Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: edgeX against Variational Omni+0.237%89s7-day average −0.003% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.191%−$19 · spread now +0.237%, 7d avg −0.003%

Together, before fees−0.154%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$15 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: edgeX is 0.240% dearer against Variational Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.116	0.0100	pay 0.0100% / 8h	1h 30m	$3.3M	$1.5M	—
Short	edgeX LINKUSDC	13.147	0.0100	get 0.0050% / 4h	1h 30m	$44K	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now +0.237%Rate

Funding earned: $0
Price spread: +0.237% → −0.003%: $24.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $15.01
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 53 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 Variational Omni RFQ quote, 4 min ago	3.12 bp	doesn't fit	10.0 bp −$100	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	2.28 bp	6.8 bp −$7	10.1 bp −$101	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	13.117	+0.007%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.107	−0.066%	$347K	$48K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.127	+0.086%	$460K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.120	+0.032%	$716K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.117	+0.007%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.458%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.134	+0.136%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.113	−0.022%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.122	+0.048%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.103	−0.098%	$32K	$3K	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	13.106	−0.075%	$398K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.129	+0.100%	$77.4M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.118	+0.016%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.105	−0.083%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.118	+0.016%	$121.7M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.120	+0.032%	$84.6M	$70.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.120	+0.032%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.123	+0.054%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.119	+0.024%	$130.2M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.115	−0.007%	$36.3M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.121	+0.039%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.120	+0.032%	$54.6M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.116	+0.001%	—	$21.5M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.116	long leg	$3.3M	$1.5M	—
edgeX LINKUSDCshort	+0.0100%	4h	13.147	+0.237%	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.146	+0.230%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.154	+0.291%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.115	−0.007%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.113	−0.019%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.131	+0.116%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.116	+0.001%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.097	−0.142%	$644K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.118	+0.016%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.117	+0.011%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.122	+0.047%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0174%	1h	13.126	+0.077%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.097	−0.144%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.112	−0.030%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0476%	8h	13.121	+0.039%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.127	+0.082%	$6.9M	$8.1M	50x	as long as short