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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Variational Omni−0.156%7-day average +0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.156%, 7d avg +0.009%

Together, before fees+0.183%+ Points / potential airdropVariational Omni: Active · farm board+$18 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: KuCoin is 0.165% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.034	0.0100	pay 0.0100% / 8h	5h 56m	$3.4M	$1.6M	—
Short	KuCoin LINKUSDTM	13.014	0.0100	get 0.0100% / 8h	5h 56m	$23.1M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → +0.009%: −$16.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: 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, 3 min ago	3.11 bp	doesn't fit	8.7 bp −$87	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.15 bp	10.5 bp −$11	15.2 bp −$152	59.2 bp −$5,917	doesn't fit

LINK on 39 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	13.036	+0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.992	−0.323%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.031	−0.025%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.867%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	−0.032%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.004	−0.233%	$952K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.030	−0.033%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.024	−0.076%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.039	+0.038%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.033	−0.010%	$396K	$316K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.021	−0.100%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	−0.018%	$275K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.006	−0.216%	$119.7M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.001	−0.256%	$84.1M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.014	−0.156%	$27.4M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.052	+0.135%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.014	−0.156%	$128.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.013	−0.164%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.014	−0.156%	$23.1M	$13.7M	75x
Bitget LINKUSDT	+0.0100%	8h	13.013	−0.164%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.003	−0.241%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.025	−0.072%	$340K	$378K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.034	long leg	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.060%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	−0.085%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	+0.036%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.046	+0.089%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.030	−0.031%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.054	+0.151%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.030	−0.033%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.024	−0.083%	$642K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.008	−0.200%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	−0.011%	$547K	$2K	3x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.035	+0.008%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0479%	1h	13.036	+0.011%	$774K	$212K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.032	−0.015%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0567%	8h	13.036	+0.013%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0624%	1h	13.034	−0.003%	$81.5M	$26.5M	10x	as long as short
dYdX LINK-USD	+0.0632%	1h	13.023	−0.088%	$345K	$30K	10x	as long as short