Funding arb · Price arb / Crypto

LINK

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LONGAvantis▾Polymarket Perps −0.0393%Kraken Futures −0.0145%Extended −0.0128%Variational Omni −0.0128%Bybit −0.0097%SoDEX −0.0074%GRVT −0.0068%Phoenix −0.0067%Gate −0.0040%Binance −0.0029%MEXC −0.0029%Nado −0.0017%Kalshi 0.0000%dYdX +0.0014%Hyperliquid +0.0032%Injective +0.0033%Avantis +0.0042%GMX +0.0050%Paradex +0.0061%Aevo +0.0072%Bitget +0.0089%BloFin +0.0091%Lighter +0.0096%Popdex +0.0096%KuCoin +0.0097%Aster +0.0100%Pacifica +0.0100%OKX +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Derive +0.0100%SunX +0.0100%HTX +0.0100%Deribit +0.0208%Arcus +0.0254%gTrade (Gains Network) +0.0299%Phemex +0.0423%

⇄⇅

SHORTCoinbase International▾Coinbase International +0.2256%Phemex +0.0423%Arcus +0.0254%Deribit +0.0208%Aster +0.0100%Pacifica +0.0100%OKX +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Derive +0.0100%SunX +0.0100%HTX +0.0100%KuCoin +0.0097%Popdex +0.0096%Lighter +0.0096%BloFin +0.0091%Bitget +0.0089%gTrade (Gains Network) −0.0083%Aevo +0.0072%Paradex +0.0061%Injective +0.0033%Hyperliquid +0.0032%dYdX +0.0014%Kalshi 0.0000%Nado −0.0017%GMX +0.0018%MEXC −0.0029%Binance −0.0029%Gate −0.0040%Phoenix −0.0067%GRVT −0.0068%SoDEX −0.0074%Bybit −0.0097%Variational Omni −0.0128%Extended −0.0128%Kraken Futures −0.0145%Polymarket Perps −0.0393%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AvantisLINK/USD	14.409	L +0.0042S +0.0049	pay 0.0005% / 1h	12m 38s	$218K	—	20x	Long Avantis
SHORT	Coinbase InternationalLINK-PERP-INTX	14.560	+0.2256	get 0.0282% / 1h	12m 38s	$1.1M	$1.6M	50x	Short Coinbase International

Price gap+1.045%

Funding gap+0.2214% /8h

Both sides work: funding pays +$66 a day on $10k, and the gap is 0.035% above its 7d average: +$3 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.137% in total, about +0.0065%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now+1.045%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AvantisCoinbase International

LINK on 41 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $200

  Avantis 20x, Coinbase International 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Avantis · 1h−$1.26

  Short Coinbase International · 1h+$67.68

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$66.42Long Avantis: 24 payments, −$1.26; short Coinbase International: 24 payments, +$67.68.
• ✓
  OK: Entry gap works for you+1.045% vs +1.010%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$218K vs $1.1M OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCAvantis No · Coinbase International Yes

  ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0065%/8h × 21 periods+$13.68

Price spread+1.045% → +1.010% (7d avg)+$3.48

Slippage, 4 ordersno data for Avantis—

Fee Avantis bp × 2 orders−$9.00

Fee Coinbase International bp × 2 orders−$8.00

Net, fees only · 7 days · $10k+$0.16

Costs to cover0.170%Break-even6.9 days

Slippage: Avantis: no order-book sample; Coinbase International: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAvantis—————

SELL · SHORTCoinbase International93.04224.5 bp−$2241631.6 bp−$16.3Kdoesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

LINK news

posts that mention LINK, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	LINKRUSDPERP no longer reported ($LINK) seen by our collector
09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-28 14:27	BloFin	Other	Start your week with BloFin Earn’s Monday Exclusive! Take advantage of high-yield savings on BTC and LINK with returns up to 55% APR. @BloFin_Official on X ↗
09-19 12:00	KuCoin	Other	Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗
09-19 11:24	OKX	Contest	New X Drops basket is now live in the EEA. Trade $CP, $SOL, $ZEC, $SUI, $HYPE, $LINK, $TAO, $ARB, $UNI or $NEAR and compete for a share of 150K USDC across four payouts, with a 3x multiplier on all CP trades. Join X Drops Club today. @okx on X ↗