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% APRpaid last 24h +0.006%

Price spread now: ApeX Omni against MEXC+0.167%111s7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$260.262% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.167%, 7d avg +0.053%

Together, before fees+0.032%+$3 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 0.115% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.053%. The two prices were read 111 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	MEXC LINK_USDT	13.147	0.0100	pay 0.0100% / 8h	7h 51m	$36.5M	$58.0M	300x
Short	ApeX Omni LINKUSDT	13.169	0.0100	get 0.0013% / 1h	51m 41s	$153K	$667K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.053%: $11.46
Slippage, 4 orders: −$16.17
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$14.71
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; ApeX Omni: live order book, 22 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 MEXC live order book, 7 min ago	0.38 bp	0.6 bp −$1	3.9 bp −$39	30.9 bp −$3,089	50.7 bp −$25.4K
Sell ApeX Omni live order book, 22 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	13.179	+0.243%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.170	+0.177%	$468K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.158	+0.080%	$759K	$175K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.180	+0.248%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.682%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.179	+0.244%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.152	+0.038%	$133K	$1.5M	20x	as long as short
Gate LINK_USDT	+0.0043%	8h	13.154	+0.053%	$130.3M	$12.1M	75x	as long as short
Bybit LINKUSDT	+0.0069%	8h	13.145	−0.015%	$84.8M	$71.8M	75x	as long as short
Lighter LINK	+0.0096%	1h	13.148	+0.008%	$2.0M	$2.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.145	−0.016%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.167	+0.150%	$402K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.159	+0.089%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.151	+0.032%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.148	+0.008%	$122.2M	$306.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	+0.008%	$27.9M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.188	+0.312%	$185K	$172K	10x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.147	long leg	$36.5M	$58.0M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.151	+0.030%	$22.8M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.145	−0.015%	$54.7M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.152	+0.038%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	+0.211%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.166	+0.147%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.169	+0.167%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.169	+0.167%	$153K	$667K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.179	+0.243%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	+0.051%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.194	+0.354%	$33K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.150	+0.023%	$5K	$31K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.163	+0.123%	$647K	$874K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.148	+0.005%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.153	+0.047%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.171	+0.183%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.164	+0.129%	$5.2M	$16.7M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0273%	1h	13.159	+0.091%	$365K	$373K	15x	as long as short
dYdX LINK-USD	+0.0274%	1h	13.151	+0.030%	$348K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0317%	8h	13.162	+0.114%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.152	+0.040%	$6.9M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.172	+0.191%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0446%	1h	13.166	+0.145%	$79.5M	$24.5M	10x	as long as short