Funding arb · Price arb /

LINK

all LINK markets

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 SunX−0.023%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now −0.023%, 7d avg −0.056%

Together, before fees−0.089%−$9 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 0.033% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.190	0.0100	pay 0.0100% / 8h	1h 14m	$34K	$1.6M	30x
Short	ApeX Omni LINKUSDT	13.187	0.0100	get 0.0013% / 1h	14m 46s	$153K	$670K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.056%: $3.31
Slippage, 4 orders: −$48.23
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.92
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; ApeX Omni: live order book, 4 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 SunX live order book, 10 min ago	13.66 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	5.31 bp	13.0 bp −$13	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 −0.0090% / S +0.0167%	1h	13.177	−0.099%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.172	−0.136%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.178	−0.089%	$720K	$125K	50x	as long as short
dYdX LINK-USD	+0.0003%	1h	13.183	−0.050%	$349K	$48K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.176	−0.104%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.989%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.167	−0.177%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.174	−0.121%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.190	+0.003%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.178	−0.090%	$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	13.173	−0.129%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.203	+0.095%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.189	−0.010%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.189	−0.007%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.186	−0.029%	$122.4M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.184	−0.045%	$85.1M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.179	−0.083%	$27.8M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.190	0.000%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.188	−0.015%	$130.8M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.187	−0.023%	$36.3M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.192	+0.015%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.187	−0.023%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.187	−0.023%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	−0.047%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	−0.081%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.045%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.187	−0.023%	$153K	$670K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.177	−0.099%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.173	−0.127%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.190	long leg	$34K	$1.6M	30x
SoDEX LINK-USD	+0.0100%	1h	13.181	−0.068%	$5K	$37K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.241%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.181	−0.070%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.178	−0.089%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	−0.008%	$994K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.194	+0.030%	$366K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.183	−0.053%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.173	−0.126%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0470%	8h	13.189	−0.008%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0693%	1h	13.193	+0.019%	$7.0M	$8.1M	50x	as long as short