Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: edgeX against Variational Omni+0.075%104s7-day average +0.005% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.075%, 7d avg +0.005%

Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$1 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: edgeX is 0.070% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 104 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	Variational Omni LINK	13.016	0.0100	pay 0.0100% / 8h	3h 49m	$3.4M	$1.7M	—
Short	edgeX LINKUSDC	13.026	0.0100	get 0.0050% / 4h	3h 49m	$43K	$306K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.005%: $7.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.96
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 3 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 Variational Omni RFQ quote, 4 min ago	3.12 bp	doesn't fit	8.3 bp −$83	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	2.30 bp	6.8 bp −$7	10.1 bp −$101	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 −0.0089% / S +0.0166%	1h	12.998	−0.138%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.002	−0.105%	$499K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.998	−0.137%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.734%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.996	−0.155%	$117K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.045	+0.223%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.997	−0.144%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.001	−0.114%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.007	−0.075%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.002	−0.109%	$1.3M	$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	13.005	−0.083%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.998	−0.140%	$120.9M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.995	−0.163%	$84.0M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.999	−0.132%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.018	+0.014%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.001	−0.117%	$128.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.000	−0.125%	$32.9M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.005	−0.086%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.997	−0.148%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.000	−0.125%	—	$22.5M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.016	long leg	$3.4M	$1.7M	—
edgeX LINKUSDCshort	+0.0100%	4h	13.026	+0.075%	$43K	$306K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.045	+0.221%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.137%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.004	−0.094%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.997	−0.149%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	−0.031%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.000	−0.125%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.986	−0.231%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.995	−0.160%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.999	−0.128%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.014	−0.017%	$948K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	13.004	−0.098%	$782K	$202K	50x	as long as short
dYdX LINK-USD	+0.0171%	1h	13.001	−0.114%	$344K	$30K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0180%	1h	13.011	−0.040%	$343K	$390K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.011	−0.040%	$5.2M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.006	−0.075%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0391%	1h	13.014	−0.017%	$81.5M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.998	−0.144%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0534%	8h	13.016	−0.002%	$20.1M	$11.3M	50x	as long as short