Spread before costs (cost unknown: a leg has no order-book sample)+0.365%
7d average—if it closes, per $10,000$37funding while held, a day+$13.54
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni LINK | 12.809 | −0.0090 | get 0.0090% / 8h | 6h 32m | $3.2M | $1.2M | — |
| Short | Reya LINKRUSDPERP | 12.856 | 0.0362 | get 0.0045% / 1h | 32m 22s | $4K | $400 | 20x |
Variational Omni LINK
Reya LINKRUSDPERPPrice 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
- $36.53
- Funding while held
- $13.54
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $44.08
- Spread needed to break even
- 0.060%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0451%
- Per $10,000 a day
- +$13.54
- 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, 3 min ago | 3.16 bp | doesn't fit | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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
InjectiveVariational Omni12.809+3.302%
Phoenix12.844+3.577%HTX12.853+3.650%Nado12.854+3.665%Aster12.856+3.677%KuCoin12.856+3.677%
Phoenix
HTX
Nado
Aster
KuCoinReya12.856+3.679%
Paradex12.858+3.691%Polymarket Perps12.858+3.694%Lighter12.860+3.713%Gate12.861+3.718%Pacifica12.861+3.718%edgeX12.861+3.721%Bybit12.862+3.726%MEXC12.862+3.726%ApeX Omni12.862+3.726%Hyperliquid12.865+3.750%Extended12.865+3.750%OKX12.865+3.750%Bitget12.865+3.750%Derive12.865+3.752%dYdX12.866+3.754%BingX12.866+3.758%Binance12.867+3.766%Arcus12.867+3.766%SoDEX12.870+3.790%Orderly12.872+3.806%GMX12.872+3.809%Aevo12.873+3.810%gTrade (Gains Network)12.873+3.811%Deribit12.875+3.831%BloFin12.876+3.839%Kraken Futures12.878+3.855%SunX12.881+3.879%Coinbase International12.882+3.887%Kalshi12.884+3.900%Backpack12.888+3.935%Phemex12.894+3.984%
Paradex
Polymarket Perps
Lighter
Gate
Pacifica
Bybit
MEXC
ApeX Omni
Hyperliquid
Extended
OKX
Bitget
Derive
dYdX
BingX
Binance
Arcus
SoDEX
Orderly
GMX
Aevo
gTrade (Gains Network)
Deribit
BloFin
Kraken Futures
SunX
Coinbase International
Backpack
PhemexLINK on 39 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective LINK/USDC PERP | −3.197% | +0.0033% | 1h | $4K | $48K | 12x | as long as short |
| Variational Omni LINKlong | 0.000% | −0.0090% | 8h | $3.2M | $1.2M | — | |
| Phoenix LINK | +0.267% | −0.0080% | 1h | $3K | $46K | 10x | as long as short |
| HTX LINK-USDT | +0.337% | +0.0070% | 8h | $622K | $975K | 75x | as long as short |
| Nado LINK-PERP | +0.352% | +0.0100% | 1h | $423K | $302K | 10x | as long as short |
| Aster LINKUSDT | +0.363% | +0.0100% | 8h | $1.4M | $2.4M | 50x | as long as short |
| KuCoin LINKUSDTM | +0.363% | +0.0100% | 8h | $21.0M | $16.6M | 75x | as long as short |
| Reya LINKRUSDPERPshort | +0.365% | +0.0362% | 1h | $4K | $400 | 20x | |
| Paradex LINK-USD-PERP | +0.376% | +0.0064% | 8h | $31K | $2K | 20x | as long as short |
| Polymarket Perps LINK-USD | +0.379% | +0.0100% | 1h | $77K | $55K | 10x | as long as short |
Show all 39 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter LINK | +0.398% | +0.0096% | 1h | $2.0M | $2.4M | 10x | as long as short |
| Gate LINK_USDT | +0.402% | +0.0004% | 8h | $129.7M | $11.8M | 75x | as long as short |
| Pacifica LINK | +0.403% | +0.0100% | 1h | $270K | $162K | 10x | as long as short |
| edgeX LINKUSDC | +0.405% | +0.0100% | 4h | $43K | $307K | 20x | as long as short |
| Bybit LINKUSDT | +0.410% | −0.0133% | 8h | $81.7M | $61.5M | 75x | as long as short |
| MEXC LINK_USDT | +0.410% | +0.0023% | 8h | $31.0M | $56.7M | 300x | as long as short |
| ApeX Omni LINKUSDT | +0.410% | +0.0100% | 1h | $130K | $649K | 50x | as long as short |
| Hyperliquid LINK | +0.434% | +0.0100% | 1h | $75.5M | $21.9M | 10x | as long as short |
| Extended LINK-USD | +0.434% | +0.0016% | 1h | $666K | $1.8M | 25x | as long as short |
| OKX LINK-USDT-SWAP | +0.434% | −0.0041% | 8h | $26.9M | $85.5M | 50x | as long as short |
| Bitget LINKUSDT | +0.434% | +0.0087% | 8h | $53.6M | $29.1M | 75x | as long as short |
| Derive LINK-PERP | +0.435% | +0.0100% | 1h | $27K | $10K | 10x | as long as short |
| dYdX LINK-USD | +0.438% | 0.0000% | 1h | $341K | $60K | 10x | as long as short |
| BingX LINK-USDT | +0.441% | +0.0087% | 8h | — | $19.8M | — | as long as short |
| Binance LINKUSDT | +0.449% | +0.0024% | 8h | $117.8M | $285.5M | 75x | as long as short |
| Arcus LINK-USD | +0.449% | +0.0100% | 1h | $181K | $186K | 10x | as long as short |
| SoDEX LINK-USD | +0.473% | +0.0053% | 1h | $8K | $36K | 10x | as long as short |
| Orderly PERP_LINK_USDC | +0.488% | +0.0070% | 8h | $137K | $1.7M | 20x | as long as short |
| GMX LINK/USD [LINK-USDC] | +0.491% | L −0.0093% / S +0.0164% | 1h | $1.7M | — | 200x | as long as short |
| Aevo LINK-PERP | +0.492% | +0.0088% | 1h | $542K | $340 | 3x | as long as short |
| gTrade (Gains Network) LINK/USD | +0.493% | L +0.0004% / S −0.0007% | 1h | $174K | — | 150x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.512% | 0.0000% | 1h | $684K | $105K | 50x | as long as short |
| BloFin LINK-USDT | +0.519% | +0.0095% | 8h | $5.2M | $13.0M | 75x | as long as short |
| Kraken Futures PF_LINKUSD | +0.535% | −0.0329% | 1h | $6.0M | $6.5M | 50x | as long as short |
| SunX LINK-USDT | +0.558% | +0.0100% | 8h | $33K | $1.5M | 30x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.566% | +0.0072% | 1h | $985K | $2.6M | 50x | as long as short |
| Kalshi KXLINKPERP | +0.579% | 0.0000% | 8h | $459K | $2.2M | 3.7x | as long as short |
| Backpack LINK_USDC_PERP | +0.613% | +0.0100% | 1h | $350K | $377K | 15x | as long as short |
| Phemex LINKUSDT | +0.660% | +0.0389% | 8h | $20.1M | $11.3M | 50x | as long as short |