LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h +0.031%

Price spread now: dYdX against Coinbase International−0.082%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1891.892% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.082%, 7d avg −0.010%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.178	0.0120	pay 0.0015% / 1h	13m 03s	$995K	$2.8M	50x
Short	dYdX LINK-USD	13.167	0.0003	get 0.0000% / 1h	13m 03s	$349K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$24.54
Price spread: −0.082% → −0.010%: −$7.2
Slippage, 4 orders: −$169.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$220.9
Costs to cover: 1.892%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; dYdX: live order book, 6 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, 1 min ago	3.42 bp	12.1 bp −$12	18.3 bp −$183	doesn't fit	doesn't fit
Sell dYdX live order book, 6 min ago	78.47 bp	83.5 bp −$83	111.1 bp −$1,111	126.8 bp −$12.7K	191.1 bp −$95.5K

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	13.160	−0.134%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.170	−0.059%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.165	−0.099%	$719K	$125K	50x	as long as short
dYdX LINK-USDshort	+0.0003%	1h	13.167	−0.082%	$349K	$48K	10x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.162	−0.119%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.904%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.183	+0.036%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.156	−0.167%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.164	−0.109%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.161	−0.129%	$32K	$3K	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	13.159	−0.146%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.178	0.000%	$77.8M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.165	−0.099%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.166	−0.091%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.162	−0.121%	$122.2M	$303.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.162	−0.121%	$84.9M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.167	−0.083%	$27.7M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.177	−0.008%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.164	−0.106%	$130.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.163	−0.114%	$36.3M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.164	−0.106%	$22.4M	$15.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.162	−0.121%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.164	−0.106%	—	$21.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.184	+0.044%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.010%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.046%	$598K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.187	+0.068%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.160	−0.137%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.157	−0.157%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.175	−0.024%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	−0.121%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.155%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.158	−0.153%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.163	−0.111%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0120%	1h	13.178	long leg	$995K	$2.8M	50x
Backpack LINK_USDC_PERP	+0.0210%	1h	13.176	−0.015%	$365K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.166	−0.091%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.155	−0.172%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.181	+0.023%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.170	−0.060%	$6.9M	$8.1M	50x	as long as short