LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.026%

Price spread now: Phoenix against Coinbase International+0.180%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.180% dearer against Coinbase International than usual: you sell high and buy low (spread +0.180% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.856	0.0128	pay 0.0016% / 1h	40m 48s	$914K	$2.8M	50x
Short	Phoenix LINK	12.879	0.0074	get 0.0009% / 1h	40m 48s	$3K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PhoenixbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$11.26
Price spread: +0.180% → 0.000%: $17.97
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$10.29
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 3 min ago; Phoenix: 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, 3 min ago	3.10 bp	11.9 bp −$12	16.2 bp −$162	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	12.849	−0.057%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.844	−0.096%	$499K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.849	−0.058%	$183K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.547%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0046%	1h	12.854	−0.017%	$786K	$228K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.838	−0.140%	$101K	$1.2M	20x	as long as short
Phoenix LINKshort	+0.0074%	1h	12.879	+0.180%	$3K	$82K	10x
Lighter LINK	+0.0096%	1h	12.830	−0.201%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.856	+0.002%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.862	+0.047%	$341K	$340K	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	12.835	−0.163%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.832	−0.184%	$273K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.827	−0.228%	$118.5M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.820	−0.280%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.823	−0.257%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.872	+0.124%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.832	−0.187%	$123.6M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.840	−0.124%	$32.8M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.843	−0.101%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.839	−0.132%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.839	−0.132%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.850	−0.047%	$337K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.841	−0.114%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.882	+0.203%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	+0.327%	$585K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.884	+0.218%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.859	+0.023%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.845	−0.085%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.863	+0.052%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.848	−0.062%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.807	−0.380%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.834	−0.171%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.851	−0.037%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0128%	1h	12.856	long leg	$914K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	12.849	−0.054%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0251%	1h	12.852	−0.031%	$80.2M	$27.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.851	−0.037%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.852	−0.030%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0580%	8h	12.865	+0.070%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.1029%	1h	12.828	−0.217%	$342K	$33K	10x	as long as short