LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.007%

Price spread now: Coinbase International against ApeX Omni−0.054%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.054%, 7d avg −0.027%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	13.037	0.0100	pay 0.0013% / 1h	0m 32s	$134K	$672K	50x
Short	Coinbase International LINK-PERP-INTX	13.030	0.0072	get 0.0009% / 1h	0m 32s	$954K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$5.88
Price spread: −0.054% → −0.027%: −$2.67
Slippage, 4 orders: −$31.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.72
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Coinbase International: live order book, 3 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 ApeX Omni live order book, 3 min ago	5.76 bp	13.4 bp −$13	66.7 bp −$667	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.92 bp	11.7 bp −$12	14.6 bp −$146	doesn't fit	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	13.024	−0.102%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.035	−0.018%	$470K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.025	−0.092%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.886%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	−0.052%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.024	−0.100%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0072%	1h	13.030	−0.054%	$954K	$2.6M	50x
Lighter LINK	+0.0096%	1h	13.021	−0.123%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.021	−0.122%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.019	−0.134%	$396K	$317K	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	13.029	−0.060%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.023	−0.106%	$276K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.020	−0.130%	$119.7M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.016	−0.161%	$84.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.017	−0.153%	$27.5M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.038	+0.008%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.023	−0.107%	$128.5M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.023	−0.107%	$33.1M	$59.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.027	−0.077%	$23.1M	$13.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.023	−0.107%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.019	−0.138%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	−0.136%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.031	−0.043%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	−0.010%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.037	long leg	$134K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.030	−0.054%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.025	−0.091%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.036	−0.006%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.027	−0.077%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	−0.197%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.015	−0.169%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.022	−0.115%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0144%	1h	13.030	−0.054%	$339K	$378K	15x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	13.022	−0.115%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0409%	1h	13.022	−0.112%	$345K	$30K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0472%	1h	13.030	−0.050%	$774K	$212K	50x	as long as short
Hyperliquid LINK	+0.0490%	1h	13.041	+0.031%	$81.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.030	−0.057%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0625%	8h	13.044	+0.054%	$20.1M	$11.5M	50x	as long as short