Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: ApeX Omni against OKX+0.062%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.782%+$78 · spread now +0.062%, 7d avg +0.066%

Together, before fees+0.850%+$85 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	12.891	0.0100	pay 0.0100% / 8h	11m 30s	$27.1M	$80.0M	50x
Short	ApeX Omni LINKUSDT	12.899	0.0100	get 0.0013% / 1h	11m 30s	$132K	$671K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.066%: −$0.42
Slippage, 4 orders: −$21.17
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.59
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 27 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 OKX live order book, 2 min ago	0.39 bp	8.4 bp −$8	14.4 bp −$144	27.4 bp −$2,741	doesn't fit
Sell ApeX Omni live order book, 27 min ago	5.44 bp	14.3 bp −$14	104.3 bp −$1,043	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
Orderly PERP_LINK_USDC	−0.0091%	8h	12.887	−0.031%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.890	−0.010%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.895	+0.029%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.893	+0.017%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.809%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.886	−0.041%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.895	+0.031%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.895	+0.035%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.896	+0.043%	$348K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.908	+0.132%	$80.5M	$28.1M	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	12.897	+0.047%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.897	+0.044%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.895	+0.033%	$119.1M	$298.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.887	−0.031%	$83.4M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.891	long leg	$27.1M	$80.0M	50x
Arcus LINK-USD	+0.0100%	1h	12.914	+0.178%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.896	+0.039%	$134.0M	$17.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.897	+0.047%	$34.5M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.900	+0.070%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.894	+0.023%	$53.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.892	+0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.900	+0.070%	$335K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.871	−0.159%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.879	−0.094%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.891	+0.003%	$585K	$3.0M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.899	+0.062%	$132K	$671K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.078%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.885	−0.046%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.908	+0.130%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.890	−0.008%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.858	−0.255%	$628K	$765K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.894	+0.025%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.894	+0.023%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.892	+0.004%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.909	+0.140%	$933K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.897	+0.047%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0293%	1h	12.895	+0.029%	$806K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.894	+0.023%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0545%	8h	12.905	+0.109%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0571%	1h	12.894	+0.021%	$343K	$45K	10x	as long as short