LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0552%/8h= −60.4% APRnext payment −$0.69 per $10,000 · paid last 24h −0.026%

Price spread now: Derive against dYdX−0.075%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Derive

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 against this trade now: funding costs −$17 a day on $10k at the current rate, and Derive is 0.075% cheaper against dYdX than usual: you would sell low and buy high (−$7 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	dYdX LINK-USD	13.164	0.0652	pay 0.0081% / 1h	31m 48s	$349K	$48K	10x
Short	Derive LINK-PERP	13.155	0.0100	get 0.0013% / 1h	31m 48s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.075%Rate

Funding earned: −$115.83
Price spread: −0.075% → 0.000%: −$7.49
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$139.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 47 min ago; Derive: no order-book sample. 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 dYdX live order book, 47 min ago	78.47 bp	83.5 bp −$83	83.5 bp −$835	83.7 bp −$8,373	145.8 bp −$72.9K
Sell Derive no order-book sample	—	—	—	—	—

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	13.160	−0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.168	+0.025%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.160	−0.033%	$726K	$133K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	−0.025%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.048%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.807%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.155	−0.072%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.153	−0.086%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.158	−0.046%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	−0.049%	$401K	$311K	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	13.151	−0.101%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.003%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.147	−0.134%	$122.3M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.147	−0.132%	$84.7M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	−0.125%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.180	+0.118%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.151	−0.102%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.151	−0.102%	$36.8M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	−0.079%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	−0.140%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.150	−0.110%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.133%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.191%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.157%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.178	+0.103%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.167	+0.020%	$82K	$69K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	13.155	−0.075%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.178	+0.102%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.152	−0.094%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.140	−0.186%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.144	−0.154%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.060%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+0.073%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	−0.049%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0271%	1h	13.163	−0.011%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0275%	1h	13.165	+0.004%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	−0.052%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	−0.030%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.171	+0.050%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USDlong	+0.0652%	1h	13.164	long leg	$349K	$48K	10x