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−$31
spread now+0.154%7d average−0.052%fees + slippage, in and out−$52spread needed0.515%
Long on PhemexShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LINKUSDT12.9990.0259pay 0.0259% / 8h7h 00m$20.2M$11.3M50x
ShortApeX Omni LINKUSDT13.0190.0100get 0.0013% / 1h0m 57s$132K$652K50x

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
$15.39
Funding while held
−$4.76
Slippage, 4 orders
−$29.53
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$40.91
Spread needed to break even
0.515%
Slippage from Phemex: live order book, 5 min ago; ApeX Omni: live order book, 44 min ago.

Cost of waiting

funding view
Funding /8h
−0.0159%
Per $10,000 a day
−$4.76
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 Phemex live order book, 5 min ago2.30 bp10.9 bp −$1115.2 bp −$152doesn't fitdoesn't fit
Sell ApeX Omni live order book, 44 min ago4.99 bp12.8 bp −$1399.5 bp −$995doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestBybit12.978+4.661%OKX12.979+4.669%Extended12.979+4.673%HTX12.979+4.673%Reya12.980+4.677%Binance12.982+4.690%Nado12.982+4.694%Derive12.982+4.694%Gate12.983+4.702%MEXC12.983+4.702%KuCoin12.983+4.702%BingX12.983+4.702%Paradex12.984+4.708%Pacifica12.984+4.710%Bitget12.984+4.710%SoDEX12.984+4.710%BloFin12.984+4.710%Aster12.985+4.718%Lighter12.985+4.718%Polymarket Perps12.986+4.726%Orderly12.986+4.726%Aevo12.989+4.754%Deribit12.991+4.762%Hyperliquid12.991+4.763%Kraken Futures12.992+4.773%GMX12.993+4.782%gTrade (Gains Network)12.993+4.783%dYdX12.994+4.790%Backpack12.996+4.806%Kalshi12.997+4.816%SunX12.998+4.826%
Phemex12.999+4.831%
Arcus13.000+4.839%edgeX13.005+4.880%Variational Omni13.005+4.882%Phoenix13.018+4.985%
ApeX Omni13.019+4.992%
Coinbase International13.027+5.056%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.608%+0.0033%1h$4K$75K12xas long as short
Bybit LINKUSDT−0.162%−0.0060%8h$80.4M$59.0M75xas long as short
OKX LINK-USDT-SWAP−0.154%−0.0036%8h$27.2M$90.4M50xas long as short
Extended LINK-USD−0.151%−0.0128%1h$676K$1.8M25xas long as short
HTX LINK-USDT−0.150%−0.0024%8h$628K$1.0M75xas long as short
Reya LINKRUSDPERP−0.146%+0.0361%1h$4K$40020xas long as short
Binance LINKUSDT−0.134%+0.0023%8h$118.5M$285.4M75xas long as short
Nado LINK-PERP−0.131%+0.0100%1h$428K$342K10xas long as short
Derive LINK-PERP−0.130%+0.0100%1h$27K$10K10xas long as short
Gate LINK_USDT−0.123%+0.0037%8h$131.0M$12.1M75xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC LINK_USDT−0.123%+0.0025%8h$33.1M$58.2M300xas long as short
KuCoin LINKUSDTM−0.123%+0.0100%8h$21.4M$16.8M75xas long as short
BingX LINK-USDT−0.123%+0.0100%8h—$20.0M—as long as short
Paradex LINK-USD-PERP−0.117%+0.0048%8h$31K$2K20xas long as short
Pacifica LINK−0.115%+0.0100%1h$271K$165K10xas long as short
Bitget LINKUSDT−0.115%+0.0098%8h$54.1M$29.5M75xas long as short
SoDEX LINK-USD−0.115%−0.0109%1h$8K$37K10xas long as short
BloFin LINK-USDT−0.115%+0.0091%8h$5.2M$13.1M75xas long as short
Aster LINKUSDT−0.107%+0.0100%8h$1.4M$2.4M50xas long as short
Lighter LINK−0.107%+0.0096%1h$1.9M$2.0M10xas long as short
Polymarket Perps LINK-USD−0.100%+0.0100%1h$77K$54K10xas long as short
Orderly PERP_LINK_USDC−0.100%+0.0072%8h$141K$1.7M20xas long as short
Aevo LINK-PERP−0.073%+0.0088%1h$546K$3403xas long as short
Deribit LINK_USDC-PERPETUAL−0.065%0.0000%1h$694K$91K50xas long as short
Hyperliquid LINK−0.064%+0.0100%1h$76.4M$22.1M10xas long as short
Kraken Futures PF_LINKUSD−0.055%−0.0386%1h$6.1M$6.5M50xas long as short
GMX LINK/USD [LINK-USDC]−0.047%L −0.0090% / S +0.0162%1h$1.7M—200xas long as short
gTrade (Gains Network) LINK/USD−0.045%L +0.0004% / S −0.0008%1h$195K—150xas long as short
dYdX LINK-USD−0.038%+0.0021%1h$344K$60K10xas long as short
Backpack LINK_USDC_PERP−0.023%+0.0100%1h$363K$364K15xas long as short
Kalshi KXLINKPERP−0.014%0.0000%8h$460K$2.2M3.7xas long as short
SunX LINK-USDT−0.005%+0.0100%8h$33K$1.5M30xas long as short
Phemex LINKUSDTlong0.000%+0.0259%8h$20.2M$11.3M50x
Arcus LINK-USD+0.008%+0.0100%1h$183K$185K10xas long as short
edgeX LINKUSDC+0.047%+0.0100%4h$43K$310K20xas long as short
Variational Omni LINK+0.049%−0.0068%8h$3.2M$1.2M—as long as short
Phoenix LINK+0.147%−0.0061%1h$3K$49K10xas long as short
ApeX Omni LINKUSDTshort+0.154%+0.0100%1h$132K$652K50x
Coinbase International LINK-PERP-INTX+0.215%+0.0072%1h$1.0M$2.6M50xas long as short