Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX+0.448%76s7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as 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−$790.795% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.422%−$42 · spread now +0.448%, 7d avg +0.121%

Together, before fees−0.419%−$42 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 0.328% dearer against HTX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.121%. The two prices were read 76 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	HTX LINK-USDT	13.137	0.0100	pay 0.0100% / 8h	1h 15m	$646K	$894K	75x
Short	ApeX Omni LINKUSDT	13.196	0.0100	get 0.0013% / 1h	15m 55s	$154K	$670K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.448%Rate

Funding earned: $0
Price spread: +0.448% → +0.121%: $32.76
Slippage, 4 orders: −$57.49
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$46.73
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 67 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 HTX live order book, 3 min ago	18.77 bp	24.9 bp −$25	41.7 bp −$417	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 67 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	13.189	+0.394%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.188	+0.387%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.192	+0.419%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.190	+0.402%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.189	+0.398%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.611%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.167	+0.225%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.185	+0.365%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.181	+0.335%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.187	+0.384%	$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	13.183	+0.349%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.188	+0.387%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.182	+0.342%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.190	+0.404%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.174	+0.281%	$122.3M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	+0.258%	$85.0M	$70.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.172	+0.266%	$27.7M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.202	+0.494%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.183	+0.349%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.173	+0.273%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.177	+0.304%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.166	+0.220%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.179	+0.319%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.187	+0.379%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.189	+0.398%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.164	+0.206%	$597K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.196	+0.448%	$154K	$670K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.192	+0.418%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.185	+0.361%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.205	+0.515%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.179	+0.319%	$5K	$37K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.137	long leg	$646K	$894K	75x
Extended LINK-USD	+0.0104%	1h	13.167	+0.230%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.191	+0.407%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.191	+0.410%	$993K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.182	+0.342%	$365K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.178	+0.311%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.187	+0.379%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0466%	8h	13.195	+0.441%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.184	+0.359%	$7.0M	$8.1M	50x	as long as short