LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.005%

Price spread now: Extended against Coinbase International−0.267%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now −0.267%, 7d avg −0.071%

Together, before fees+0.214%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.197% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.267% now, against its 7-day average of −0.071%). If the spread goes back, that is −$20 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.993	0.0072	pay 0.0009% / 1h	8m 51s	$952K	$2.7M	50x
Short	Extended LINK-USD	12.958	0.0104	get 0.0013% / 1h	8m 51s	$703K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.267%Rate

Funding earned: $6.72
Price spread: −0.267% → −0.071%: −$19.69
Slippage, 4 orders: −$20.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$48.85
Costs to cover: 0.359%
Break-even: 57.9 days

Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	2.31 bp	13.0 bp −$13	18.2 bp −$182	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	3.08 bp	6.3 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit

LINK on 39 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	12.955	−0.293%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.963	−0.230%	$469K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.955	−0.294%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.564%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.992	−0.006%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.957	−0.277%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0072%	1h	12.993	long leg	$952K	$2.7M	50x
Lighter LINK	+0.0096%	1h	12.959	−0.260%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.962	−0.236%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.959	−0.266%	$394K	$319K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.958	−0.266%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.961	−0.247%	$275K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.965	−0.216%	$119.2M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	−0.262%	$83.6M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.961	−0.246%	$27.3M	$83.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.976	−0.131%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.961	−0.246%	$127.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	−0.200%	$33.0M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.968	−0.192%	$23.0M	$14.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.961	−0.246%	$53.9M	$30.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.965	−0.216%	—	$6.7M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.979	−0.106%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	−0.063%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.990	−0.023%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.985	−0.062%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.963	−0.231%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.957	−0.279%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.969	−0.182%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.961	−0.246%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.959	−0.266%	$639K	$857K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.958	−0.267%	$703K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.963	−0.235%	$544K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0124%	1h	12.965	−0.216%	$337K	$382K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	12.965	−0.214%	$770K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.954	−0.299%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0432%	1h	12.961	−0.248%	$343K	$34K	10x	as long as short
Hyperliquid LINK	+0.0462%	1h	12.975	−0.139%	$80.6M	$26.2M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	−0.208%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0635%	8h	12.976	−0.131%	$20.0M	$11.5M	50x	as long as short