LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)−0.012%7-day average −0.025% · 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−$301as in the Price arb table

costs, in and out, $10k−$3023.024% of the position

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.012%, 7d avg −0.025%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.935	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	13m 17s	$184K	—	150x
Short	Bitget LINKUSDT	12.934	0.0100	get 0.0100% / 8h	3h 13m	$53.8M	$29.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.012%Rate

Funding earned: $20.1
Price spread: −0.012% → −0.025%: $1.33
Slippage, 4 orders: −$280.41
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$280.99
Costs to cover: 3.024%
Break-even: 104.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 36 min ago; Bitget: live order book, 6 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), 36 min ago	130.07 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Bitget live order book, 6 min ago	0.39 bp	9.4 bp −$9	12.1 bp −$121	23.8 bp −$2,381	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	12.936	+0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.940	+0.032%	$491K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	12.935	long leg	$184K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.140%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.931	−0.035%	$116K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.950	+0.114%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.936	+0.006%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.935	−0.004%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.935	−0.004%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.940	+0.032%	$1.2M	$2.4M	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	12.937	+0.013%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.939	+0.027%	$120.1M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.931	−0.035%	$83.5M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.933	−0.019%	$27.4M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.135%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.935	−0.004%	$128.2M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.936	+0.004%	$33.3M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.938	+0.019%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.934	−0.012%	$53.8M	$29.7M	75x
BingX LINK-USDT	+0.0100%	8h	12.936	+0.004%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.936	+0.004%	$339K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.933	−0.017%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.942	+0.054%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.939	+0.027%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.962	+0.205%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.940	+0.035%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.929	−0.048%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.948	+0.094%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.934	−0.012%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.910	−0.199%	$633K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.929	−0.048%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.935	−0.007%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.953	+0.135%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0106%	1h	12.939	+0.027%	$785K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.937	+0.012%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.937	+0.012%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0307%	1h	12.948	+0.097%	$80.9M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.933	−0.019%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.950	+0.112%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0836%	1h	12.933	−0.019%	$344K	$32K	10x	as long as short