LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Polymarket Perps against Deribit−0.192%48s7-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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

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. Polymarket Perps is 0.192% cheaper against Deribit than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.207	0	get 0.0000% / 1h	39m 32s	$721K	$125K	50x
Short	Polymarket Perps LINK-USD	13.182	0.0100	get 0.0013% / 1h	39m 32s	$81K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.192%Rate

Funding earned: $21
Price spread: −0.192% → 0.000%: −$19.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.23
Costs to cover: 0.150%
Break-even: 11.4 days

Slippage unknown: Deribit: live order book, 44 min ago; Polymarket Perps: 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, 44 min ago	2.66 bp	6.2 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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 −0.0090% / S +0.0167%	1h	13.178	−0.219%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.189	−0.139%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.209	+0.008%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	13.207	long leg	$721K	$125K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.180	−0.207%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.113%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.008%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.199	−0.064%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.187	−0.152%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.182	−0.190%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.179	−0.215%	$400K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.191	−0.124%	$77.8M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.192	−0.113%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.188	−0.144%	$276K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.179	−0.211%	$122.3M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.179	−0.215%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.180	−0.207%	$27.7M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.199	−0.064%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.190	−0.132%	$131.0M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.180	−0.207%	$36.7M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.186	−0.162%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.178	−0.223%	$54.8M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.184	−0.177%	—	$21.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	−0.018%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.200	−0.057%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.070%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.206	−0.011%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	13.182	−0.192%	$81K	$68K	10x
Derive LINK-PERP	+0.0100%	1h	13.201	−0.052%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.220	+0.094%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.203	−0.033%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.191	−0.122%	$649K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.178	−0.221%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.204	−0.026%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.202	−0.041%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0185%	1h	13.213	+0.042%	$367K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.203	−0.033%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.180	−0.210%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0450%	8h	13.215	+0.058%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.212	+0.031%	$7.0M	$8.0M	50x	as long as short