LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.027%

Price spread now: dYdX against ApeX Omni+0.052%50s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2902.903% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)−0.317%−$32 · spread now +0.052%, 7d avg −0.043%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.095% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.043%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you. The two prices were read 50 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	ApeX Omni LINKUSDT	13.126	0.0100	pay 0.0013% / 1h	59m 53s	$153K	$665K	50x
Short	dYdX LINK-USD	13.133	0.0012	get 0.0002% / 1h	59m 53s	$348K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$18.48
Price spread: +0.052% → −0.043%: $9.49
Slippage, 4 orders: −$270.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$299.26
Costs to cover: 2.903%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; dYdX: live order book, 24 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, 23 min ago	6.08 bp	13.5 bp −$14	76.1 bp −$761	doesn't fit	doesn't fit
Sell dYdX live order book, 24 min ago	125.69 bp	130.7 bp −$131	130.7 bp −$1,307	133.9 bp −$13.4K	195.3 bp −$97.6K

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 −0.0090% / S +0.0167%	1h	13.134	+0.059%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.141	+0.112%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.137	+0.082%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.134	+0.065%	$133K	—	150x	as long as short
dYdX LINK-USDshort	+0.0012%	1h	13.133	+0.052%	$348K	$60K	10x
Phoenix LINK	+0.0018%	1h	13.132	+0.049%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.531%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.131	+0.038%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.134	+0.060%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.128	+0.015%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.130	+0.034%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.140	+0.109%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.133	+0.055%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.133	+0.056%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.125	−0.008%	$121.5M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.124	−0.015%	$84.5M	$69.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.122	−0.030%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.148	+0.168%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.131	+0.038%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.121	−0.038%	$36.5M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.130	+0.030%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.126	0.000%	$54.3M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.115	−0.084%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.143	+0.130%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.135	+0.065%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.108%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.126	long leg	$153K	$665K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.137	+0.084%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.129	+0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.152	+0.197%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.130	+0.030%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.075	−0.386%	$643K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.122	−0.031%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	+0.083%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.150	+0.183%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.138	+0.091%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	+0.175%	$5.3M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.134	+0.057%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0482%	8h	13.148	+0.168%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.136	+0.074%	$6.9M	$8.0M	50x	as long as short