LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0319%/8h= −34.9% APRnext payment −$0.40 per $10,000 · paid last 24h −0.021%

Price spread now: Pacifica against dYdX+0.037%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$329as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2952.954% of the position

Long on dYdX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.037%, 7d avg +0.001%

Together, before fees−0.377%+ Points / potential airdropPacifica: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.036% dearer against dYdX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.001%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.146	0.0419	pay 0.0052% / 1h	19m 11s	$348K	$48K	10x
Short	Pacifica LINK	13.151	0.0100	get 0.0013% / 1h	19m 11s	$276K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.037%Rate

Funding earned: −$66.94
Price spread: +0.037% → +0.001%: $3.62
Slippage, 4 orders: −$277.44
Fee dYdX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$358.76
Costs to cover: 2.954%
Break-even: never at this rate

Slippage from dYdX: live order book, 55 min ago; Pacifica: 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	44.42 bp	49.4 bp −$49	55.2 bp −$552	101.1 bp −$10.1K	139.2 bp −$69.6K
Sell Pacifica live order book, 54 min ago	3.82 bp	9.8 bp −$10	doesn't fit	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 −0.0091% / S +0.0167%	1h	13.150	+0.032%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.154	+0.065%	$475K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.133	−0.095%	$780K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.148	+0.017%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.673%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.166%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.138	−0.059%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.120	−0.198%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.212	+0.501%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.146	+0.006%	$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	13.149	+0.025%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	13.151	+0.037%	$276K	$154K	10x
Binance LINKUSDT	+0.0100%	8h	13.121	−0.190%	$121.9M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.118	−0.211%	$84.6M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.118	−0.211%	$27.5M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.164	+0.139%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.149	+0.025%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	+0.055%	$36.8M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	+0.063%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.129	−0.127%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.150	+0.033%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.088%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+0.068%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+0.096%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+0.093%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.154	+0.063%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.141	−0.037%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.158	+0.096%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.122	−0.180%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.100	−0.348%	$644K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.136	−0.074%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.141	−0.036%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.140	−0.044%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	+0.162%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.134	−0.089%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0366%	1h	13.130	−0.122%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.150	+0.029%	$5K	—	20x	as long as short
dYdX LINK-USDlong	+0.0419%	1h	13.146	long leg	$348K	$48K	10x
Hyperliquid LINK	+0.0557%	1h	13.169	+0.177%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0695%	8h	13.141	−0.036%	$20.3M	$11.6M	50x	as long as short