LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.022%

Price spread now: Coinbase International against gTrade (Gains Network)−0.008%7-day average +0.012% · 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−$313as in the Price arb table

costs, in and out, $10k−$3113.106% of the position

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.008%, 7d avg +0.012%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$5 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	13.240	L +0.0004% / S −0.0007%	pay 0.0000% / 1h	55m 35s	$135K	—	150x
Short	Coinbase International LINK-PERP-INTX	13.239	0.0160	get 0.0020% / 1h	55m 35s	$1.0M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.008%Rate

Funding earned: $32.78
Price spread: −0.008% → +0.012%: −$1.95
Slippage, 4 orders: −$290.57
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$279.74
Costs to cover: 3.106%
Break-even: 66.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 18 min ago; Coinbase International: live order book, 3 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), 18 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.40 bp	13.8 bp −$14	16.4 bp −$164	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 −0.0090% / S +0.0167%	1h	13.240	+0.002%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.247	+0.051%	$484K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0007%	1h	13.240	long leg	$135K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.344%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.122%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.241	+0.008%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0058%	1h	13.251	+0.081%	$351K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.252	+0.090%	$2.0M	$2.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	13.249	+0.071%	$726K	$128K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.250	+0.074%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.238	−0.019%	$405K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.252	+0.093%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.253	+0.099%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.251	+0.086%	$123.3M	$303.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.248	+0.060%	$85.6M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.252	+0.091%	$28.0M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.263	+0.174%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.249	+0.068%	$131.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.254	+0.106%	$36.9M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.254	+0.106%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.250	+0.076%	$55.2M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.251	+0.083%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.350%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.214	−0.198%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.280%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.204%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.244	+0.030%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.238	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.255	+0.112%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.246	+0.045%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.218	−0.163%	$650K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	+0.062%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.243	+0.025%	$555K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0160%	1h	13.239	−0.008%	$1.0M	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	13.234	−0.045%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0323%	1h	13.266	+0.196%	$78.4M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0370%	1h	13.256	+0.121%	$366K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.237	−0.025%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.259	+0.144%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.256	+0.122%	$7.0M	$8.2M	50x	as long as short