59.0 bp −$590	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.39 bp	8.2 bp −$8	12.0 bp −$120	25.3 bp −$2,531	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
Orderly PERP_LINK_USDC	−0.0106%	8h	12.893	−0.132%	$90K	$998K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.902	−0.062%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.908	−0.012%	$514K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.899	−0.089%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.950%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.896	−0.108%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.911	+0.010%	$3K	$85K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0091%	1h	12.904	−0.047%	$807K	$268K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.904	−0.046%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.904	−0.043%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.915	+0.041%	$349K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.922	+0.093%	$80.7M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.916	+0.045%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.905	−0.039%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.916	+0.046%	$119.2M	$297.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.912	+0.015%	$83.7M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.917	+0.054%	$27.1M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.925	+0.116%	$181K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.899	−0.085%	$133.8M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.916	+0.046%	$34.9M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.905	−0.039%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.913	+0.023%	$53.9M	$30.1M	75x
BingX LINK-USDT	+0.0100%	8h	12.912	+0.015%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.908	−0.015%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.891	−0.144%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.901	−0.073%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.904	−0.043%	$582K	$3.0M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.910	long leg	$132K	$671K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	+0.070%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	+0.072%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.918	+0.061%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.132%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.885	−0.193%	$629K	$751K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.908	−0.014%	$615K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.899	−0.081%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.903	−0.054%	$927K	$3.0M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.906	−0.031%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.913	+0.024%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0578%	1h	12.900	−0.076%	$344K	$45K	10x	as long as short
Phemex LINKUSDT	+0.0738%	8h	12.916	+0.046%	$20.0M	$11.5M	50x	as long as short