LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Pacifica against Coinbase International−0.095%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.095%, 7d avg −0.007%

Together, before fees+0.063%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.088% cheaper against Coinbase International than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.964	0.0096	pay 0.0012% / 1h	54m 54s	$943K	$2.7M	50x
Short	Pacifica LINK	12.952	0.0100	get 0.0013% / 1h	54m 54s	$273K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.095%Rate

Funding earned: $0.84
Price spread: −0.095% → −0.007%: −$8.85
Slippage, 4 orders: −$34.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$60.49
Costs to cover: 0.525%
Break-even: 511.1 days

Slippage from Coinbase International: live order book, 4 min ago; Pacifica: live order book, 3 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, 4 min ago	3.47 bp	12.7 bp −$13	18.4 bp −$184	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	3.88 bp	12.8 bp −$13	doesn't fit	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 −0.0090% / S +0.0167%	1h	12.955	−0.069%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.952	−0.093%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.956	−0.060%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.351%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0061%	8h	12.955	−0.069%	$117K	$1.4M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.956	−0.061%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0096%	1h	12.964	long leg	$943K	$2.7M	50x
Phoenix LINK	+0.0098%	1h	12.920	−0.341%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.947	−0.134%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.946	−0.135%	$392K	$310K	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	12.960	−0.027%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	12.952	−0.095%	$273K	$173K	10x
Binance LINKUSDT	+0.0100%	8h	12.962	−0.016%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.957	−0.054%	$83.7M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.960	−0.031%	$27.4M	$81.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.967	+0.023%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.958	−0.046%	$128.0M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.963	−0.008%	$32.3M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.965	+0.008%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.962	−0.015%	$53.9M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.958	−0.046%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.956	−0.059%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.913	−0.396%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.944	−0.154%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.911	−0.409%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.958	−0.046%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.957	−0.055%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.973	+0.066%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.955	−0.069%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.942	−0.171%	$634K	$704K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.960	−0.030%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.957	−0.054%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0128%	1h	12.963	−0.006%	$773K	$184K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0166%	1h	12.969	+0.039%	$340K	$389K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.960	−0.031%	$5.3M	$15.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.948	−0.120%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.959	−0.037%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0464%	1h	12.977	+0.100%	$81.6M	$27.3M	10x	as long as short
Phemex LINKUSDT	+0.0616%	8h	12.967	+0.023%	$20.0M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0646%	1h	12.945	−0.145%	$343K	$30K	10x	as long as short