Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: ApeX Omni against Paradex+0.145%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.145% dearer against Paradex than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Paradex LINK-USD-PERP	12.951	0.0100	pay 0.0100% / 8h	2h 02m	$31K	$2K	20x
Short	ApeX Omni LINKUSDT	12.970	0.0100	get 0.0013% / 1h	2m 14s	$133K	$672K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now +0.145%Rate

Funding earned: $0.01
Price spread: +0.145% → 0.000%: $14.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $0.56
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 46 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 46 min ago	8.12 bp	16.4 bp −$16	101.4 bp −$1,014	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0089% / S +0.0166%	1h	12.953	+0.014%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.961	+0.074%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.954	+0.021%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0023%	8h	12.947	−0.032%	$95K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.256%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.985	+0.257%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.956	+0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.951	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.955	+0.030%	$347K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.957	+0.045%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.956	+0.034%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.957	+0.045%	$119.5M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.950	−0.009%	$83.6M	$73.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.958	+0.053%	$27.0M	$81.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.973	+0.169%	$181K	$95K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.951	−0.001%	$124.6M	$15.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.955	+0.030%	$33.0M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.957	+0.045%	$22.9M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.954	+0.022%	$54.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.953	+0.014%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	+0.155%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.967	+0.126%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.972	+0.158%	$581K	$2.9M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.970	+0.145%	$133K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.959	+0.061%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.952	+0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.967	+0.122%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.956	+0.037%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.941	−0.078%	$634K	$785K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.950	−0.008%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.958	+0.053%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.961	+0.076%	$936K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0135%	1h	12.967	+0.122%	$338K	$390K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	+0.068%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0248%	1h	12.969	+0.135%	$80.8M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0276%	1h	12.960	+0.070%	$6.7M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0337%	1h	12.962	+0.084%	$808K	$254K	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.952	+0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0576%	8h	12.974	+0.176%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0587%	1h	12.951	−0.005%	$345K	$33K	10x	as long as short