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Price arb /

LINK

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Spread before costs (cost unknown: a leg has no order-book sample)−0.174%
7d average−0.021%if it closes, per $10,000$17funding while held, a day−$1.88
Long on DeribitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit LINK_USDC-PERPETUAL13.0160get 0.0000% / 1h28m 20s$695K$85K50x
ShortVariational Omni LINK12.993−0.0063pay 0.0063% / 8h7h 28m$3.2M$1.2M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$17.35
Funding while held
−$1.88
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$26.23
Spread needed to break even
0.070%
Slippage unknown: Deribit: live order book, 17 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0063%
Per $10,000 a day
−$1.88
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 17 min ago3.85 bp9.6 bp −$1016.3 bp −$163doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago3.14 bpdoesn't fit10.4 bp −$104doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestHTX12.983+4.698%
Variational Omni12.993+4.784%
Nado12.996+4.810%Phoenix13.002+4.852%OKX13.005+4.879%SoDEX13.006+4.887%Paradex13.008+4.900%Extended13.008+4.900%Derive13.008+4.901%Lighter13.008+4.903%Orderly13.008+4.903%Pacifica13.011+4.927%Bybit13.011+4.927%Coinbase International13.013+4.944%Kalshi13.013+4.944%Aevo13.013+4.947%BingX13.014+4.952%BloFin13.014+4.952%edgeX13.015+4.959%Kraken Futures13.015+4.959%Bitget13.015+4.960%Reya13.015+4.962%
Deribit13.016+4.966%
Gate13.016+4.968%Binance13.016+4.969%dYdX13.017+4.972%Polymarket Perps13.017+4.976%Aster13.017+4.977%MEXC13.018+4.984%SunX13.019+4.990%KuCoin13.020+5.000%gTrade (Gains Network)13.023+5.021%GMX13.023+5.028%Backpack13.025+5.040%Hyperliquid13.027+5.060%Arcus13.028+5.065%Phemex13.030+5.081%ApeX Omni13.040+5.161%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.731%+0.0033%1h$4K$75K12xas long as short
HTX LINK-USDT−0.255%−0.0027%8h$638K$1.0M75xas long as short
Variational Omni LINKshort−0.174%−0.0063%8h$3.2M$1.2M—
Nado LINK-PERP−0.148%+0.0100%1h$428K$362K10xas long as short
Phoenix LINK−0.109%−0.0061%1h$3K$49K10xas long as short
OKX LINK-USDT-SWAP−0.083%+0.0002%8h$27.4M$91.2M50xas long as short
SoDEX LINK-USD−0.075%−0.0062%1h$8K$38K10xas long as short
Paradex LINK-USD-PERP−0.063%+0.0046%8h$32K$2K20xas long as short
Extended LINK-USD−0.063%+0.0008%1h$677K$1.8M25xas long as short
Derive LINK-PERP−0.062%+0.0100%1h$28K$10K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter LINK−0.060%+0.0096%1h$1.9M$2.0M10xas long as short
Orderly PERP_LINK_USDC−0.060%+0.0088%8h$151K$1.7M20xas long as short
Pacifica LINK−0.037%+0.0100%1h$272K$166K10xas long as short
Bybit LINKUSDT−0.037%+0.0024%8h$80.6M$60.0M75xas long as short
Coinbase International LINK-PERP-INTX−0.022%+0.0072%1h$1.0M$2.7M50xas long as short
Kalshi KXLINKPERP−0.021%0.0000%8h$460K$2.2M3.7xas long as short
Aevo LINK-PERP−0.018%+0.0088%1h$547K$3403xas long as short
BingX LINK-USDT−0.014%+0.0100%8h—$20.7M—as long as short
BloFin LINK-USDT−0.014%+0.0150%8h$5.2M$13.1M75xas long as short
edgeX LINKUSDC−0.007%+0.0100%4h$43K$314K20xas long as short
Kraken Futures PF_LINKUSD−0.007%−0.0386%1h$6.1M$6.8M50xas long as short
Bitget LINKUSDT−0.006%+0.0100%8h$54.1M$30.4M75xas long as short
Reya LINKRUSDPERP−0.004%+0.0359%1h$4K$40020xas long as short
Deribit LINK_USDC-PERPETUALlong0.000%0.0000%1h$695K$85K50x
Gate LINK_USDT+0.002%+0.0081%8h$131.4M$12.0M75xas long as short
Binance LINKUSDT+0.002%+0.0036%8h$119.5M$289.9M75xas long as short
dYdX LINK-USD+0.005%0.0000%1h$345K$60K10xas long as short
Polymarket Perps LINK-USD+0.009%+0.0100%1h$78K$51K10xas long as short
Aster LINKUSDT+0.010%+0.0100%8h$1.4M$2.4M50xas long as short
MEXC LINK_USDT+0.017%+0.0037%8h$33.4M$57.4M300xas long as short
SunX LINK-USDT+0.023%+0.0100%8h$33K$1.6M30xas long as short
KuCoin LINKUSDTM+0.032%+0.0100%8h$21.5M$17.3M75xas long as short
gTrade (Gains Network) LINK/USD+0.052%L +0.0004% / S −0.0008%1h$190K—150xas long as short
GMX LINK/USD [LINK-USDC]+0.059%L −0.0089% / S +0.0161%1h$1.7M—200xas long as short
Backpack LINK_USDC_PERP+0.071%+0.0100%1h$365K$373K15xas long as short
Hyperliquid LINK+0.090%+0.0100%1h$76.9M$22.1M10xas long as short
Arcus LINK-USD+0.094%+0.0100%1h$183K$193K10xas long as short
Phemex LINKUSDT+0.109%+0.0418%8h$20.3M$11.2M50xas long as short
ApeX Omni LINKUSDT+0.186%+0.0100%1h$132K$656K50xas long as short