LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.047%

Price spread now: Injective against dYdX−5.104%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.713%+$71 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 5.104% cheaper against dYdX than usual: you would sell low and buy high (spread −5.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$510 on $10k: about 17 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.713% in total) that is about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.067	0	get 0.0000% / 1h	50m 53s	$346K	$60K	10x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	50m 53s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.104%Rate

Funding earned: $7
Price spread: −5.104% → 0.000%: −$510.45
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$513.47
Costs to cover: 0.100%
Break-even: 520.5 days

Slippage unknown: dYdX: live order book, 38 min ago; Injective: 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, 38 min ago	122.65 bp	127.6 bp −$128	144.8 bp −$1,448	148.2 bp −$14.8K	174.8 bp −$87.4K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 +0.0165%	1h	13.062	−0.041%	$1.7M	—	200x	as long as short
dYdX LINK-USDlong	0.0000%	1h	13.067	long leg	$346K	$60K	10x
Kalshi KXLINKPERP	0.0000%	8h	13.070	+0.021%	$455K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.063	−0.028%	$696K	$107K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.062	−0.037%	$83K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.082	+0.114%	$3K	$84K	10x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+0.325%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−5.104%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0056%	8h	13.054	−0.099%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.068	+0.009%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.046	−0.162%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.056	−0.084%	$396K	$319K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.074	+0.054%	$77.5M	$23.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.067	+0.001%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.061	−0.049%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.069	+0.015%	$120.9M	$301.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.068	+0.008%	$84.3M	$69.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.068	+0.008%	$27.6M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.081	+0.107%	$183K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.067	0.000%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.069	+0.015%	$35.3M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.071	+0.031%	$21.9M	$16.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.068	+0.008%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.069	+0.015%	—	$21.8M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.074	+0.054%	$362K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.089	+0.170%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.133	+0.505%	$591K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.089	+0.168%	$152K	$661K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.059	−0.061%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.060	−0.056%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.073	+0.046%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.059	−0.061%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.037	−0.227%	$638K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.066	−0.008%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.064	−0.023%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.063	−0.031%	$986K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.049	−0.138%	$5.2M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.057	−0.073%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0507%	1h	13.070	+0.020%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0517%	8h	13.073	+0.046%	$20.2M	$11.5M	50x	as long as short