Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.206%53s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$500.499% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.206%, 7d avg +0.065%

Together, before fees+0.072%+$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: ApeX Omni is 0.141% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.065%. 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	BingX LINK-USDC	13.121	0.0100	pay 0.0100% / 8h	2h 06m	—	$6.6M	—
Short	ApeX Omni LINKUSDT	13.148	0.0100	get 0.0013% / 1h	6m 39s	$153K	$666K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.206%Rate

Funding earned: $0
Price spread: +0.206% → +0.065%: $14.08
Slippage, 4 orders: −$29.88
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$35.8
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; ApeX Omni: live order book, 17 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 BingX live order book, 15 min ago	0.76 bp	12.1 bp −$12	24.1 bp −$241	85.1 bp −$8,511	470.6 bp −$235.3K
Sell ApeX Omni live order book, 17 min ago	6.08 bp	15.4 bp −$15	101.6 bp −$1,016	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	13.135	+0.103%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.147	+0.200%	$469K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.134	+0.099%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.136	+0.116%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0013%	1h	13.124	+0.020%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.163	+0.322%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.495%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.131	+0.076%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.126	+0.039%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.120	−0.010%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.135	+0.107%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.137	+0.122%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.125	+0.031%	$1.6M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.124	+0.024%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.123	+0.015%	$121.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.120	−0.008%	$84.5M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.122	+0.008%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.140	+0.145%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.122	+0.008%	$130.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.121	0.000%	$36.6M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.126	+0.038%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.118	−0.023%	$54.3M	$30.4M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.121	long leg	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.155	+0.260%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.196%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.145	+0.182%	$596K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.148	+0.206%	$153K	$666K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.140	+0.145%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.127	+0.046%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	+0.222%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.128	+0.053%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.132	+0.080%	$646K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.120	−0.009%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.131	+0.076%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.148	+0.206%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.137	+0.122%	$365K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.127	+0.046%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.133	+0.094%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0471%	8h	13.147	+0.198%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.137	+0.121%	$6.9M	$7.9M	50x	as long as short