LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.022%

Price spread now: gTrade (Gains Network) against Coinbase International−0.129%7-day average −0.013% · 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−$320as in the Price arb table

costs, in and out, $10k−$3093.089% of the position

Long on Coinbase International Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.129%, 7d avg −0.013%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.116% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.153	0.0120	pay 0.0015% / 1h	16m 35s	$1.0M	$2.7M	50x
Short	gTrade (Gains Network) LINK/USD	13.136	L +0.0004% / S −0.0007%	get 0.0001% / 1h	16m 35s	$133K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.129%Rate

Funding earned: −$23.79
Price spread: −0.129% → −0.013%: −$11.64
Slippage, 4 orders: −$288.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$344.29
Costs to cover: 3.089%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 52 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, 2 min ago	3.05 bp	14.4 bp −$14	19.8 bp −$198	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 52 min ago	130.01 bp	142.5 bp −$142	1049.2 bp −$10.5K	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	13.134	−0.146%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.149	−0.033%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.136	−0.129%	$133K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.725%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.110%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0039%	1h	13.142	−0.084%	$780K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.134	−0.144%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	+0.066%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.200	+0.359%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.161	+0.065%	$404K	$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	13.159	+0.049%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	+0.087%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.165	+0.092%	$122.2M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.161	+0.061%	$84.9M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.165	+0.091%	$27.5M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.160%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.158	+0.038%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.165	+0.091%	$37.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.167	+0.106%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.158	+0.038%	$54.5M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.161	+0.061%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.033%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.013%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.041%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.038%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.148	−0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.134	−0.143%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.150	−0.019%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.137	−0.122%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.138	−0.114%	$646K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	+0.010%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	−0.122%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0120%	1h	13.153	long leg	$1.0M	$2.7M	50x
Backpack LINK_USDC_PERP	+0.0177%	1h	13.155	+0.015%	$364K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	−0.091%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.146	−0.057%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.138	−0.117%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0468%	1h	13.155	+0.018%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0555%	1h	13.174	+0.160%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0689%	8h	13.155	+0.015%	$20.4M	$11.6M	50x	as long as short