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Price arb /

LINK

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Spread before costs (cost unknown: a leg has no order-book sample)−0.384%
7d average−0.008%if it closes, per $10,000$38funding while held, a day−$2.51
Long on PacificaShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica LINK13.0510.0100pay 0.0013% / 1h8m 28s$273K$169K10x
ShortVariational Omni LINK13.0010.0016get 0.0016% / 8h1h 08m$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
−$38.38
Funding while held
−$2.51
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$48.9
Spread needed to break even
0.080%
Slippage unknown: Pacifica: live order book, 46 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0084%
Per $10,000 a day
−$2.51
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 Pacifica live order book, 46 min ago4.63 bp12.1 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago3.12 bpdoesn't fit13.4 bp −$134doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestedgeX12.967+4.571%
Variational Omni13.001+4.844%
Phoenix13.007+4.898%HTX13.016+4.969%ApeX Omni13.022+5.016%Kalshi13.030+5.085%Derive13.031+5.090%Extended13.032+5.097%Coinbase International13.035+5.121%gTrade (Gains Network)13.036+5.131%Orderly13.037+5.137%SoDEX13.037+5.137%BloFin13.037+5.137%Kraken Futures13.038+5.143%Paradex13.038+5.148%Deribit13.039+5.154%Reya13.040+5.158%GMX13.040+5.159%BingX13.040+5.161%MEXC13.041+5.169%Aevo13.043+5.183%SunX13.044+5.195%OKX13.046+5.210%Gate13.046+5.210%Polymarket Perps13.046+5.210%Bitget13.047+5.218%dYdX13.047+5.221%Backpack13.048+5.226%Bybit13.049+5.234%Lighter13.049+5.237%Nado13.050+5.238%
Pacifica13.051+5.248%
KuCoin13.052+5.258%Binance13.053+5.266%Aster13.053+5.267%Arcus13.054+5.274%Phemex13.055+5.282%Hyperliquid13.059+5.315%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.987%+0.0033%1h$4K$106K12xas long as short
edgeX LINKUSDC−0.644%+0.0100%4h$43K$310K20xas long as short
Variational Omni LINKshort−0.384%+0.0016%8h$3.2M$1.2M—
Phoenix LINK−0.333%−0.0074%1h$4K$41K10xas long as short
HTX LINK-USDT−0.266%+0.0100%8h$646K$1.2M75xas long as short
ApeX Omni LINKUSDT−0.221%+0.0100%1h$132K$655K50xas long as short
Kalshi KXLINKPERP−0.156%0.0000%8h$448K$2.2M3.7xas long as short
Derive LINK-PERP−0.150%+0.0100%1h$28K$10K10xas long as short
Extended LINK-USD−0.144%+0.0104%1h$681K$1.9M25xas long as short
Coinbase International LINK-PERP-INTX−0.121%+0.0056%1h$964K$2.6M50xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) LINK/USD−0.111%L +0.0003% / S −0.0007%1h$177K—150xas long as short
Orderly PERP_LINK_USDC−0.106%+0.0099%8h$222K$1.5M20xas long as short
SoDEX LINK-USD−0.106%−0.0012%1h$8K$45K10xas long as short
BloFin LINK-USDT−0.106%+0.0184%8h$5.2M$10.5M75xas long as short
Kraken Futures PF_LINKUSD−0.100%+0.0015%1h$6.1M$6.8M50xas long as short
Paradex LINK-USD-PERP−0.095%+0.0044%8h$32K$2K20xas long as short
Deribit LINK_USDC-PERPETUAL−0.090%0.0000%1h$704K$76K50xas long as short
Reya LINKRUSDPERP−0.086%+0.0355%1h$4K$40020xas long as short
GMX LINK/USD [LINK-USDC]−0.084%L −0.0012% / S +0.0076%1h$1.8M—200xas long as short
BingX LINK-USDT−0.083%+0.0100%8h—$19.3M—as long as short
MEXC LINK_USDT−0.075%+0.0064%8h$33.7M$57.5M300xas long as short
Aevo LINK-PERP−0.062%+0.0096%1h$549K$3403xas long as short
SunX LINK-USDT−0.051%+0.0100%8h$33K$1.6M30xas long as short
OKX LINK-USDT-SWAP−0.037%+0.0100%8h$27.7M$89.5M50xas long as short
Gate LINK_USDT−0.037%+0.0003%8h$132.9M$12.7M75xas long as short
Polymarket Perps LINK-USD−0.037%+0.0100%1h$74K$44K10xas long as short
Bitget LINKUSDT−0.029%+0.0100%8h$54.1M$30.2M75xas long as short
dYdX LINK-USD−0.026%0.0000%1h$346K$60K10xas long as short
Backpack LINK_USDC_PERP−0.021%+0.0100%1h$388K$360K15xas long as short
Bybit LINKUSDT−0.014%+0.0031%8h$80.7M$61.4M75xas long as short
Lighter LINK−0.011%+0.0096%1h$2.0M$3.0M10xas long as short
Nado LINK-PERP−0.010%+0.0100%1h$429K$360K10xas long as short
Pacifica LINKlong0.000%+0.0100%1h$273K$169K10x
KuCoin LINKUSDTM+0.009%+0.0100%8h$21.5M$17.9M75xas long as short
Binance LINKUSDT+0.017%+0.0064%8h$119.0M$282.3M75xas long as short
Aster LINKUSDT+0.018%+0.0100%8h$1.4M$2.0M50xas long as short
Arcus LINK-USD+0.025%+0.0100%1h$184K$197K10xas long as short
Phemex LINKUSDT+0.032%+0.0345%8h$20.4M$11.3M50xas long as short
Hyperliquid LINK+0.063%+0.0100%1h$79.2M$20.7M10xas long as short