LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.006%

Price spread now: Coinbase International against Extended−0.005%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.005%, 7d avg +0.071%

Together, before fees+0.087%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.076% cheaper against Extended than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.071%). If the spread goes back, that is −$8 on $10k: about 4.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.223	0.0104	pay 0.0013% / 1h	58m 16s	$678K	$1.8M	25x
Short	Coinbase International LINK-PERP-INTX	13.222	0.0160	get 0.0020% / 1h	58m 16s	$999K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.005%Rate

Funding earned: $11.76
Price spread: −0.005% → +0.071%: −$7.61
Slippage, 4 orders: −$22.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$33.49
Costs to cover: 0.376%
Break-even: 26.9 days

Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 1 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 Extended live order book, 5 min ago	1.51 bp	5.9 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.40 bp	13.8 bp −$14	16.4 bp −$164	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	13.228	+0.038%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.221	−0.012%	$488K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.229	+0.046%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.221%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.203	−0.148%	$4K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.226	+0.026%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.232	+0.071%	$725K	$128K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.225	+0.018%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.228	+0.037%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.226	+0.022%	$404K	$313K	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	13.235	+0.096%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.227	+0.030%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.230	+0.058%	$123.1M	$303.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.224	+0.011%	$85.5M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.230	+0.056%	$27.9M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.240	+0.132%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.230	+0.056%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.230	+0.056%	$37.2M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.232	+0.071%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.226	+0.026%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.229	+0.048%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.218%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.204	−0.137%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.148%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.207	−0.118%	$154K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.234	+0.086%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.223	+0.004%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.245	+0.172%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.227	+0.033%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.199	−0.175%	$649K	$891K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.223	long leg	$678K	$1.8M	25x
Aevo LINK-PERP	+0.0104%	1h	13.230	+0.060%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0160%	1h	13.222	−0.005%	$999K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	13.216	−0.050%	$5.3M	$17.2M	75x	as long as short
dYdX LINK-USD	+0.0232%	1h	13.223	0.000%	$350K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0269%	1h	13.231	+0.063%	$365K	$380K	15x	as long as short
Hyperliquid LINK	+0.0300%	1h	13.245	+0.169%	$78.3M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.229	+0.046%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0462%	8h	13.233	+0.079%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.236	+0.104%	$7.0M	$8.2M	50x	as long as short