LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Extended against Arcus−0.178%7-day average −0.118% · 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−$52as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.178%, 7d avg −0.118%

Together, before fees+0.061%+ Points / potential airdropExtended: Active · farm board+$6 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: Extended is 0.060% 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 −0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.164	0.0100	pay 0.0013% / 1h	19m 33s	$185K	$172K	10x
Short	Extended LINK-USD	13.141	0.0104	get 0.0013% / 1h	19m 33s	$670K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0.84
Price spread: −0.178% → −0.118%: −$6.02
Slippage, 4 orders: −$36.48
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$51.16
Costs to cover: 0.460%
Break-even: 433.4 days

Slippage from Arcus: live order book, 54 min ago; Extended: live order book, 4 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, 54 min ago	11.44 bp	19.8 bp −$20	34.8 bp −$348	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.52 bp	6.1 bp −$6	7.4 bp −$74	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 −0.0091% / S +0.0167%	1h	13.160	−0.031%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.112%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.160	−0.031%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.804%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.220%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.169	+0.038%	$782K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.162	−0.015%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.148	−0.121%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.212	+0.362%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.154	−0.072%	$403K	$307K	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	13.152	−0.091%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.151	−0.102%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.150	−0.106%	$122.2M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.149	−0.114%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.151	−0.099%	$27.5M	$84.1M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.164	long leg	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.143	−0.160%	$130.2M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.147	−0.129%	$36.8M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.149	−0.114%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.144	−0.152%	$54.7M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.143	−0.160%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	−0.051%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	−0.071%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	−0.043%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	−0.046%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.158	−0.046%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.162	−0.012%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+0.078%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	−0.015%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.144%	$647K	$850K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.141	−0.178%	$670K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.166	+0.014%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.038%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	+0.023%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.008%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.062%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.152	−0.089%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0419%	1h	13.146	−0.139%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0558%	1h	13.166	+0.019%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.178	+0.106%	$20.4M	$11.6M	50x	as long as short