LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h −0.040%

Price spread now: Phoenix against ApeX Omni−0.107%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.107% cheaper against ApeX Omni than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LINKUSDT	13.038	0.0100	pay 0.0013% / 1h	20m 38s	$134K	$675K	50x
Short	Phoenix LINK	13.024	0.0049	get 0.0006% / 1h	20m 38s	$3K	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$10.72
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$38.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 48 min ago; Phoenix: 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 ApeX Omni live order book, 48 min ago	6.07 bp	14.1 bp −$14	81.8 bp −$818	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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	13.009	−0.219%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.024	−0.110%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.010	−0.218%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.893%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0042%	1h	13.012	−0.201%	$773K	$212K	50x	as long as short
Phoenix LINKshort	+0.0049%	1h	13.024	−0.107%	$3K	$86K	10x
Orderly PERP_LINK_USDC	+0.0068%	8h	13.003	−0.268%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.049	+0.084%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.995	−0.330%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.993	−0.348%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.013	−0.188%	$396K	$322K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.002	−0.276%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.995	−0.331%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.993	−0.345%	$119.3M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.989	−0.376%	$83.9M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.995	−0.330%	$27.4M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	−0.207%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.990	−0.368%	$128.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.993	−0.345%	$33.0M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.997	−0.314%	$22.5M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.991	−0.360%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.993	−0.345%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	−0.252%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.033	−0.035%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.032	−0.046%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTlong	+0.0100%	1h	13.038	long leg	$134K	$675K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.018	−0.153%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.006	−0.246%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.026	−0.092%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.005	−0.253%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.004	−0.262%	$641K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.989	−0.375%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.009	−0.222%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.007	−0.238%	$338K	$386K	15x	as long as short
dYdX LINK-USD	+0.0298%	1h	12.993	−0.346%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.010	−0.216%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0448%	1h	13.011	−0.208%	$80.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.009	−0.222%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0608%	8h	13.019	−0.146%	$20.1M	$11.5M	50x	as long as short