LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.014%

Price spread now: Injective against Coinbase International−4.630%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.024%+$102 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 4.630% cheaper against Coinbase International than usual: you would sell low and buy high (−$463 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.024%, 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	13.002	0.0072	pay 0.0009% / 1h	54m 52s	$996K	$2.7M	50x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	54m 52s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.630%Rate

Funding earned: −$8.12
Price spread: −4.630% → 0.000%: −$463.01
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$481.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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, 4 min ago	3.06 bp	14.4 bp −$14	20.3 bp −$203	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni LINKUSDT	−0.0265%	1h	13.058	+0.431%	$152K	$670K	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	12.993	−0.072%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.020	+0.138%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.002	−0.002%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	12.996	−0.045%	$131K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−4.630%	$4K	$48K	12x
Phoenix LINK	+0.0036%	1h	13.056	+0.418%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	12.992	−0.077%	$128K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0072%	1h	13.002	long leg	$996K	$2.7M	50x
dYdX LINK-USD	+0.0080%	1h	13.006	+0.030%	$344K	$48K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LINK	+0.0096%	1h	12.996	−0.047%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.088	+0.659%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.995	−0.054%	$397K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.999	−0.022%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.005	+0.024%	$273K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.992	−0.077%	$120.8M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.987	−0.115%	$83.7M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.989	−0.100%	$27.3M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.019	+0.131%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.992	−0.077%	$128.8M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.996	−0.046%	$34.5M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	−0.031%	$22.5M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.981	−0.162%	$53.8M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.990	−0.092%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.004	+0.015%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	−0.012%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.054	+0.402%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.040	+0.292%	$587K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.998	−0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.995	−0.052%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.012	+0.075%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.996	−0.046%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.980	−0.167%	$641K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.990	−0.089%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.999	−0.022%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.989	−0.100%	$5.3M	$15.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.991	−0.084%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.004	+0.016%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0664%	8h	13.010	+0.062%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0792%	1h	13.015	+0.100%	$83.5M	$27.5M	10x	as long as short