Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Variational Omni against SunX+0.027%7-day average −0.123% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.027%, 7d avg −0.123%

Together, before fees−0.394%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.150% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.967	0.0100	pay 0.0100% / 8h	5h 38m	$33K	$1.5M	30x
Short	Variational Omni LINK	12.971	0.0100	get 0.0100% / 8h	5h 38m	$3.4M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.123%: $14.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.98
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 7 min ago; Variational Omni: RFQ quote, 1 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 SunX live order book, 7 min ago	13.66 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.13 bp	doesn't fit	15.6 bp −$156	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	12.955	−0.094%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	−0.037%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.955	−0.099%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.376%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0043%	1h	12.959	−0.063%	$770K	$183K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.976	+0.066%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	12.952	−0.120%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.954	−0.103%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	+0.119%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.967	−0.007%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.963	−0.035%	$394K	$315K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.960	−0.058%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.971	+0.025%	$274K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.948	−0.148%	$119.4M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.944	−0.181%	$83.7M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	−0.181%	$27.3M	$81.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.983	+0.120%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.956	−0.089%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.150%	$31.9M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.960	−0.058%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.943	−0.189%	$53.9M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.946	−0.166%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.952	−0.120%	$338K	$378K	15x	as long as short
Variational Omni LINKshort	+0.0100%	8h	12.971	+0.027%	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.977	+0.075%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.332%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.335%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	−0.058%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.955	−0.093%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.967	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.954	−0.104%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.962	−0.044%	$639K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.950	−0.132%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.955	−0.096%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	−0.012%	$5.2M	$15.7M	75x	as long as short
dYdX LINK-USD	+0.0375%	1h	12.967	−0.004%	$343K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.951	−0.125%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0556%	1h	12.956	−0.090%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0606%	8h	12.968	+0.004%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0653%	1h	12.973	+0.045%	$81.1M	$27.0M	10x	as long as short