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 +0.008%

Price spread now: Paradex against Variational Omni+0.117%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Paradex

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 airdropVariational Omni: Active · Paradex: 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: Paradex is 0.117% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.823	0.0100	pay 0.0100% / 8h	20m 44s	$3.3M	$1.8M	—
Short	Paradex LINK-USD-PERP	12.838	0.0100	get 0.0100% / 8h	20m 44s	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$0.02
Price spread: +0.117% → 0.000%: $11.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $7.69
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Paradex: no order-book sample. 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	3.12 bp	doesn't fit	8.5 bp −$85	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 −0.0087% / S +0.0165%	1h	12.832	+0.066%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0083%	8h	12.825	+0.014%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.838	+0.117%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.832	+0.066%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.301%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.842	+0.150%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.834	+0.088%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.838	+0.117%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.832	+0.072%	$345K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.844	+0.162%	$80.2M	$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	12.837	+0.106%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.836	+0.102%	$273K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.837	+0.108%	$118.7M	$299.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.831	+0.060%	$83.0M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.837	+0.107%	$27.0M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.853	+0.232%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.833	+0.076%	$132.0M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.839	+0.123%	$34.4M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.833	+0.076%	$22.6M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.831	+0.060%	$53.6M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.830	+0.053%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.837	+0.107%	$333K	$386K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.823	long leg	$3.3M	$1.8M	—
edgeX LINKUSDC	+0.0100%	4h	12.838	+0.116%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	+0.124%	$574K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.845	+0.170%	$131K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.837	+0.107%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	+0.077%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.849	+0.202%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.831	+0.060%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.821	−0.018%	$626K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0103%	1h	12.833	+0.078%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.827	+0.032%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.836	+0.102%	$538K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.842	+0.146%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.838	+0.115%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0241%	1h	12.838	+0.113%	$803K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.825	+0.017%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.846	+0.177%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0636%	1h	12.833	+0.078%	$342K	$45K	10x	as long as short