Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Paradex against ApeX Omni−0.095%50s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.095% cheaper against ApeX Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	12.958	0.0100	pay 0.0013% / 1h	14m 10s	$133K	$672K	50x
Short	Paradex LINK-USD-PERP	12.946	0.0100	get 0.0100% / 8h	1h 14m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$0.01
Price spread: −0.095% → 0.000%: −$9.48
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.49
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 29 min ago; Paradex: no order-book sample. 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 ApeX Omni live order book, 29 min ago	6.98 bp	15.1 bp −$15	68.0 bp −$680	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0087% / S +0.0165%	1h	12.949	−0.069%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0026%	8h	12.943	−0.116%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.958	−0.002%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.954	−0.030%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.306%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.966	+0.059%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.951	−0.054%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.946	−0.095%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.950	−0.058%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.954	−0.031%	$1.3M	$2.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.949	−0.069%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.952	−0.046%	$119.6M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.946	−0.093%	$83.7M	$73.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.950	−0.062%	$27.0M	$80.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.967	+0.069%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.952	−0.046%	$127.9M	$16.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.953	−0.039%	$34.7M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.955	−0.023%	$22.9M	$12.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.949	−0.069%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.949	−0.069%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	−0.029%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.953	−0.041%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.117%	$586K	$3.0M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.958	long leg	$133K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.954	−0.031%	$81K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.062%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.950	−0.062%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.919	−0.300%	$631K	$788K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.942	−0.120%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.951	−0.050%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.952	−0.046%	$935K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0127%	1h	12.959	+0.008%	$337K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.952	−0.044%	$6.7M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0213%	1h	12.957	−0.007%	$810K	$266K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.952	−0.046%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.959	+0.008%	$81.0M	$27.9M	10x	as long as short
Reya LINKRUSDPERP	+0.0398%	1h	12.944	−0.105%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.964	+0.046%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0618%	1h	12.950	−0.060%	$345K	$45K	10x	as long as short