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: Pacifica against Variational Omni+0.418%7-day average +0.009% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.688%−$69 · spread now +0.418%, 7d avg +0.009%

Together, before fees−0.647%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$65 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: Pacifica is 0.409% dearer against Variational Omni than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	13.086	0.0100	pay 0.0100% / 8h	3m 06s	$3.3M	$1.6M	—
Short	Pacifica LINK	13.140	0.0100	get 0.0013% / 1h	3m 06s	$276K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.418%Rate

Funding earned: $0
Price spread: +0.418% → +0.009%: $40.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $32.9
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, 10 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, 1 min ago	3.12 bp	doesn't fit	11.4 bp −$114	doesn't fit	doesn't fit
Sell Pacifica live order book, 10 min ago	3.82 bp	9.8 bp −$10	doesn't fit	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 −0.0091% / S +0.0167%	1h	13.138	+0.401%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.162	+0.584%	$478K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.139	+0.409%	$727K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.140	+0.415%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.093	+0.056%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.240%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.134	+0.369%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.134	+0.366%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.136	+0.387%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.136	+0.388%	$400K	$310K	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	13.137	+0.393%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.140	+0.418%	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.130	+0.341%	$122.0M	$305.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.134	+0.369%	$84.7M	$71.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.132	+0.354%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.149	+0.483%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.135	+0.376%	$130.2M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.132	+0.354%	$36.3M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.138	+0.399%	$22.8M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.129	+0.331%	$54.6M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.133	+0.361%	—	$21.3M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.086	long leg	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.097	+0.088%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.096	+0.078%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.099	+0.101%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.142	+0.430%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.133	+0.357%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.153	+0.514%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.132	+0.354%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.120	+0.263%	$645K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.129	+0.327%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.138	+0.396%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.144	+0.445%	$1.0M	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0214%	1h	13.143	+0.438%	$363K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	+0.369%	$5.2M	$16.3M	75x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.146	+0.461%	$78.0M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.135	+0.375%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.140	+0.413%	$6.9M	$8.3M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.151	+0.499%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0509%	1h	13.135	+0.374%	$348K	$48K	10x	as long as short