LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.025%

Price spread now: ApeX Omni against Phoenix−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.029% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 46 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.220% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	12.952	0.0049	pay 0.0006% / 1h	23m 19s	$3K	$81K	10x
Short	ApeX Omni LINKUSDT	12.948	0.0100	get 0.0013% / 1h	23m 19s	$103K	$682K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.029%Rate

Funding earned: $10.62
Price spread: −0.029% → 0.000%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.32
Costs to cover: 0.170%
Break-even: 13.1 days

Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 13 min ago. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 13 min ago	6.21 bp	15.2 bp −$15	100.7 bp −$1,007	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 exchanges

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
Orderly PERP_LINK_USDC	−0.0301%	8h	12.913	−0.300%	$83K	$685K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0029% / S +0.0086%	1h	12.917	−0.273%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.921	−0.241%	$477K	$2.0M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.916	−0.275%	$114K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.260%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0039%	8h	12.940	−0.093%	$3.4M	$1.7M	—	as long as short
Phoenix LINKlong	+0.0049%	1h	12.952	long leg	$3K	$81K	10x
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	12.925	−0.203%	$899K	$373K	50x	as long as short
Bybit LINKUSDT	+0.0081%	8h	12.927	−0.191%	$83.9M	$66.2M	75x	as long as short
Lighter LINK	+0.0096%	1h	12.925	−0.206%	$1.9M	$2.3M	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	12.914	−0.295%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.918	−0.257%	$348K	$260K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.922	−0.230%	$81.7M	$24.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.928	−0.180%	$1.1M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.920	−0.246%	$274K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.929	−0.176%	$120.6M	$259.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.932	−0.153%	$27.6M	$72.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.932	−0.153%	$181K	$81K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.912	−0.307%	$133.0M	$17.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.931	−0.161%	$35.7M	$51.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.929	−0.176%	$23.5M	$11.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.920	−0.246%	$54.1M	$24.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.916	−0.276%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.928	−0.184%	$322K	$345K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.935	−0.133%	$39K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.934	−0.139%	$585K	$3.2M	10x	as long as short
ApeX Omni LINKUSDTshort	+0.0100%	1h	12.948	−0.029%	$103K	$682K	50x
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	−0.253%	$82K	$59K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	−0.256%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.934	−0.140%	$33K	$1.1M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.922	−0.230%	$11K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.398%	$592K	$725K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.917	−0.272%	$603K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.922	−0.228%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0112%	1h	12.919	−0.253%	$989K	$3.0M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0152%	1h	12.928	−0.181%	$6.7M	$7.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.924	−0.215%	$5.4M	$15.1M	75x	as long as short
Phemex LINKUSDT	+0.0375%	8h	12.936	−0.122%	$20.0M	$9.7M	50x	as long as short
Reya LINKRUSDPERP	+0.0414%	1h	12.907	−0.349%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0478%	1h	12.918	−0.264%	$347K	$19K	10x	as long as short