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: ApeX Omni against Coinbase International−0.353%75s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as 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−$540.541% of the position

Long on Coinbase International Short on ApeX Omni

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)+0.334%+$33 · spread now −0.353%, 7d avg +0.027%

Together, before fees+0.408%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.380% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.353% now, against its 7-day average of +0.027%). If the spread goes back, that is −$38 on $10k: about 45 days of funding at the current rate (+$1 a day). The two prices were read 75 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	Coinbase International LINK-PERP-INTX	13.031	0.0072	pay 0.0009% / 1h	47m 48s	$957K	$2.7M	50x
Short	ApeX Omni LINKUSDT	12.985	0.0100	get 0.0013% / 1h	47m 48s	$134K	$681K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.353%Rate

Funding earned: $5.88
Price spread: −0.353% → +0.027%: −$37.99
Slippage, 4 orders: −$34.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$86.21
Costs to cover: 0.541%
Break-even: 109.6 days

Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: live order book, 20 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 Coinbase International live order book, 1 min ago	3.46 bp	11.7 bp −$12	16.4 bp −$164	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 20 min ago	6.07 bp	14.1 bp −$14	110.3 bp −$1,103	doesn't fit	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	13.003	−0.217%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.008	−0.174%	$463K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.003	−0.217%	$150K	—	150x	as long as short
dYdX LINK-USD	+0.0027%	1h	13.010	−0.158%	$345K	$48K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.842%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	−0.067%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.006	−0.192%	$122K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0072%	1h	13.031	long leg	$957K	$2.7M	50x
Lighter LINK	+0.0096%	1h	13.010	−0.164%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.060	+0.223%	$31K	$2K	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	13.007	−0.188%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.018	−0.099%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.024	−0.053%	$276K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.011	−0.154%	$120.3M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.010	−0.161%	$83.8M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.011	−0.153%	$27.3M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.031	0.000%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.014	−0.130%	$128.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	−0.161%	$35.1M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.014	−0.130%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.012	−0.146%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.010	−0.161%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.021	−0.077%	$342K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.991	−0.303%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.389%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.984	−0.364%	$584K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.985	−0.353%	$134K	$681K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	13.016	−0.115%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	−0.168%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.028	−0.019%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.011	−0.153%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.000	−0.236%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.007	−0.183%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.011	−0.157%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.015	−0.119%	$773K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.207%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.000	−0.241%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0471%	1h	13.025	−0.046%	$80.0M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.016	−0.113%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0578%	8h	13.030	−0.008%	$20.1M	$11.5M	50x	as long as short