Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: ApeX Omni against Bybit+0.077%69s7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$410.412% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.792%+$79 · spread now +0.077%, 7d avg +0.083%

Together, before fees+0.888%+$89 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINKUSDT	13.029	0.0100	pay 0.0100% / 8h	5h 56m	$84.3M	$71.1M	75x
Short	ApeX Omni LINKUSDT	13.039	0.0100	get 0.0013% / 1h	56m 19s	$134K	$672K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.083%: −$0.6
Slippage, 4 orders: −$20.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.84
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 7 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 Bybit live order book, 3 min ago	0.38 bp	6.9 bp −$7	11.7 bp −$117	36.6 bp −$3,664	doesn't fit
Sell ApeX Omni live order book, 7 min ago	5.76 bp	13.8 bp −$14	108.9 bp −$1,089	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	13.036	+0.051%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.981	−0.366%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.031	+0.016%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.828%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	+0.009%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.004	−0.192%	$952K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.030	+0.008%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.024	−0.035%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.039	+0.079%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.033	+0.031%	$396K	$316K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.041	+0.090%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	+0.023%	$275K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.034	+0.040%	$119.9M	$297.0M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	13.029	long leg	$84.3M	$71.1M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.031	+0.015%	$27.5M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.052	+0.177%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.037	+0.061%	$128.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.039	+0.077%	$32.3M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.043	+0.107%	$23.1M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.028	−0.008%	$54.2M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.035	+0.046%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.992	−0.284%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	−0.075%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.019%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	−0.044%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.039	+0.077%	$134K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.046	+0.130%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.030	+0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.054	+0.192%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.030	+0.008%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.024	−0.042%	$642K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.023	−0.044%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	+0.030%	$547K	$2K	3x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.035	+0.049%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0479%	1h	13.036	+0.052%	$774K	$212K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.032	+0.026%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0567%	8h	13.036	+0.054%	$20.1M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0632%	1h	13.023	−0.047%	$345K	$30K	10x	as long as short
Hyperliquid LINK	+0.0665%	1h	13.056	+0.207%	$81.6M	$26.5M	10x	as long as short