LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0321%/8h= −35.1% APRnext payment −$0.40 per $10,000 · paid last 24h −0.030%

Price spread now: Arcus against dYdX+0.145%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1351.355% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.145%, 7d avg +0.058%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.088% dearer against dYdX than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.058%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	12.943	0.0421	pay 0.0053% / 1h	3m 54s	$343K	$30K	10x
Short	Arcus LINK-USD	12.962	0.0100	get 0.0013% / 1h	3m 54s	$181K	$166K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against dYdX. 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 dYdXbpFee ArcusbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$67.4
Price spread: +0.145% → +0.058%: $8.75
Slippage, 4 orders: −$120.96
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$194.11
Costs to cover: 1.355%
Break-even: never at this rate

Slippage from dYdX: live order book, 55 min ago; Arcus: live order book, 54 min ago.

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 dYdX live order book, 55 min ago	46.47 bp	51.5 bp −$51	51.5 bp −$515	180.5 bp −$18.0K	598.1 bp −$299.0K
Sell Arcus live order book, 54 min ago	13.93 bp	16.3 bp −$16	26.0 bp −$260	doesn't fit	doesn't fit

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 −0.0089% / S +0.0166%	1h	12.951	+0.062%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.951	+0.061%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.947	+0.033%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.197%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.949	+0.045%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.958	+0.114%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.961	+0.137%	$941K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.978	+0.269%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.942	−0.007%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.943	−0.002%	$391K	$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	12.959	+0.124%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.944	+0.004%	$274K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.965	+0.167%	$119.9M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.959	+0.122%	$83.6M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.959	+0.122%	$27.4M	$81.1M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	12.962	+0.145%	$181K	$166K	10x
Gate LINK_USDT	+0.0100%	8h	12.958	+0.114%	$128.3M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.963	+0.153%	$32.8M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.964	+0.161%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.959	+0.122%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.961	+0.137%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.966	+0.176%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	0.000%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.129%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	+0.113%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.966	+0.176%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	+0.130%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.949	+0.041%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+0.218%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.953	+0.076%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	−0.419%	$632K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.957	+0.109%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.952	+0.064%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.941	−0.017%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0229%	1h	12.956	+0.101%	$779K	$202K	50x	as long as short
Hyperliquid LINK	+0.0386%	1h	12.974	+0.238%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.952	+0.068%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.963	+0.153%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USDlong	+0.0421%	1h	12.943	long leg	$343K	$30K	10x
Phemex LINKUSDT	+0.0544%	8h	12.969	+0.199%	$20.0M	$11.4M	50x	as long as short