LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h +0.002%

Price spread now: gTrade (Gains Network) against Deribit−0.058%7-day average +0.004% · 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−$306as in the Price arb table

costs, in and out, $10k−$3003.001% of the position

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now −0.058%, 7d avg +0.004%

Together, before fees+0.081%+$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 0.062% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.188	0.0122	pay 0.0015% / 1h	15m 13s	$783K	$211K	50x
Short	gTrade (Gains Network) LINK/USD	13.180	L +0.0004% / S −0.0007%	get 0.0001% / 1h	15m 13s	$134K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.058%Rate

Funding earned: −$24.2
Price spread: −0.058% → +0.004%: −$6.16
Slippage, 4 orders: −$283.13
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$330.49
Costs to cover: 3.001%
Break-even: never at this rate

Slippage from Deribit: live order book, 59 min ago; gTrade (Gains Network): virtual book (oracle venue), 54 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 Deribit live order book, 59 min ago	1.91 bp	6.2 bp −$6	11.6 bp −$116	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 54 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	13.180	−0.061%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	−0.044%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.180	−0.058%	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.974%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.142	−0.351%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.179	−0.067%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.181	−0.048%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.207	+0.143%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.178	−0.071%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.184	−0.027%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.180	−0.058%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.182	−0.045%	$122.4M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.178	−0.074%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.181	−0.052%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.189	+0.009%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.179	−0.067%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	−0.052%	$37.1M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	−0.021%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	−0.082%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.179	−0.067%	—	$21.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.253%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.139	−0.367%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.140	−0.361%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.150	−0.287%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.186	−0.014%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.177	−0.079%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.196	+0.059%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.181	−0.052%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.162	−0.196%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.178	−0.077%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.183	−0.035%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.174	−0.105%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0122%	1h	13.188	long leg	$783K	$211K	50x
Backpack LINK_USDC_PERP	+0.0179%	1h	13.190	+0.017%	$365K	$363K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.184	−0.029%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.189	+0.010%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.180	−0.057%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0457%	1h	13.180	−0.061%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0558%	1h	13.198	+0.077%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0600%	8h	13.197	+0.070%	$20.4M	$11.6M	50x	as long as short