Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Variational Omni against SoDEX+0.267%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.267% dearer against SoDEX than usual: you sell high and buy low, +$27 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	13.103	0.0100	pay 0.0013% / 1h	24m 13s	$5K	$36K	10x
Short	Variational Omni LINK	13.138	0.0100	get 0.0100% / 8h	24m 13s	$3.3M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.267%Rate

Funding earned: $0
Price spread: +0.267% → 0.000%: $26.7
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $18.7
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 5 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.12 bp	doesn't fit	8.8 bp −$88	doesn't fit	doesn't fit

SoDEX: 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 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 −0.0091% / S +0.0167%	1h	13.112	+0.072%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.141	+0.288%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.106	+0.023%	$723K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.115	+0.092%	$132K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+0.374%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.365%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.104	+0.008%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.102	−0.008%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.108	+0.041%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.118	+0.114%	$400K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.117	+0.105%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.116	+0.100%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.100	−0.023%	$121.8M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.098	−0.038%	$84.3M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.101	−0.015%	$27.6M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.128	+0.191%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.102	−0.008%	$130.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.100	−0.023%	$36.4M	$57.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.114	+0.084%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.099	−0.031%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.100	−0.023%	—	$6.6M	—	as long as short
Variational Omni LINKshort	+0.0100%	8h	13.138	+0.267%	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.140	+0.282%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+0.311%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.343%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.114	+0.084%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.107	+0.027%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.128	+0.188%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	13.103	long leg	$5K	$36K	10x
HTX LINK-USDT	+0.0100%	8h	13.108	+0.041%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.097	−0.047%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.106	+0.021%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.123	+0.153%	$993K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.115	+0.092%	$5.2M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0226%	1h	13.111	+0.061%	$362K	$377K	15x	as long as short
Hyperliquid LINK	+0.0281%	1h	13.119	+0.122%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.108	+0.036%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.113	+0.075%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0485%	8h	13.123	+0.153%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0629%	1h	13.113	+0.075%	$347K	$48K	10x	as long as short