Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: SoDEX against Variational Omni+0.038%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.038% dearer against Variational Omni than usual: you sell high and buy low, +$4 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	12.938	0.0100	pay 0.0100% / 8h	3h 25m	$3.3M	$1.6M	—
Short	SoDEX LINK-USD	12.943	0.0100	get 0.0013% / 1h	25m 57s	$11K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → 0.000%: $3.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$4.22
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; SoDEX: 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	3.16 bp	doesn't fit	8.8 bp −$88	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	12.943	+0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.953	+0.117%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.944	+0.049%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.159%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.940	+0.015%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.990	+0.400%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.942	+0.034%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.947	+0.070%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.942	+0.034%	$391K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.945	+0.053%	$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	12.949	+0.087%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.943	+0.038%	$120.1M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.942	+0.030%	$83.6M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.946	+0.061%	$27.4M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.192%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.944	+0.046%	$128.2M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.947	+0.069%	$32.7M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.950	+0.092%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.943	+0.038%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.943	+0.038%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.947	+0.069%	$340K	$390K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.938	long leg	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.981	+0.328%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.976	+0.293%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.455%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.956	+0.138%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.941	+0.022%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.957	+0.147%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.943	+0.038%	$11K	$64K	10x
HTX LINK-USDT	+0.0100%	8h	12.924	−0.107%	$634K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.942	+0.032%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.944	+0.043%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.975	+0.285%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	12.947	+0.072%	$786K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.951	+0.100%	$5.3M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.946	+0.061%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0331%	1h	12.959	+0.161%	$81.0M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.941	+0.020%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0554%	8h	12.961	+0.177%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0787%	1h	12.948	+0.075%	$344K	$31K	10x	as long as short