LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0095%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.026%

Price spread now: dYdX against Derive−0.087%7-day average — · you buy dearer than you sell

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

Long on Derive Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.087% cheaper against Derive than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	Derive LINK-PERP	13.213	0.0100	pay 0.0013% / 1h	41m 26s	$16K	$22K	10x
Short	dYdX LINK-USD	13.201	0.0194	get 0.0024% / 1h	41m 26s	$350K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $19.85
Price spread: −0.087% → 0.000%: −$8.74
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$4.89
Costs to cover: 0.160%
Break-even: 8.7 days

Slippage unknown: Derive: no order-book sample; dYdX: live order book, 33 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 dYdX live order book, 33 min ago	44.42 bp	224.7 bp −$225	228.2 bp −$2,282	228.6 bp −$22.9K	238.7 bp −$119.4K

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	13.204	−0.067%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.213	+0.004%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	−0.060%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.150%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.387%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.201	−0.087%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.222	+0.072%	$768K	$185K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.199	−0.102%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.189	−0.176%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.197	−0.117%	$404K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.205	−0.054%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.203	−0.076%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.202	−0.080%	$122.6M	$304.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.199	−0.102%	$85.1M	$71.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.202	−0.080%	$27.9M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.213	+0.004%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.202	−0.080%	$130.7M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.202	−0.080%	$36.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.204	−0.064%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.202	−0.080%	$54.9M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.202	−0.080%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.146	−0.500%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	−0.203%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.127%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.352%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	−0.049%	$82K	$69K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.213	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.227	+0.111%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.213	+0.004%	$5K	$29K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.192	−0.154%	$649K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.191	−0.161%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.215	+0.020%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.214	+0.011%	$1.0M	$2.8M	50x	as long as short
Phemex LINKUSDT	+0.0155%	8h	13.223	+0.079%	$20.5M	$11.6M	50x	as long as short
dYdX LINK-USDshort	+0.0194%	1h	13.201	−0.087%	$350K	$48K	10x
Backpack LINK_USDC_PERP	+0.0208%	1h	13.227	+0.110%	$368K	$370K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	−0.125%	$5.3M	$16.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0363%	1h	13.220	+0.055%	$6.9M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.201	−0.085%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0538%	1h	13.221	+0.064%	$80.9M	$25.1M	10x	as long as short