LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.023%

Price spread now: Binance against gTrade (Gains Network)−0.052%52s7-day average −0.007% · you buy dearer than you sell

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−$2952.946% of the position

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.229%−$23 · spread now −0.052%, 7d avg −0.007%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.045% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.007%). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day). The two prices were read 52 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	13.087	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	46m 34s	$82K	—	150x
Short	Binance LINKUSDT	13.081	0.0100	get 0.0100% / 8h	2h 46m	$120.9M	$299.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.052%Rate

Funding earned: $20.27
Price spread: −0.052% → −0.007%: −$4.52
Slippage, 4 orders: −$274.61
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$278.86
Costs to cover: 2.946%
Break-even: 103.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 42 min ago; Binance: live order book, 12 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), 42 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Binance live order book, 12 min ago	0.38 bp	5.6 bp −$6	10.3 bp −$103	29.8 bp −$2,976	103.9 bp −$51.9K

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 +0.0165%	1h	13.086	−0.008%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.096	+0.063%	$456K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.086	−0.011%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0003% / S −0.0002%	1h	13.087	long leg	$82K	—	150x
Phoenix LINK	+0.0018%	1h	13.073	−0.109%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.252%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.228%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.079	−0.064%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0054%	1h	13.091	+0.024%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.087	−0.002%	$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	13.082	−0.045%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.089	+0.012%	$397K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.096	+0.066%	$77.3M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.090	+0.019%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.087	−0.006%	$274K	$153K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.081	−0.052%	$120.9M	$299.9M	75x
Bybit LINKUSDT	+0.0100%	8h	13.082	−0.041%	$84.4M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.082	−0.041%	$27.5M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.097	+0.073%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.084	−0.026%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.082	−0.041%	$35.6M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.087	−0.003%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.084	−0.026%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.082	−0.041%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.094	+0.050%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.093%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.076	−0.088%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.209%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	+0.028%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.081	−0.045%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.083%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.080	−0.057%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	−0.037%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.082	−0.038%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.086	−0.007%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.093	+0.043%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.084	−0.026%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.087	0.000%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0504%	8h	13.097	+0.073%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.088	+0.002%	$7.0M	$7.7M	50x	as long as short