LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against ApeX Omni−0.230%78s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$340.338% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)−0.614%−$61 · spread now −0.230%, 7d avg −0.070%

Together, before fees−0.763%+ Points / potential airdropLighter: Season 3 · farm board−$76 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: Lighter is 0.160% cheaper against ApeX Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 78 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	13.024	0.0100	pay 0.0013% / 1h	45m 56s	$134K	$681K	50x
Short	Lighter LINK	12.994	0.0096	get 0.0012% / 1h	45m 56s	$1.9M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.230%Rate

Funding earned: −$0.84
Price spread: −0.230% → −0.070%: −$16.03
Slippage, 4 orders: −$23.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$50.63
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; Lighter: live order book, 6 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, 22 min ago	6.07 bp	14.1 bp −$14	81.8 bp −$818	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.21 bp	2.3 bp −$2	13.7 bp −$137	79.3 bp −$7,933	doesn't fit

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	12.989	−0.266%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.000	−0.181%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.998	−0.201%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.990	−0.263%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0030%	1h	12.996	−0.214%	$344K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.791%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	−0.013%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.986	−0.292%	$120K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.993	−0.238%	$955K	$2.7M	50x	as long as short
Lighter LINKshort	+0.0096%	1h	12.994	−0.230%	$1.9M	$2.7M	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0099%	8h	13.054	+0.228%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.999	−0.188%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.997	−0.208%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.999	−0.191%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.987	−0.284%	$120.1M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.977	−0.361%	$83.7M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.977	−0.361%	$27.2M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	−0.100%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.991	−0.253%	$128.5M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.980	−0.338%	$35.2M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.989	−0.269%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.971	−0.407%	$53.7M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.991	−0.253%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	−0.215%	$341K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.273%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.017	−0.054%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.013	−0.084%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.024	long leg	$134K	$681K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	−0.215%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.990	−0.261%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.004	−0.157%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.992	−0.246%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.977	−0.362%	$640K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.973	−0.394%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.995	−0.223%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.154%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.987	−0.283%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0453%	1h	13.007	−0.131%	$79.9M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.999	−0.195%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0557%	8h	13.009	−0.115%	$20.1M	$11.5M	50x	as long as short