Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against edgeX+0.095%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.095%, 7d avg +0.067%

Together, before fees−0.029%+ Points / potential airdropedgeX: Active · farm board−$3 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: ApeX Omni is 0.029% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.027	0.0100	pay 0.0050% / 4h	1h 57m	$43K	$307K	20x
Short	ApeX Omni LINKUSDT	13.039	0.0100	get 0.0013% / 1h	57m 29s	$134K	$672K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.067%: $2.87
Slippage, 4 orders: −$21.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$38.03
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; ApeX Omni: 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 edgeX live order book, 6 min ago	2.30 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	5.76 bp	13.8 bp −$14	108.9 bp −$1,089	doesn't fit	doesn't fit

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	13.000	−0.204%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	12.979	−0.367%	$344K	$30K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.014	−0.095%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.002	−0.189%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.810%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	+0.028%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.018	−0.066%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.997	−0.227%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.979	−0.365%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.979	−0.362%	$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	12.977	−0.377%	$395K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.982	−0.340%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.980	−0.355%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.981	−0.350%	$119.4M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.974	−0.404%	$84.0M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.976	−0.388%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.998	−0.219%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.976	−0.388%	$128.0M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.979	−0.365%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.981	−0.350%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.978	−0.373%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.976	−0.388%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.994	−0.250%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.019	−0.056%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.027	long leg	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	−0.025%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	13.039	+0.095%	$134K	$672K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.984	−0.327%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.000	−0.207%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.033%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.999	−0.212%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.010	−0.129%	$642K	$687K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.971	−0.426%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.000	−0.208%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0242%	1h	13.005	−0.163%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.975	−0.396%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0541%	1h	12.995	−0.239%	$81.2M	$26.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.000	−0.207%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.007	−0.150%	$20.1M	$11.6M	50x	as long as short