LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.025%

Price spread now: Derive against Deribit−0.050%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.050% cheaper against Deribit than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.3 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	Deribit LINK_USDC-PERPETUAL	13.169	0.0061	pay 0.0008% / 1h	19m 53s	$782K	$211K	50x
Short	Derive LINK-PERP	13.162	0.0100	get 0.0013% / 1h	19m 53s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Deribit. 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 DeribitbpFee DerivebpOrdersPrice spread, now −0.050%Rate

Funding earned: $8.19
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$9.82
Costs to cover: 0.130%
Break-even: 15.4 days

Slippage unknown: Deribit: live order book, 54 min ago; Derive: 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 Deribit live order book, 54 min ago	1.91 bp	6.2 bp −$6	11.6 bp −$116	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 −0.0091% / S +0.0167%	1h	13.160	−0.069%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.074%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.160	−0.069%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.839%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.182%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0061%	1h	13.169	long leg	$782K	$211K	50x
Orderly PERP_LINK_USDC	+0.0065%	8h	13.162	−0.053%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	−0.051%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.211	+0.321%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.154	−0.110%	$403K	$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	13.161	−0.058%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.155	−0.110%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.155	−0.107%	$122.2M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.160	−0.068%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.161	−0.061%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.038%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.156	−0.099%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.161	−0.061%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.164	−0.038%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.161	−0.061%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.152	−0.129%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	−0.089%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.020%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.251%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.053%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.158	−0.084%	$82K	$69K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	13.162	−0.050%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.174	+0.040%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	−0.053%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.181%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.152	−0.133%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	−0.024%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.076%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	−0.015%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	−0.030%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.024%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.152	−0.127%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	13.160	−0.066%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0560%	1h	13.175	+0.044%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.178	+0.068%	$20.4M	$11.6M	50x	as long as short