Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average—if it closes, per $10,000$3funding while held, a day+$2.73
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni LINK | 13.054 | 0.0009 | pay 0.0009% / 8h | 1h 05m | $3.3M | $1.2M | — |
| Short | Polymarket Perps LINK-USD | 13.058 | 0.0100 | get 0.0013% / 1h | 5m 44s | $74K | $44K | 10x |
Variational Omni LINK
Polymarket Perps LINK-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $3
- Funding while held
- $2.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$2.27
- Spread needed to break even
- 0.080%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Polymarket Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0091%
- Per $10,000 a day
- +$2.73
- Average in range /8h
- —
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, 5 min ago | 3.12 bp | doesn't fit | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective12.400cheapest
edgeX13.019+4.993%ApeX Omni13.022+5.016%Extended13.022+5.017%Bybit13.023+5.024%OKX13.025+5.040%MEXC13.026+5.048%Bitget13.026+5.048%Binance13.027+5.056%BingX13.028+5.065%Gate13.030+5.081%KuCoin13.037+5.137%Aster13.043+5.188%Phoenix13.045+5.198%Lighter13.046+5.207%Hyperliquid13.047+5.216%Backpack13.047+5.218%Kraken Futures13.048+5.228%HTX13.049+5.236%Derive13.051+5.251%Deribit13.053+5.264%BloFin13.054+5.274%
Injective
ApeX Omni
Extended
Bybit
OKX
MEXC
Bitget
Binance
BingX
Gate
KuCoin
Aster
Phoenix
Lighter
Hyperliquid
Backpack
Kraken Futures
HTX
Derive
Deribit
BloFinVariational Omni13.054+5.275%
Nado13.055+5.278%Reya13.055+5.279%Paradex13.055+5.281%SoDEX13.055+5.282%
Nado
Reya
Paradex
SoDEXPolymarket Perps13.058+5.306%
Orderly13.058+5.306%Coinbase International13.058+5.306%Aevo13.058+5.309%Phemex13.059+5.315%gTrade (Gains Network)13.059+5.316%GMX13.062+5.338%Pacifica13.062+5.339%dYdX13.063+5.351%Kalshi13.065+5.361%SunX13.065+5.362%Arcus13.070+5.403%
Orderly
Coinbase International
Aevo
Phemex
gTrade (Gains Network)
GMX
Pacifica
dYdX
SunX
ArcusLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −5.011% | +0.0033% | 1h | $4K | $106K | 12x | as long as short |
| edgeX LINKUSDC | −0.268% | +0.0100% | 4h | $43K | $311K | 20x | as long as short |
| ApeX Omni LINKUSDT | −0.246% | +0.0100% | 1h | $132K | $655K | 50x | as long as short |
| Extended LINK-USD | −0.245% | +0.0104% | 1h | $681K | $1.9M | 25x | as long as short |
| Bybit LINKUSDT | −0.238% | +0.0029% | 8h | $80.6M | $61.4M | 75x | as long as short |
| OKX LINK-USDT-SWAP | −0.223% | +0.0100% | 8h | $27.6M | $89.4M | 50x | as long as short |
| MEXC LINK_USDT | −0.215% | +0.0065% | 8h | $33.6M | $57.7M | 300x | as long as short |
| Bitget LINKUSDT | −0.215% | +0.0100% | 8h | $54.0M | $30.2M | 75x | as long as short |
| Binance LINKUSDT | −0.207% | +0.0065% | 8h | $118.8M | $282.5M | 75x | as long as short |
| BingX LINK-USDT | −0.200% | +0.0100% | 8h | — | $19.3M | — | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate LINK_USDT | −0.185% | +0.0004% | 8h | $132.8M | $12.7M | 75x | as long as short |
| KuCoin LINKUSDTM | −0.131% | +0.0100% | 8h | $21.5M | $17.8M | 75x | as long as short |
| Aster LINKUSDT | −0.083% | +0.0100% | 8h | $1.4M | $2.0M | 50x | as long as short |
| Phoenix LINK | −0.073% | −0.0074% | 1h | $4K | $41K | 10x | as long as short |
| Lighter LINK | −0.065% | +0.0096% | 1h | $2.0M | $3.0M | 10x | as long as short |
| Hyperliquid LINK | −0.056% | +0.0100% | 1h | $79.1M | $20.7M | 10x | as long as short |
| Backpack LINK_USDC_PERP | −0.054% | +0.0100% | 1h | $388K | $359K | 15x | as long as short |
| Kraken Futures PF_LINKUSD | −0.045% | +0.0015% | 1h | $6.1M | $6.7M | 50x | as long as short |
| HTX LINK-USDT | −0.037% | +0.0100% | 8h | $648K | $1.2M | 75x | as long as short |
| Derive LINK-PERP | −0.023% | +0.0100% | 1h | $28K | $10K | 10x | as long as short |
| Deribit LINK_USDC-PERPETUAL | −0.011% | −0.0010% | 1h | $705K | $77K | 50x | as long as short |
| BloFin LINK-USDT | −0.001% | +0.0185% | 8h | $5.2M | $10.5M | 75x | as long as short |
| Variational Omni LINKlong | 0.000% | +0.0009% | 8h | $3.3M | $1.2M | — | |
| Nado LINK-PERP | +0.003% | +0.0100% | 1h | $433K | $363K | 10x | as long as short |
| Reya LINKRUSDPERP | +0.004% | +0.0355% | 1h | $4K | $400 | 20x | as long as short |
| Paradex LINK-USD-PERP | +0.006% | +0.0045% | 8h | $32K | $2K | 20x | as long as short |
| SoDEX LINK-USD | +0.007% | −0.0009% | 1h | $8K | $45K | 10x | as long as short |
| Polymarket Perps LINK-USDshort | +0.030% | +0.0100% | 1h | $74K | $44K | 10x | |
| Orderly PERP_LINK_USDC | +0.030% | +0.0099% | 8h | $222K | $1.5M | 20x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.030% | +0.0056% | 1h | $966K | $2.7M | 50x | as long as short |
| Aevo LINK-PERP | +0.033% | +0.0096% | 1h | $549K | $340 | 3x | as long as short |
| Phemex LINKUSDT | +0.038% | +0.0334% | 8h | $20.4M | $11.3M | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.039% | L +0.0003% / S −0.0007% | 1h | $178K | — | 150x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.060% | L −0.0012% / S +0.0076% | 1h | $1.8M | — | 200x | as long as short |
| Pacifica LINK | +0.061% | +0.0100% | 1h | $274K | $169K | 10x | as long as short |
| dYdX LINK-USD | +0.072% | 0.0000% | 1h | $346K | $60K | 10x | as long as short |
| Kalshi KXLINKPERP | +0.082% | 0.0000% | 8h | $450K | $2.2M | 3.7x | as long as short |
| SunX LINK-USDT | +0.083% | +0.0100% | 8h | $33K | $1.6M | 30x | as long as short |
| Arcus LINK-USD | +0.122% | +0.0100% | 1h | $184K | $197K | 10x | as long as short |