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Price arb /

LINK

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Spread before costs (cost unknown: a leg has no order-book sample)+0.355%
7d average+0.008%if it closes, per $10,000$35funding while held, a day+$1.95
Long on Variational OmniShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni LINK12.9070.0035pay 0.0035% / 8h1h 48m$3.2M$1.1M—
ShortKuCoin LINKUSDTM12.9530.0100get 0.0100% / 8h1h 48m$21.4M$17.9M75x

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
$35.48
Funding while held
$1.95
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$25.43
Spread needed to break even
0.120%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; KuCoin: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0065%
Per $10,000 a day
+$1.95
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 Variational Omni RFQ quote, 2 min ago3.10 bpdoesn't fit13.0 bp −$130doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago0.77 bp11.5 bp −$1216.5 bp −$16557.3 bp −$5,733doesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestedgeX12.893+3.977%ApeX Omni12.906+4.081%
Variational Omni12.907+4.090%
Phoenix12.911+4.119%dYdX12.933+4.295%Paradex12.934+4.304%Coinbase International12.937+4.331%Pacifica12.937+4.332%Nado12.939+4.351%BloFin12.942+4.371%Extended12.943+4.382%Reya12.944+4.389%HTX12.946+4.402%Kalshi12.948+4.416%Derive12.948+4.417%Bybit12.948+4.419%Gate12.948+4.419%Bitget12.948+4.419%BingX12.949+4.427%Polymarket Perps12.949+4.427%OKX12.950+4.435%Backpack12.951+4.444%SoDEX12.951+4.444%Lighter12.952+4.449%Aster12.953+4.456%GMX12.953+4.456%MEXC12.953+4.460%
KuCoin12.953+4.460%
gTrade (Gains Network)12.953+4.460%Arcus12.954+4.468%Orderly12.954+4.468%Aevo12.954+4.468%Binance12.954+4.470%Deribit12.955+4.479%Kraken Futures12.956+4.481%Hyperliquid12.958+4.500%SunX12.962+4.531%Phemex12.971+4.605%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−3.930%+0.0033%1h$4K$106K12xas long as short
edgeX LINKUSDC−0.109%+0.0100%4h$43K$311K20xas long as short
ApeX Omni LINKUSDT−0.009%−0.0071%1h$138K$647K50xas long as short
Variational Omni LINKlong0.000%+0.0035%8h$3.2M$1.1M—
Phoenix LINK+0.028%−0.0074%1h$4K$41K10xas long as short
dYdX LINK-USD+0.197%0.0000%1h$343K$60K10xas long as short
Paradex LINK-USD-PERP+0.205%+0.0041%8h$31K$2K20xas long as short
Coinbase International LINK-PERP-INTX+0.231%+0.0056%1h$957K$2.6M50xas long as short
Pacifica LINK+0.232%+0.0100%1h$273K$162K10xas long as short
Nado LINK-PERP+0.250%+0.0100%1h$426K$356K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin LINK-USDT+0.270%+0.0193%8h$5.2M$8.7M75xas long as short
Extended LINK-USD+0.280%+0.0104%1h$671K$1.9M25xas long as short
Reya LINKRUSDPERP+0.287%+0.0353%1h$4K$40020xas long as short
HTX LINK-USDT+0.300%+0.0100%8h$643K$1.2M75xas long as short
Kalshi KXLINKPERP+0.313%0.0000%8h$448K$2.1M3.7xas long as short
Derive LINK-PERP+0.314%+0.0100%1h$29K$6K10xas long as short
Bybit LINKUSDT+0.316%+0.0057%8h$80.2M$60.7M75xas long as short
Gate LINK_USDT+0.316%+0.0031%8h$131.7M$12.3M75xas long as short
Bitget LINKUSDT+0.316%+0.0100%8h$53.6M$30.2M75xas long as short
BingX LINK-USDC+0.324%+0.0100%8h—$6.6M—as long as short
Polymarket Perps LINK-USD+0.324%+0.0100%1h$76K$26K10xas long as short
OKX LINK-USDT-SWAP+0.332%+0.0100%8h$27.5M$87.9M50xas long as short
Backpack LINK_USDC_PERP+0.339%+0.0100%1h$385K$357K15xas long as short
SoDEX LINK-USD+0.339%+0.0022%1h$8K$45K10xas long as short
Lighter LINK+0.345%+0.0096%1h$2.0M$2.9M10xas long as short
Aster LINKUSDT+0.351%+0.0100%8h$1.4M$2.0M50xas long as short
GMX LINK/USD [LINK-USDC]+0.351%L −0.0081% / S +0.0153%1h$1.7M—200xas long as short
MEXC LINK_USDT+0.355%+0.0073%8h$32.2M$55.8M300xas long as short
KuCoin LINKUSDTMshort+0.355%+0.0100%8h$21.4M$17.9M75x
gTrade (Gains Network) LINK/USD+0.355%L +0.0003% / S −0.0012%1h$152K—150xas long as short
Arcus LINK-USD+0.363%+0.0100%1h$182K$195K10xas long as short
Orderly PERP_LINK_USDC+0.363%+0.0099%8h$217K$1.5M20xas long as short
Aevo LINK-PERP+0.363%+0.0096%1h$545K$3403xas long as short
Binance LINKUSDT+0.365%+0.0075%8h$117.6M$276.6M75xas long as short
Deribit LINK_USDC-PERPETUAL+0.373%0.0000%1h$703K$73K50xas long as short
Kraken Futures PF_LINKUSD+0.376%+0.0015%1h$6.3M$6.2M50xas long as short
Hyperliquid LINK+0.394%+0.0100%1h$78.4M$21.3M10xas long as short
SunX LINK-USDT+0.424%+0.0100%8h$33K$1.5M30xas long as short
Phemex LINKUSDT+0.494%+0.0321%8h$20.4M$11.2M50xas long as short