LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.023%

Price spread now: gTrade (Gains Network) against Derive−0.038%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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.038% cheaper against Derive than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	13.139	0.0100	pay 0.0013% / 1h	17m 59s	$16K	$22K	10x
Short	gTrade (Gains Network) LINK/USD	13.134	L +0.0004% / S −0.0007%	get 0.0001% / 1h	17m 59s	$133K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.038%Rate

Funding earned: −$19.59
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 51 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 gTrade (Gains Network) virtual book (oracle venue), 51 min ago	130.01 bp	142.5 bp −$142	1049.2 bp −$10.5K	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	13.131	−0.056%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.130	−0.067%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0007%	1h	13.134	−0.038%	$133K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.621%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.220%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.139	+0.003%	$133K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0070%	1h	13.145	+0.052%	$780K	$211K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.142	+0.025%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.191	+0.397%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.112	−0.202%	$402K	$307K	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	13.137	−0.009%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.114	−0.190%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.151	+0.091%	$122.1M	$300.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.148	+0.072%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.149	+0.080%	$27.5M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.132	−0.050%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.150	+0.087%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.152	+0.102%	$36.7M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.153	+0.110%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.148	+0.072%	$54.6M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.148	+0.072%	—	$20.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.143%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.123%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.151%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.148%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.123	−0.118%	$81K	$69K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.139	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.123	−0.116%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.141	+0.019%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.107	−0.238%	$645K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.146	+0.058%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.143	+0.035%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.114	−0.187%	$999K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.159	+0.156%	$364K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	−0.035%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.159	+0.154%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.117	−0.167%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0422%	1h	13.111	−0.208%	$347K	$48K	10x	as long as short
Hyperliquid LINK	+0.0554%	1h	13.168	+0.224%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0728%	8h	13.161	+0.171%	$20.4M	$11.6M	50x	as long as short