LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.018%

Price spread now: Deribit against Extended+0.075%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.075%, 7d avg +0.055%

Together, before fees−0.164%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.150	0.0104	pay 0.0013% / 1h	32m 13s	$670K	$1.9M	25x
Short	Deribit LINK_USDC-PERPETUAL	13.160	0	get 0.0000% / 1h	32m 13s	$726K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21.84
Price spread: +0.075% → +0.055%: $1.96
Slippage, 4 orders: −$18.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Deribit: live order book, 47 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, 1 min ago	3.04 bp	5.5 bp −$6	7.1 bp −$71	doesn't fit	doesn't fit
Sell Deribit live order book, 47 min ago	4.17 bp	10.7 bp −$11	16.2 bp −$162	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	13.160	+0.075%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.168	+0.133%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.160	+0.075%	$726K	$133K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	+0.083%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+0.156%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.705%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.155	+0.036%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.153	+0.021%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.158	+0.061%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	+0.059%	$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	13.163	+0.096%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+0.111%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.153	+0.019%	$122.3M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.152	+0.013%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.154	+0.029%	$27.8M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.180	+0.226%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.160	+0.074%	$130.4M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	+0.051%	$36.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.159	+0.067%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.151	+0.006%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.153	+0.021%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+0.241%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+0.299%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+0.265%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.178	+0.211%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.167	+0.128%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.155	+0.033%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+0.210%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.152	+0.013%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.140	−0.078%	$646K	$884K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.150	long leg	$670K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.157	+0.048%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+0.181%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	+0.059%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0271%	1h	13.163	+0.097%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0273%	1h	13.174	+0.181%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	+0.055%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	+0.078%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.171	+0.158%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0652%	1h	13.164	+0.108%	$349K	$48K	10x	as long as short