Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Variational Omni against Binance−0.046%7-day average −0.014% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.046%, 7d avg −0.014%

Together, before fees−0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 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: Variational Omni is 0.032% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	13.244	0.0100	pay 0.0100% / 8h	49m 58s	$123.3M	$303.7M	75x
Short	Variational Omni LINK	13.238	0.0100	get 0.0100% / 8h	49m 58s	$3.4M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.014%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Variational Omni: RFQ quote, 4 min ago. 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 Binance live order book, 9 min ago	0.38 bp	5.5 bp −$5	10.8 bp −$108	31.0 bp −$3,101	112.6 bp −$56.3K
Sell Variational Omni RFQ quote, 4 min ago	3.13 bp	doesn't fit	8.1 bp −$81	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 −0.0090% / S +0.0167%	1h	13.247	+0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.247	+0.021%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.245	+0.008%	$726K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.248	+0.027%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	−0.031%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.373%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.241	−0.023%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.238	−0.045%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.257	+0.099%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.259	+0.113%	$406K	$313K	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	13.244	+0.001%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.258	+0.105%	$278K	$149K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	13.244	long leg	$123.3M	$303.7M	75x
Bybit LINKUSDT	+0.0100%	8h	13.238	−0.045%	$85.5M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.244	0.000%	$28.0M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.266	+0.166%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.240	−0.030%	$131.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.246	+0.015%	$36.9M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.244	0.000%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.242	−0.015%	$55.1M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.239	−0.038%	—	$6.6M	—	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.238	−0.046%	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.250	+0.045%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.248	+0.030%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.258	+0.106%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.257	+0.098%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.239	−0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.265	+0.156%	$35K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.242	−0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.239	−0.034%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.242	−0.016%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.245	+0.011%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0125%	1h	13.257	+0.095%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.244	0.000%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.240	−0.030%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0286%	1h	13.254	+0.079%	$78.4M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0377%	1h	13.249	+0.038%	$366K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.248	+0.029%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.256	+0.091%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.247	+0.023%	$7.0M	$8.2M	50x	as long as short