LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against ApeX Omni−0.231%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.231%, 7d avg −0.064%

Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · farm board−$7 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: Lighter is 0.167% cheaper against ApeX Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.951	0.0100	pay 0.0013% / 1h	1m 27s	$132K	$670K	50x
Short	Lighter LINK	12.921	0.0096	get 0.0012% / 1h	1m 27s	$1.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.231%Rate

Funding earned: −$0.84
Price spread: −0.231% → −0.064%: −$16.73
Slippage, 4 orders: −$27.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.58
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; Lighter: live order book, 6 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, 42 min ago	6.98 bp	15.1 bp −$15	68.0 bp −$680	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.27 bp	4.8 bp −$5	13.5 bp −$135	77.9 bp −$7,791	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 −0.0087% / S +0.0165%	1h	12.925	−0.199%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0042%	8h	12.912	−0.301%	$92K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.932	−0.143%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.926	−0.194%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.254%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.161%	$3K	$85K	10x	as long as short
Lighter LINKshort	+0.0096%	1h	12.921	−0.231%	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.919	−0.248%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.914	−0.290%	$354K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.923	−0.217%	$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	12.921	−0.229%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.916	−0.268%	$119.3M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.910	−0.317%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.914	−0.286%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.939	−0.093%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.916	−0.270%	$134.6M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.921	−0.232%	$34.1M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.921	−0.232%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.916	−0.270%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.915	−0.278%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.928	−0.178%	$336K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.025%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.932	−0.148%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.931	−0.156%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.951	long leg	$132K	$670K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.920	−0.239%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	−0.140%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.937	−0.112%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.922	−0.224%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.911	−0.312%	$631K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.914	−0.287%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.918	−0.259%	$542K	$2K	3x	as long as short
Hyperliquid LINK	+0.0116%	1h	12.925	−0.201%	$80.9M	$28.0M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.929	−0.170%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0160%	1h	12.930	−0.161%	$808K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.926	−0.189%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.932	−0.147%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.911	−0.309%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.938	−0.100%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0585%	1h	12.923	−0.213%	$344K	$45K	10x	as long as short