LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Derive against Extended+0.064%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.064% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.151	0.0104	pay 0.0013% / 1h	20m 38s	$670K	$1.9M	25x
Short	Derive LINK-PERP	13.160	0.0100	get 0.0013% / 1h	20m 38s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.064%Rate

Funding earned: −$0.84
Price spread: +0.064% → 0.000%: $6.38
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Derive: 3 bp × 2 orders: −$6
Net: −$5.46
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 min ago; Derive: 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 Extended live order book, 3 min ago	1.52 bp	6.3 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 +0.0167%	1h	13.162	+0.077%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.166	+0.110%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	+0.074%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.714%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.316%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.160	+0.065%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.153	+0.010%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.211	+0.455%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.156	+0.034%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.164	+0.095%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.155	+0.023%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	+0.007%	$122.2M	$301.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	+0.012%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.148	−0.026%	$27.6M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	+0.171%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.154	+0.019%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.154	+0.019%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.156	+0.034%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.157	+0.042%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.156	+0.034%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+0.045%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	+0.154%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.384%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.186%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.162	+0.080%	$82K	$69K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	13.160	+0.064%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.176	+0.185%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.163	+0.088%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	−0.047%	$647K	$850K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.151	long leg	$670K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.164	+0.096%	$552K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0115%	1h	13.169	+0.136%	$782K	$211K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.162	+0.080%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.169	+0.133%	$366K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+0.103%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+0.158%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.158	+0.050%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	13.160	+0.067%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0560%	1h	13.170	+0.141%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0635%	8h	13.179	+0.209%	$20.4M	$11.6M	50x	as long as short