LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0279%/8h= +30.5% APRnext payment +$0.35 per $10,000 · paid last 24h +0.061%

Price spread now: Hyperliquid against Extended+0.121%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.121%, 7d avg +0.115%

Together, before fees+0.015%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.115%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.944	0.0104	pay 0.0013% / 1h	5m 24s	$632K	$2.0M	25x
Short	Hyperliquid LINK	12.960	0.0383	get 0.0048% / 1h	5m 24s	$81.1M	$27.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.121%Rate

Funding earned: $58.54
Price spread: +0.121% → +0.115%: $0.59
Slippage, 4 orders: −$10.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $34.42
Costs to cover: 0.247%
Break-even: 2.9 days

Slippage from Extended: live order book, 3 min ago; Hyperliquid: live order book, 8 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, 3 min ago	1.54 bp	6.6 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.38 bp	6.3 bp −$6	10.9 bp −$109	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 −0.0089% / S +0.0166%	1h	12.944	0.000%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.954	+0.077%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.945	+0.009%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.205%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.943	−0.010%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.945	+0.006%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.955	+0.083%	$942K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.978	+0.261%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.950	+0.041%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.938	−0.053%	$391K	$310K	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	12.952	+0.059%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.948	+0.027%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.947	+0.018%	$119.7M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.941	−0.026%	$83.5M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.945	+0.005%	$27.4M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.963	+0.144%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.944	−0.002%	$128.2M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.947	+0.021%	$32.7M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.949	+0.036%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.946	+0.013%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.945	+0.005%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.950	+0.044%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	−0.008%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+0.120%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	+0.104%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.966	+0.168%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.950	+0.044%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.949	+0.033%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.171%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.948	+0.029%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.936	−0.063%	$635K	$694K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.944	long leg	$632K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.948	+0.032%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0136%	1h	12.955	+0.083%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.964	+0.152%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINKshort	+0.0383%	1h	12.960	+0.121%	$81.1M	$27.4M	10x
Reya LINKRUSDPERP	+0.0391%	1h	12.941	−0.026%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.950	+0.047%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0396%	1h	12.943	−0.008%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0542%	8h	12.963	+0.144%	$20.0M	$11.4M	50x	as long as short