Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni+0.132%47s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$670.670% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.132%, 7d avg +0.057%

Together, before fees−0.008%−$1 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: SunX is 0.075% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 47 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	12.923	0.0100	pay 0.0013% / 1h	59m 29s	$132K	$670K	50x
Short	SunX LINK-USDT	12.940	0.0100	get 0.0100% / 8h	59m 29s	$33K	$1.4M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.057%: $7.48
Slippage, 4 orders: −$49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$59.52
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; SunX: live order book, 5 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, 44 min ago	6.98 bp	15.1 bp −$15	68.0 bp −$680	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	13.68 bp	19.2 bp −$19	doesn't fit	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 −0.0087% / S +0.0165%	1h	12.919	−0.031%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0045%	8h	12.911	−0.093%	$92K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.931	+0.060%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.921	−0.015%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.047%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.923	−0.002%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.917	−0.046%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.913	−0.078%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.914	−0.070%	$354K	$339K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.925	+0.012%	$80.9M	$28.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.923	+0.001%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.921	−0.015%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.920	−0.023%	$119.4M	$299.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.914	−0.070%	$83.5M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.917	−0.046%	$27.1M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.935	+0.093%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.917	−0.046%	$134.6M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.917	−0.046%	$34.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.920	−0.023%	$22.9M	$12.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.914	−0.070%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.915	−0.062%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.931	+0.062%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.906	−0.130%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.917	−0.047%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.915	−0.059%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	12.923	long leg	$132K	$670K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	−0.039%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	+0.076%	$16K	$22K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.940	+0.132%	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.926	+0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.909	−0.110%	$631K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.910	−0.098%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.928	+0.040%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.929	+0.046%	$931K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0129%	1h	12.934	+0.084%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.929	+0.048%	$6.5M	$8.4M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.915	−0.062%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.913	−0.078%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0545%	8h	12.942	+0.147%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0584%	1h	12.918	−0.042%	$344K	$45K	10x	as long as short