data as of
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Price arb /

LINK

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$59
spread now−0.210%7d average−0.032%fees + slippage, in and out−$41spread needed0.410%
Long on HyperliquidShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LINK13.0010.0100pay 0.0013% / 1h18m 43s$78.8M$20.5M10x
ShortApeX Omni LINKUSDT12.9740.0100get 0.0013% / 1h18m 43s$131K$653K50x

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
−$20.98
Funding while held
$0
Slippage, 4 orders
−$22.02
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$62.01
Spread needed to break even
0.410%
Slippage from Hyperliquid: live order book, 6 min ago; ApeX Omni: live order book, 31 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Hyperliquid live order book, 6 min ago0.39 bp4.9 bp −$59.4 bp −$94doesn't fitdoesn't fit
Sell ApeX Omni live order book, 31 min ago6.11 bp14.4 bp −$1493.8 bp −$938doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestVariational Omni12.946+4.406%edgeX12.968+4.579%HTX12.973+4.618%
ApeX Omni12.974+4.629%
Phoenix12.981+4.682%Nado12.983+4.706%Bybit12.984+4.710%OKX12.985+4.718%Coinbase International12.985+4.718%Paradex12.986+4.725%Lighter12.986+4.729%MEXC12.987+4.734%BingX12.987+4.734%Extended12.987+4.735%Binance12.988+4.741%KuCoin12.988+4.742%Gate12.989+4.750%Bitget12.989+4.750%Reya12.990+4.758%SoDEX12.992+4.774%Derive12.994+4.788%Pacifica12.994+4.790%Polymarket Perps12.994+4.790%BloFin12.995+4.798%dYdX12.996+4.806%Orderly12.997+4.815%Aevo12.997+4.815%Deribit12.999+4.828%Kraken Futures12.999+4.831%Aster12.999+4.831%gTrade (Gains Network)13.000+4.839%GMX13.000+4.840%
Hyperliquid13.001+4.849%
Kalshi13.002+4.853%Arcus13.004+4.871%SunX13.004+4.871%Backpack13.007+4.895%Phemex13.013+4.944%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.625%+0.0033%1h$4K$106K12xas long as short
Variational Omni LINK−0.422%−0.0039%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC−0.257%+0.0100%4h$43K$312K20xas long as short
HTX LINK-USDT−0.221%+0.0100%8h$644K$1.1M75xas long as short
ApeX Omni LINKUSDTshort−0.210%+0.0100%1h$131K$653K50x
Phoenix LINK−0.159%−0.0062%1h$3K$47K10xas long as short
Nado LINK-PERP−0.137%+0.0100%1h$429K$365K10xas long as short
Bybit LINKUSDT−0.133%−0.0012%8h$80.4M$60.7M75xas long as short
OKX LINK-USDT-SWAP−0.125%+0.0039%8h$27.5M$91.6M50xas long as short
Coinbase International LINK-PERP-INTX−0.125%+0.0088%1h$1.0M$2.7M50xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex LINK-USD-PERP−0.118%+0.0012%8h$31K$2K20xas long as short
Lighter LINK−0.114%+0.0048%1h$2.0M$2.0M10xas long as short
MEXC LINK_USDT−0.110%+0.0039%8h$34.7M$58.0M300xas long as short
BingX LINK-USDT−0.110%+0.0100%8h—$19.9M—as long as short
Extended LINK-USD−0.109%+0.0056%1h$673K$1.8M25xas long as short
Binance LINKUSDT−0.103%+0.0039%8h$118.6M$286.2M75xas long as short
KuCoin LINKUSDTM−0.102%+0.0100%8h$21.2M$17.4M75xas long as short
Gate LINK_USDT−0.094%−0.0008%8h$132.3M$12.6M75xas long as short
Bitget LINKUSDT−0.094%+0.0100%8h$54.2M$30.3M75xas long as short
Reya LINKRUSDPERP−0.087%+0.0357%1h$4K$40020xas long as short
SoDEX LINK-USD−0.071%−0.0098%1h$8K$42K10xas long as short
Derive LINK-PERP−0.058%+0.0100%1h$28K$10K10xas long as short
Pacifica LINK−0.056%+0.0100%1h$272K$168K10xas long as short
Polymarket Perps LINK-USD−0.056%+0.0100%1h$74K$44K10xas long as short
BloFin LINK-USDT−0.048%+0.0158%8h$5.2M$12.6M75xas long as short
dYdX LINK-USD−0.041%0.0000%1h$344K$60K10xas long as short
Orderly PERP_LINK_USDC−0.033%+0.0098%8h$185K$1.6M20xas long as short
Aevo LINK-PERP−0.033%+0.0088%1h$547K$3403xas long as short
Deribit LINK_USDC-PERPETUAL−0.020%0.0000%1h$698K$82K50xas long as short
Kraken Futures PF_LINKUSD−0.017%−0.0173%1h$6.1M$6.7M50xas long as short
Aster LINKUSDT−0.017%+0.0100%8h$1.5M$2.2M50xas long as short
gTrade (Gains Network) LINK/USD−0.010%L +0.0004% / S −0.0007%1h$177K—150xas long as short
GMX LINK/USD [LINK-USDC]−0.008%L −0.0087% / S +0.0158%1h$1.7M—200xas long as short
Hyperliquid LINKlong0.000%+0.0100%1h$78.8M$20.5M10x
Kalshi KXLINKPERP+0.004%0.0000%8h$459K$2.2M3.7xas long as short
Arcus LINK-USD+0.021%+0.0100%1h$183K$193K10xas long as short
SunX LINK-USDT+0.021%+0.0100%8h$33K$1.6M30xas long as short
Backpack LINK_USDC_PERP+0.044%+0.0100%1h$386K$370K15xas long as short
Phemex LINKUSDT+0.090%+0.0342%8h$20.3M$11.3M50xas long as short