LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h +0.017%

Price spread now: Pacifica against Deribit−0.086%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.086%, 7d avg +0.009%

Together, before fees+0.174%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.095% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, 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	Deribit LINK_USDC-PERPETUAL	12.966	0.0244	pay 0.0030% / 1h	8m 00s	$811K	$266K	50x
Short	Pacifica LINK	12.955	0.0100	get 0.0013% / 1h	8m 00s	$276K	$184K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.086%Rate

Funding earned: −$30.24
Price spread: −0.086% → +0.009%: −$9.53
Slippage, 4 orders: −$28.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.8
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Pacifica: live order book, 35 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, 36 min ago	5.04 bp	8.5 bp −$9	14.3 bp −$143	doesn't fit	doesn't fit
Sell Pacifica live order book, 35 min ago	4.66 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit

LINK on 39 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 −0.0087% / S +0.0165%	1h	12.959	−0.049%	$1.8M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0033%	8h	12.950	−0.121%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.965	−0.005%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.958	−0.062%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.363%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.957	−0.066%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.958	−0.059%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.953	−0.094%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.950	−0.121%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.961	−0.040%	$1.3M	$2.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINKshort	+0.0100%	1h	12.955	−0.086%	$276K	$184K	10x
Binance LINKUSDT	+0.0100%	8h	12.959	−0.052%	$119.6M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.952	−0.106%	$83.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.956	−0.075%	$27.1M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	−0.029%	$181K	$96K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.961	−0.036%	$134.2M	$17.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.957	−0.067%	$34.5M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.962	−0.029%	$23.0M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.951	−0.113%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.956	−0.075%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	−0.159%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.952	−0.104%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.951	−0.111%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.956	−0.075%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.958	−0.059%	$81K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.048%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.958	−0.059%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.902	−0.489%	$630K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.949	−0.126%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.961	−0.036%	$544K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0111%	1h	12.964	−0.013%	$337K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.960	−0.044%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0175%	1h	12.967	+0.010%	$81.1M	$27.9M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.960	−0.041%	$6.7M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.962	−0.029%	$5.2M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0244%	1h	12.966	long leg	$811K	$266K	50x
Reya LINKRUSDPERP	+0.0399%	1h	12.951	−0.114%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0549%	8h	12.968	+0.018%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0572%	1h	12.953	−0.098%	$345K	$45K	10x	as long as short