LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Deribit against Arcus−0.126%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.126%, 7d avg −0.065%

Together, before fees+0.132%+$13 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: Deribit is 0.061% cheaper against Arcus than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	12.970	0.0100	pay 0.0013% / 1h	53m 45s	$181K	$165K	10x
Short	Deribit LINK_USDC-PERPETUAL	12.954	0.0098	get 0.0012% / 1h	53m 45s	$773K	$187K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$0.42
Price spread: −0.126% → −0.065%: −$6.09
Slippage, 4 orders: −$37.29
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.31
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Deribit: live order book, 5 min ago.

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 Arcus live order book, 4 min ago	13.93 bp	16.2 bp −$16	27.9 bp −$279	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	4.64 bp	8.1 bp −$8	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 −0.0090% / S +0.0167%	1h	12.949	−0.160%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.956	−0.109%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.951	−0.148%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.395%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.944	−0.200%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.951	−0.149%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.957	−0.100%	$944K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUALshort	+0.0098%	1h	12.954	−0.126%	$773K	$187K	50x
Phoenix LINK	+0.0098%	1h	12.920	−0.387%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.116%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.960	−0.073%	$392K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.957	−0.099%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.962	−0.061%	$273K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.947	−0.177%	$119.8M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.941	−0.224%	$83.6M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.944	−0.200%	$27.3M	$81.7M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	12.970	long leg	$181K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	12.950	−0.154%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.948	−0.170%	$32.3M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.952	−0.139%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.948	−0.170%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.945	−0.193%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	−0.105%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.913	−0.442%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	−0.200%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.455%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.959	−0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.945	−0.190%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.019%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.951	−0.146%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.941	−0.223%	$634K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.939	−0.238%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.948	−0.169%	$543K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0161%	1h	12.961	−0.069%	$340K	$388K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	−0.077%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.951	−0.150%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.954	−0.122%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0450%	1h	12.961	−0.069%	$81.5M	$27.2M	10x	as long as short
dYdX LINK-USD	+0.0567%	1h	12.963	−0.054%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0610%	8h	12.966	−0.031%	$20.0M	$11.4M	50x	as long as short