LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0265%/8h= +29.0% APRnext payment +$0.33 per $10,000 · paid last 24h +0.014%

Price spread now: Kraken Futures against Derive+0.087%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.087% dearer against Derive than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	13.134	0.0100	pay 0.0013% / 1h	17m 12s	$16K	$22K	10x
Short	Kraken Futures PF_LINKUSD	13.146	0.0365	get 0.0046% / 1h	17m 12s	$6.9M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.087%Rate

Funding earned: $55.71
Price spread: +0.087% → 0.000%: $8.68
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $48.39
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	1.52 bp	12.6 bp −$13	14.9 bp −$149	46.9 bp −$4,688	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	13.134	−0.002%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.149	+0.111%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.136	+0.014%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.590%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.254%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0039%	1h	13.142	+0.060%	$780K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.134	−0.001%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.138	+0.032%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.184	+0.381%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.148	+0.109%	$403K	$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	13.139	+0.037%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.144	+0.073%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.156	+0.166%	$122.2M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	+0.143%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.156	+0.166%	$27.5M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.158	+0.182%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.135	+0.006%	$130.1M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.145	+0.083%	$37.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.147	+0.098%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.145	+0.083%	$54.5M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.145	+0.083%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.176%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.156%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.185%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.182%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.148	+0.105%	$82K	$69K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	13.134	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.150	+0.124%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.137	+0.022%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.138	+0.029%	$646K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.131	−0.022%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	+0.022%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.153	+0.143%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0177%	1h	13.155	+0.159%	$364K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	+0.052%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0365%	1h	13.146	+0.087%	$6.9M	$8.0M	50x
Reya LINKRUSDPERP	+0.0382%	1h	13.138	+0.026%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0454%	1h	13.141	+0.050%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0554%	1h	13.168	+0.258%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0689%	8h	13.155	+0.159%	$20.4M	$11.6M	50x	as long as short