LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0365%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.021%

Price spread now: dYdX against ApeX Omni+0.204%50s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$275as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2992.993% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now +0.204%, 7d avg −0.044%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and dYdX is 0.248% dearer against ApeX Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	13.167	0.0100	pay 0.0013% / 1h	26m 23s	$153K	$668K	50x
Short	dYdX LINK-USD	13.194	0.0465	get 0.0058% / 1h	26m 23s	$349K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.204%Rate

Funding earned: $76.56
Price spread: +0.204% → −0.044%: $24.79
Slippage, 4 orders: −$279.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$197.99
Costs to cover: 2.993%
Break-even: 25.1 days

Slippage from ApeX Omni: live order book, 47 min ago; dYdX: live order book, 48 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	4.96 bp	13.1 bp −$13	58.1 bp −$581	doesn't fit	doesn't fit
Sell dYdX live order book, 48 min ago	44.42 bp	224.7 bp −$225	228.2 bp −$2,282	228.6 bp −$22.9K	238.7 bp −$119.4K

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	13.193	+0.199%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.178	+0.082%	$474K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.193	+0.200%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.825%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.174	+0.050%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0058%	8h	13.198	+0.235%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.190	+0.178%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.242	+0.572%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.183	+0.122%	$405K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.191	+0.185%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.194	+0.208%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.196	+0.222%	$122.7M	$301.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.196	+0.220%	$84.9M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.197	+0.228%	$27.6M	$84.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.205	+0.289%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	+0.175%	$130.5M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.193	+0.197%	$37.3M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.196	+0.220%	$23.1M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.198	+0.235%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.190	+0.175%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.187	+0.154%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.162	−0.042%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.174	+0.056%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.167	long leg	$153K	$668K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.196	+0.220%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.197	+0.230%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.188	+0.160%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.173	+0.046%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.074%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.188	+0.156%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.200	+0.251%	$554K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0107%	1h	13.182	+0.111%	$783K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.186	+0.144%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0187%	1h	13.182	+0.114%	$367K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.178	+0.084%	$5.3M	$16.0M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.182	+0.117%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.189	+0.164%	$5K	—	20x	as long as short
dYdX LINK-USDshort	+0.0465%	1h	13.194	+0.204%	$349K	$48K	10x
Phemex LINKUSDT	+0.0545%	8h	13.193	+0.197%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0580%	1h	13.210	+0.327%	$81.7M	$25.1M	10x	as long as short