LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0337%/8h= +36.9% APRnext payment +$0.42 per $10,000 · paid last 24h +0.026%

Price spread now: dYdX against Arcus−0.123%7-day average −0.057% · 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−$156as in the Price arb table

costs, in and out, $10k−$1491.493% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.174%+$17 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.123%, 7d avg −0.057%

Together, before fees+0.362%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.066% cheaper against Arcus than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.057%). If the spread goes back, that is −$7 on $10k: about 16 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.174% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.047	0.0100	pay 0.0013% / 1h	15m 28s	$182K	$165K	10x
Short	dYdX LINK-USD	13.031	0.0437	get 0.0055% / 1h	15m 28s	$345K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $70.81
Price spread: −0.123% → −0.057%: −$6.64
Slippage, 4 orders: −$134.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$85.13
Costs to cover: 1.493%
Break-even: 15.4 days

Slippage from Arcus: live order book, 48 min ago; dYdX: live order book, 49 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, 48 min ago	11.89 bp	15.8 bp −$16	32.2 bp −$322	doesn't fit	doesn't fit
Sell dYdX live order book, 49 min ago	54.59 bp	59.6 bp −$60	144.0 bp −$1,440	199.1 bp −$19.9K	339.7 bp −$169.9K

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	13.044	−0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.045	−0.012%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.045	−0.018%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.959%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.041	−0.046%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.043	−0.031%	$966K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.030	−0.127%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.044	−0.022%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	−0.129%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.027	−0.149%	$394K	$312K	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	13.036	−0.084%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	−0.115%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.029	−0.138%	$120.5M	$296.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.024	−0.176%	$84.2M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.026	−0.161%	$27.4M	$82.6M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.047	long leg	$182K	$165K	10x
Gate LINK_USDT	+0.0100%	8h	13.028	−0.146%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.031	−0.123%	$32.5M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.033	−0.107%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.026	−0.161%	$54.2M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.027	−0.153%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.043	−0.031%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.038	−0.069%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.032	−0.119%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.034	−0.100%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	−0.061%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.033	−0.107%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.038	−0.073%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.060	+0.100%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.042	−0.038%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.008	−0.302%	$642K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.023	−0.185%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.043	−0.033%	$547K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0202%	1h	13.047	−0.003%	$775K	$174K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.040	−0.054%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.024	−0.176%	$4K	—	20x	as long as short
dYdX LINK-USDshort	+0.0437%	1h	13.031	−0.123%	$345K	$30K	10x
Kraken Futures PF_LINKUSD	+0.0552%	1h	13.045	−0.016%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0578%	8h	13.055	+0.061%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0660%	1h	13.046	−0.008%	$82.1M	$27.3M	10x	as long as short