LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h +0.054%

Price spread now: Hyperliquid against ApeX Omni+0.277%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.431%−$43 · spread now +0.277%, 7d avg +0.034%

Together, before fees−0.399%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.242% dearer against ApeX Omni than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.034%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 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	13.012	0.0100	pay 0.0013% / 1h	54m 48s	$133K	$674K	50x
Short	Hyperliquid LINK	13.048	0.0427	get 0.0053% / 1h	54m 48s	$81.7M	$27.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.277%Rate

Funding earned: $68.62
Price spread: +0.277% → +0.034%: $24.24
Slippage, 4 orders: −$20.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $52.98
Costs to cover: 0.399%
Break-even: 1.6 days

Slippage from ApeX Omni: live order book, 64 min ago; Hyperliquid: live order book, 9 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, 64 min ago	3.87 bp	11.2 bp −$11	84.7 bp −$847	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.38 bp	6.1 bp −$6	9.6 bp −$96	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	13.036	+0.186%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.028	+0.126%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.039	+0.205%	$186K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.703%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.038	+0.200%	$118K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.042	+0.229%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0099%	1h	12.981	−0.241%	$3K	$82K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.015	+0.020%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.024	+0.096%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.043	+0.237%	$1.3M	$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 LINK	+0.0100%	1h	13.019	+0.057%	$276K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.039	+0.208%	$121.3M	$299.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.031	+0.146%	$84.2M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.038	+0.200%	$27.5M	$81.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.034	+0.169%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.038	+0.200%	$129.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.038	+0.200%	$33.0M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.045	+0.254%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.031	+0.146%	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.036	+0.184%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	−0.052%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.997	−0.118%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.999	−0.100%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.012	long leg	$133K	$674K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.043	+0.238%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.039	+0.207%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.054	+0.323%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.043	+0.238%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.010	−0.015%	$638K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.028	+0.126%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.043	+0.241%	$547K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.048	+0.277%	$945K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.036	+0.184%	$5.3M	$15.8M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0223%	1h	13.053	+0.315%	$342K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.047	+0.266%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0312%	1h	13.017	+0.041%	$345K	$30K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0341%	1h	13.046	+0.264%	$785K	$202K	50x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	13.036	+0.182%	$4K	—	20x	as long as short
Hyperliquid LINKshort	+0.0427%	1h	13.048	+0.277%	$81.7M	$27.4M	10x
Phemex LINKUSDT	+0.0518%	8h	13.056	+0.338%	$20.2M	$11.3M	50x	as long as short