Spread before costs (cost unknown: a leg has no order-book sample)+0.242%
7d average—if it closes, per $10,000$24funding while held, a day+$7.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni LINKUSDT | 12.983 | 0.0100 | pay 0.0013% / 1h | 34m 51s | $131K | $654K | 50x |
| Short | Reya LINKRUSDPERP | 13.014 | 0.0354 | get 0.0044% / 1h | 34m 51s | $4K | $400 | 20x |
ApeX Omni LINKUSDT
Reya LINKRUSDPERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $24.23
- Funding while held
- $7.61
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $15.84
- Spread needed to break even
- 0.160%
Slippage unknown: ApeX Omni: live order book, 20 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0254%
- Per $10,000 a day
- +$7.61
- Average in range /8h
- —
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, 20 min ago | 6.95 bp | 15.3 bp −$15 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective12.400cheapestedgeX12.972+4.609%
InjectiveApeX Omni12.983+4.702%
HTX12.985+4.720%Variational Omni12.993+4.785%Extended13.009+4.915%OKX13.011+4.927%Coinbase International13.012+4.935%Phoenix13.012+4.939%Bitget13.013+4.944%
HTX
Variational Omni
Extended
OKX
Coinbase International
Phoenix
BitgetReya13.014+4.955%
Bybit13.015+4.960%Lighter13.016+4.966%Binance13.016+4.968%BingX13.016+4.968%dYdX13.017+4.972%Paradex13.017+4.973%Nado13.017+4.976%Gate13.017+4.976%BloFin13.018+4.984%Derive13.020+4.997%MEXC13.020+5.000%Polymarket Perps13.020+5.000%Pacifica13.021+5.004%KuCoin13.021+5.008%SoDEX13.022+5.016%Aevo13.024+5.031%Deribit13.025+5.044%GMX13.026+5.045%Aster13.026+5.046%gTrade (Gains Network)13.026+5.047%Orderly13.026+5.048%Kalshi13.026+5.051%Kraken Futures13.026+5.051%Hyperliquid13.029+5.073%Backpack13.032+5.097%Arcus13.033+5.105%SunX13.034+5.110%Phemex13.037+5.137%
Bybit
Lighter
Binance
BingX
dYdX
Paradex
Nado
Gate
BloFin
Derive
MEXC
Polymarket Perps
Pacifica
KuCoin
SoDEX
Aevo
Deribit
GMX
Aster
gTrade (Gains Network)
Orderly
Kraken Futures
Hyperliquid
Backpack
Arcus
SunX
PhemexLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −4.490% | +0.0033% | 1h | $4K | $106K | 12x | as long as short |
| edgeX LINKUSDC | −0.088% | +0.0100% | 4h | $43K | $311K | 20x | as long as short |
| ApeX Omni LINKUSDTlong | 0.000% | +0.0100% | 1h | $131K | $654K | 50x | |
| HTX LINK-USDT | +0.018% | +0.0100% | 8h | $645K | $1.2M | 75x | as long as short |
| Variational Omni LINK | +0.079% | +0.0034% | 8h | $3.2M | $1.1M | — | as long as short |
| Extended LINK-USD | +0.204% | +0.0104% | 1h | $677K | $1.9M | 25x | as long as short |
| OKX LINK-USDT-SWAP | +0.216% | +0.0100% | 8h | $27.6M | $89.1M | 50x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.223% | +0.0056% | 1h | $960K | $2.7M | 50x | as long as short |
| Phoenix LINK | +0.226% | −0.0074% | 1h | $4K | $41K | 10x | as long as short |
| Bitget LINKUSDT | +0.231% | +0.0100% | 8h | $53.9M | $30.2M | 75x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya LINKRUSDPERPshort | +0.242% | +0.0354% | 1h | $4K | $400 | 20x | |
| Bybit LINKUSDT | +0.246% | +0.0054% | 8h | $80.4M | $61.3M | 75x | as long as short |
| Lighter LINK | +0.253% | +0.0096% | 1h | $2.0M | $2.9M | 10x | as long as short |
| Binance LINKUSDT | +0.254% | +0.0074% | 8h | $118.8M | $281.2M | 75x | as long as short |
| BingX LINK-USDT | +0.254% | +0.0100% | 8h | — | $19.1M | — | as long as short |
| dYdX LINK-USD | +0.258% | 0.0000% | 1h | $345K | $60K | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.259% | +0.0046% | 8h | $32K | $2K | 20x | as long as short |
| Nado LINK-PERP | +0.262% | +0.0100% | 1h | $427K | $360K | 10x | as long as short |
| Gate LINK_USDT | +0.262% | +0.0011% | 8h | $132.5M | $12.5M | 75x | as long as short |
| BloFin LINK-USDT | +0.270% | +0.0194% | 8h | $5.2M | $8.8M | 75x | as long as short |
| Derive LINK-PERP | +0.282% | +0.0100% | 1h | $28K | $8K | 10x | as long as short |
| MEXC LINK_USDT | +0.285% | +0.0073% | 8h | $32.5M | $56.3M | 300x | as long as short |
| Polymarket Perps LINK-USD | +0.285% | +0.0100% | 1h | $74K | $41K | 10x | as long as short |
| Pacifica LINK | +0.289% | +0.0100% | 1h | $277K | $166K | 10x | as long as short |
| KuCoin LINKUSDTM | +0.293% | +0.0100% | 8h | $21.4M | $17.9M | 75x | as long as short |
| SoDEX LINK-USD | +0.300% | +0.0025% | 1h | $8K | $45K | 10x | as long as short |
| Aevo LINK-PERP | +0.315% | +0.0096% | 1h | $548K | $340 | 3x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.327% | 0.0000% | 1h | $707K | $73K | 50x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.328% | L −0.0081% / S +0.0154% | 1h | $1.7M | — | 200x | as long as short |
| Aster LINKUSDT | +0.329% | +0.0100% | 8h | $1.4M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.330% | L +0.0003% / S −0.0012% | 1h | $151K | — | 150x | as long as short |
| Orderly PERP_LINK_USDC | +0.331% | +0.0099% | 8h | $224K | $1.5M | 20x | as long as short |
| Kalshi KXLINKPERP | +0.334% | 0.0000% | 8h | $448K | $2.2M | 3.7x | as long as short |
| Kraken Futures PF_LINKUSD | +0.334% | +0.0015% | 1h | $6.3M | $6.2M | 50x | as long as short |
| Hyperliquid LINK | +0.354% | +0.0100% | 1h | $78.8M | $21.2M | 10x | as long as short |
| Backpack LINK_USDC_PERP | +0.377% | +0.0111% | 1h | $387K | $360K | 15x | as long as short |
| Arcus LINK-USD | +0.385% | +0.0100% | 1h | $183K | $195K | 10x | as long as short |
| SunX LINK-USDT | +0.391% | +0.0100% | 8h | $34K | $1.6M | 30x | as long as short |
| Phemex LINKUSDT | +0.416% | +0.0334% | 8h | $20.4M | $11.2M | 50x | as long as short |