LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.008%

Price spread now: Arcus against Coinbase International−0.109%7-day average +0.051% · 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−$70as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.109%, 7d avg +0.051%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.160% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.856	0.0128	pay 0.0016% / 1h	40m 38s	$914K	$2.8M	50x
Short	Arcus LINK-USD	12.842	0.0100	get 0.0013% / 1h	40m 38s	$179K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$5.88
Price spread: −0.109% → +0.051%: −$15.96
Slippage, 4 orders: −$39.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$75.73
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Arcus: live order book, 7 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 Coinbase International live order book, 3 min ago	3.10 bp	11.9 bp −$12	16.2 bp −$162	doesn't fit	doesn't fit
Sell Arcus live order book, 7 min ago	11.98 bp	14.4 bp −$14	23.8 bp −$238	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 −0.0089% / S +0.0166%	1h	12.849	−0.057%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.844	−0.096%	$499K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.849	−0.058%	$183K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.547%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0046%	1h	12.854	−0.017%	$786K	$228K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.838	−0.140%	$101K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	+0.180%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.830	−0.201%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.829	−0.208%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.820	−0.276%	$342K	$342K	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	12.831	−0.196%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.832	−0.184%	$273K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.826	−0.233%	$118.4M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.820	−0.280%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.824	−0.249%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	12.842	−0.109%	$179K	$167K	10x
Gate LINK_USDT	+0.0100%	8h	12.822	−0.264%	$123.5M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.829	−0.210%	$32.6M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.841	−0.117%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.821	−0.272%	$53.5M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.821	−0.272%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.850	−0.047%	$337K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.841	−0.114%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.882	+0.203%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	+0.327%	$585K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.884	+0.218%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.859	+0.023%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.845	−0.085%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.863	+0.052%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.848	−0.062%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.807	−0.380%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.816	−0.311%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.851	−0.037%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0128%	1h	12.856	long leg	$914K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	12.849	−0.054%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0251%	1h	12.852	−0.031%	$80.2M	$27.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.851	−0.037%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.852	−0.030%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0580%	8h	12.865	+0.070%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.1029%	1h	12.828	−0.217%	$342K	$33K	10x	as long as short