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 +0.008%

Price spread now: Paradex against Variational Omni+0.024%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Paradex

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 · Paradex: 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: Paradex is 0.024% dearer against Variational Omni than usual: you sell high and buy low, +$2 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	Variational Omni LINK	13.044	0.0100	pay 0.0100% / 8h	6h 22m	$3.4M	$1.6M	—
Short	Paradex LINK-USD-PERP	13.047	0.0100	get 0.0100% / 8h	6h 22m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.09
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.73
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Paradex: no order-book sample. 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, 2 min ago	3.11 bp	doesn't fit	10.3 bp −$103	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 39 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	13.039	−0.039%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.051	+0.050%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.039	−0.043%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.940%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	−0.156%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.035	−0.072%	$118K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0072%	1h	13.043	−0.007%	$775K	$212K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.049	+0.036%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.035	−0.070%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	13.047	+0.024%	$31K	$2K	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.041	−0.026%	$396K	$322K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.049	+0.033%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.048	+0.031%	$277K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.034	−0.079%	$119.7M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.030	−0.110%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.032	−0.095%	$27.4M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.058	+0.105%	$183K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.043	−0.010%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.045	+0.005%	$33.2M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.046	+0.013%	$22.6M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.042	−0.018%	$54.3M	$30.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.042	−0.018%	—	$23.0M	—	as long as short
Variational Omni LINKlong	+0.0100%	8h	13.044	long leg	$3.4M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	13.024	−0.154%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.047	+0.020%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.048	+0.028%	$134K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.050	+0.043%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.038	−0.049%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.054	+0.074%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.034	−0.079%	$15K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.025	−0.151%	$642K	$859K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.033	−0.091%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.039	−0.038%	$547K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	13.040	−0.033%	$339K	$386K	15x	as long as short
dYdX LINK-USD	+0.0268%	1h	13.043	−0.008%	$345K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.044	−0.003%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0454%	1h	13.064	+0.151%	$80.8M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.039	−0.045%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0580%	8h	13.048	+0.028%	$20.1M	$11.5M	50x	as long as short