Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Arcus+0.220%53s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$590.589% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.220%, 7d avg −0.015%

Together, before fees−0.132%−$13 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: ApeX Omni is 0.235% dearer against Arcus than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 53 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	Arcus LINK-USD	13.176	0.0100	pay 0.0013% / 1h	29m 58s	$185K	$172K	10x
Short	ApeX Omni LINKUSDT	13.205	0.0100	get 0.0013% / 1h	29m 58s	$154K	$667K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.220%Rate

Funding earned: $0
Price spread: +0.220% → −0.015%: $23.48
Slippage, 4 orders: −$44.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$35.4
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from Arcus: live order book, 43 min ago; ApeX Omni: live order book, 43 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 Arcus live order book, 43 min ago	11.44 bp	19.8 bp −$20	34.8 bp −$348	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 43 min ago	4.96 bp	12.1 bp −$12	92.6 bp −$926	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 −0.0091% / S +0.0167%	1h	13.154	−0.165%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.003%	$474K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	−0.130%	$781K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.154	−0.165%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.889%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.247%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.153	−0.175%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.158	−0.138%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.157	−0.142%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.151	−0.186%	$404K	$309K	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	13.161	−0.114%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	−0.083%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.167	−0.066%	$122.4M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.163	−0.099%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.166	−0.076%	$27.7M	$84.4M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.176	long leg	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.162	−0.106%	$130.3M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.159	−0.129%	$37.2M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.158	−0.137%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.167	−0.068%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.163	−0.099%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.004%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.164%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	+0.144%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.205	+0.220%	$154K	$667K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	−0.159%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.168%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	−0.017%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.167%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.153	−0.171%	$647K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.165	−0.085%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.145%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.099%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0187%	1h	13.171	−0.038%	$367K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	−0.030%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.163	−0.097%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.151	−0.191%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0448%	1h	13.169	−0.053%	$349K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0580%	8h	13.173	−0.023%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0584%	1h	13.182	+0.046%	$81.5M	$25.1M	10x	as long as short