LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.014%

Price spread now: SoDEX against Deribit−0.064%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.064% cheaper against Deribit than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	12.881	0	get 0.0000% / 1h	48m 23s	$769K	$189K	50x
Short	SoDEX LINK-USD	12.873	0.0100	get 0.0013% / 1h	48m 23s	$11K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $21
Price spread: −0.064% → 0.000%: −$6.44
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$0.44
Costs to cover: 0.150%
Break-even: 7.1 days

Slippage unknown: Deribit: live order book, 10 min ago; SoDEX: 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, 10 min ago	4.64 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	12.880	−0.011%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.890	+0.071%	$489K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	12.881	long leg	$769K	$189K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.881	−0.005%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.736%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.875	−0.049%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.873	−0.061%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.878	−0.026%	$938K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.339%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.883	+0.014%	$31K	$2K	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	12.891	+0.075%	$390K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	+0.079%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.882	+0.009%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.881	−0.001%	$119.1M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.879	−0.018%	$83.2M	$71.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.878	−0.026%	$27.2M	$81.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.907	+0.200%	$181K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.881	−0.002%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.885	+0.029%	$32.1M	$56.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.889	+0.060%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.873	−0.064%	$53.5M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.881	−0.002%	—	$22.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.891	+0.075%	$338K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.903	+0.170%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	+0.482%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.444%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	+0.254%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.889	+0.060%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.877	−0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.896	+0.116%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.873	−0.064%	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.871	−0.078%	$630K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.875	−0.048%	$637K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.886	+0.034%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.886	+0.036%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0378%	1h	12.898	+0.130%	$80.8M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.880	−0.011%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.874	−0.055%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0609%	8h	12.890	+0.068%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0717%	1h	12.885	+0.031%	$341K	$30K	10x	as long as short