LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.025%

Price spread now: Deribit against Derive+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Deribit is 0.057% dearer against Derive than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	13.006	0.0100	pay 0.0013% / 1h	55m 55s	$16K	$22K	10x
Short	Deribit LINK_USDC-PERPETUAL	13.013	0	get 0.0000% / 1h	55m 55s	$773K	$212K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Derive. 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 DerivebpFee DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$21
Price spread: +0.057% → 0.000%: $5.73
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.27
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Deribit: live order book, 13 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Deribit live order book, 13 min ago	3.04 bp	10.2 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit

Derive: 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 −0.0091% / S +0.0167%	1h	13.005	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.042	+0.276%	$462K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.013	+0.057%	$773K	$212K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.006	0.000%	$131K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.657%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.118	+0.865%	$4K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	13.003	−0.020%	$129K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.016	+0.080%	$997K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.007	+0.009%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.085	+0.608%	$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	13.019	+0.106%	$398K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.009	+0.023%	$1.3M	$3.0M	50x	as long as short
dYdX LINK-USD	+0.0100%	1h	13.013	+0.059%	$345K	$48K	10x	as long as short
Pacifica LINK	+0.0100%	1h	13.018	+0.098%	$273K	$156K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.007	+0.010%	$120.9M	$299.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.002	−0.028%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.003	−0.020%	$27.4M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.026	+0.156%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.013	+0.057%	$129.0M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.009	+0.026%	$34.6M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.015	+0.072%	$22.5M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.008	+0.018%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.004	−0.013%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.008	+0.018%	$349K	$383K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.000	−0.040%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.071	+0.502%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.074	+0.527%	$589K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.080	+0.572%	$152K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.021	+0.118%	$81K	$70K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.006	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.020	+0.110%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.007	+0.010%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.002	−0.024%	$642K	$869K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.005	−0.005%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.010	+0.035%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.037	+0.241%	$5.3M	$15.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	13.010	+0.034%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.014	+0.062%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.023	+0.133%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0852%	1h	13.025	+0.149%	$83.6M	$27.4M	10x	as long as short