LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Arcus against gTrade (Gains Network)+0.180%46s7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3173.172% of the position

Long on gTrade (Gains Network)Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 3 days (all we have)−0.191%−$19 · spread now +0.180%, 7d avg +0.061%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.119% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.061%. The two prices were read 46 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	gTrade (Gains Network) LINK/USD	13.165	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	15m 42s	$134K	—	150x
Short	Arcus LINK-USD	13.189	0.0100	get 0.0013% / 1h	15m 42s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ArcusbpOrdersPrice spread, now +0.180%Rate

Funding earned: $20.16
Price spread: +0.180% → +0.061%: $11.94
Slippage, 4 orders: −$302.66
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$285.06
Costs to cover: 3.172%
Break-even: 106.0 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 53 min ago; Arcus: live order book, 57 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 gTrade (Gains Network) virtual book (oracle venue), 53 min ago	130.01 bp	141.0 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Arcus live order book, 57 min ago	11.44 bp	13.8 bp −$14	21.0 bp −$210	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	13.165	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.165	−0.006%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0007%	1h	13.165	long leg	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.813%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	+0.017%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.164	−0.010%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.176	+0.080%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.207	+0.314%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.161	−0.029%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.179	+0.101%	$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	13.180	+0.113%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.182	+0.126%	$122.4M	$299.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.178	+0.096%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.177	+0.089%	$27.6M	$84.1M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.189	+0.180%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.176	+0.081%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.181	+0.119%	$37.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	+0.150%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.175	+0.074%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.178	+0.096%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.082%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	−0.081%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	−0.052%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	−0.055%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.168	+0.021%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.164	−0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.172	+0.053%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.175	+0.074%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.152	−0.097%	$648K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.172	+0.052%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.172	+0.049%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.180	+0.112%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	13.175	+0.077%	$782K	$211K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0178%	1h	13.180	+0.112%	$365K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	−0.185%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.183	+0.136%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.161	−0.030%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0457%	1h	13.180	+0.110%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.191	+0.195%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0615%	8h	13.183	+0.134%	$20.4M	$11.6M	50x	as long as short