LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.040%

Price spread now: Extended against dYdX−0.114%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2742.736% of the position

Long on dYdX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.114%, 7d avg −0.065%

Together, before fees−0.246%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.050% cheaper against dYdX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.065%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.288%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.172	0	get 0.0000% / 1h	54m 05s	$349K	$60K	10x
Short	Extended LINK-USD	13.157	0.0104	get 0.0013% / 1h	54m 05s	$667K	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.114%Rate

Funding earned: $21.84
Price spread: −0.114% → −0.065%: −$4.98
Slippage, 4 orders: −$258.56
Fee dYdX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$256.71
Costs to cover: 2.736%
Break-even: 89.3 days

Slippage from dYdX: live order book, 30 min ago; Extended: live order book, 5 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, 30 min ago	125.69 bp	130.7 bp −$131	130.7 bp −$1,307	131.7 bp −$13.2K	191.2 bp −$95.6K
Sell Extended live order book, 5 min ago	2.29 bp	6.1 bp −$6	7.6 bp −$76	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 −0.0090% / S +0.0167%	1h	13.164	−0.059%	$1.8M	—	200x	as long as short
dYdX LINK-USDlong	0.0000%	1h	13.172	long leg	$349K	$60K	10x
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.030%	$471K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.164	−0.060%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.165	−0.054%	$133K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.128	−0.335%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.860%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.161	−0.083%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.159	−0.095%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.178	+0.047%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.180	+0.063%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.164	−0.060%	$77.6M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.161	−0.082%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.177	+0.042%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.154	−0.136%	$121.9M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	−0.144%	$84.7M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.154	−0.136%	$27.7M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.153%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.163	−0.068%	$130.6M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	−0.113%	$36.6M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.166	−0.045%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.161	−0.083%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.153	−0.144%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	−0.179%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.127	−0.340%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.273%	$589K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.129	−0.326%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.174	+0.016%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.160	−0.089%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.190	+0.140%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.160	−0.090%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.161	−0.086%	$647K	$903K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.157	−0.114%	$667K	$1.8M	25x
Aevo LINK-PERP	+0.0104%	1h	13.165	−0.054%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.190	+0.137%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0207%	1h	13.162	−0.075%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.174	+0.016%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.168	−0.029%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0475%	8h	13.172	+0.001%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.164	−0.059%	$6.9M	$8.0M	50x	as long as short