LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.007%

Price spread now: Injective against Extended−5.935%100s7-day average — · you buy dearer than you sell

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

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+1.001%+$100 on $10k

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.935% cheaper against Extended than usual: you would sell low and buy high (−$593 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.001%, so the current rate has only just turned against you. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.182	0.0104	pay 0.0013% / 1h	15m 36s	$667K	$1.9M	25x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	15m 36s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.935%Rate

Funding earned: −$14.84
Price spread: −5.935% → 0.000%: −$593.46
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$613.32
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 min ago; Injective: 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	2.28 bp	5.4 bp −$5	6.8 bp −$68	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0092% / S +0.0166%	1h	13.183	+0.003%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.194	+0.086%	$493K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.184	+0.015%	$717K	$122K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.183	+0.008%	$134K	—	150x	as long as short
dYdX LINK-USD	+0.0016%	1h	13.187	+0.034%	$349K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.018%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−5.935%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0042%	8h	13.178	−0.033%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0087%	8h	13.164	−0.141%	$3.3M	$1.5M	—	as long as short
Lighter LINK	+0.0096%	1h	13.191	+0.063%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.184	+0.016%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.189	+0.054%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.200	+0.134%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.189	+0.051%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.187	+0.036%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.185	+0.019%	$122.2M	$301.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.185	+0.020%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.184	+0.013%	$27.9M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.198	+0.119%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.186	+0.028%	$131.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.184	+0.013%	$37.4M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.187	+0.036%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.184	+0.013%	$54.6M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.186	+0.028%	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.188	+0.046%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.164	−0.139%	$594K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.168	−0.109%	$153K	$663K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.189	+0.051%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.179	−0.029%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.194	+0.092%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.178	−0.033%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.157	−0.194%	$647K	$908K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.182	long leg	$667K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.183	+0.009%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.202	+0.149%	$993K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.191	+0.066%	$366K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.190	+0.058%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.184	+0.013%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0461%	8h	13.194	+0.089%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	13.187	+0.035%	$7.0M	$7.9M	50x	as long as short