Funding arb · Price arb / Crypto

LINK

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LONGDeribit▾Polymarket Perps −0.0346%dYdX 0.0000%Kalshi 0.0000%Phoenix 0.0000%KuCoin +0.0018%Injective +0.0033%Variational Omni +0.0034%Orderly +0.0039%GMX +0.0082%Paradex +0.0093%Lighter +0.0096%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Derive +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Extended +0.0104%Aevo +0.0104%Avantis +0.0141%Kraken Futures +0.0184%BloFin +0.0220%Phemex +0.0292%gTrade (Gains Network) +0.0299%Arcus +0.0492%Deribit +0.0639%Coinbase International +0.7128%

⇄⇅

SHORTPopdex▾Coinbase International +0.7128%Arcus +0.0492%Phemex +0.0292%BloFin +0.0220%Kraken Futures +0.0184%gTrade (Gains Network) −0.0120%Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Derive +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Nado +0.0100%Popdex +0.0096%Lighter +0.0096%Paradex +0.0093%Avantis −0.0055%Orderly +0.0039%Variational Omni +0.0034%Injective +0.0033%KuCoin +0.0018%GMX −0.0010%dYdX 0.0000%Kalshi 0.0000%Phoenix 0.0000%Polymarket Perps −0.0346%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitLINK_USDC-PERPETUAL	14.406	+0.0639	pay 0.0080% / 1h	43m 38s	$1.2M	$411K	50x	Long Deribit
SHORT	PopdexLINKUSDT	14.397	+0.0096	get 0.0012% / 1h	43m 38s	$231K	$493K	50x	Short Popdex

Price gap−0.060%

Funding gap−0.0543% /8h

Funding costs $16 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.300% in total, about −0.0150%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.060%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

DeribitPopdex

LINK on 41 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• ✓
  OK: Fits both order books9.0 / 4.9 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$200 + $200

  Deribit 50x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Deribit · 1h−$19.17

  Short Popdex · 1h+$2.88

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$16.29Long Deribit: 24 payments, −$19.17; short Popdex: 24 payments, +$2.88.
• i
  Note: Gap at its usual level−0.060% vs −0.076%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$231K vs $1.2M OI

  Popdex sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCDeribit Yes · Popdex No

  ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0150%/8h × 21 periods−$31.42

Price spread−0.060% → −0.076% (7d avg)+$1.61

Slippage, 4 orderslive order books−$13.48

Fee Deribit bp × 2 orders−$7.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$56.69

Costs to cover0.269%Break-evennever at this rate

Slippage: Deribit: live order book, 2 min ago; Popdex: live order book, 41 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGDeribit4.179.0 bp−$914.4 bp−$144doesn’t fitdoesn’t fit

SELL · SHORTPopdex0.704.9 bp−$521.7 bp−$217doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

LINK news

posts that mention LINK, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	LINKRUSDPERP no longer reported ($LINK) seen by our collector
09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-28 14:27	BloFin	Other	Start your week with BloFin Earn’s Monday Exclusive! Take advantage of high-yield savings on BTC and LINK with returns up to 55% APR. @BloFin_Official on X ↗
09-19 12:00	KuCoin	Other	Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗
09-19 11:24	OKX	Contest	New X Drops basket is now live in the EEA. Trade $CP, $SOL, $ZEC, $SUI, $HYPE, $LINK, $TAO, $ARB, $UNI or $NEAR and compete for a share of 150K USDC across four payouts, with a 3x multiplier on all CP trades. Join X Drops Club today. @okx on X ↗