LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%

Price spread now: Injective against gTrade (Gains Network)−4.643%55s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 4.643% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −4.643% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$464 on $10k: about 18 months of funding at the current rate (+$1 a day). The two prices were read 55 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	13.004	L +0.0004% / S −0.0009%	pay 0.0001% / 1h	41m 50s	$159K	—	150x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	41m 50s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.643%Rate

Funding earned: $6.14
Price spread: −4.643% → 0.000%: −$464.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$468.14
Costs to cover: 0.100%
Break-even: 541.1 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 17 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 gTrade (Gains Network) virtual book (oracle venue), 17 min ago	130.06 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	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 −0.0090% / S +0.0167%	1h	13.003	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.013	+0.072%	$480K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0009%	1h	13.004	long leg	$159K	—	150x
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−4.643%	$4K	$48K	12x
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.012	+0.064%	$939K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.001	−0.021%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.974	−0.229%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.004	+0.003%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.017	+0.100%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.012	+0.064%	$396K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.986	−0.133%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.976	−0.215%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.974	−0.228%	$119.6M	$296.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.970	−0.259%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.972	−0.244%	$27.3M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.021	+0.133%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.987	−0.128%	$128.3M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.976	−0.213%	$31.9M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.988	−0.121%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.971	−0.251%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.976	−0.213%	—	$22.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.250%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	−0.066%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.300%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.003	−0.005%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	+0.048%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.001	−0.021%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.027	+0.175%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.004	+0.002%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.959	−0.343%	$639K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.970	−0.258%	$701K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.005	+0.006%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.005	+0.010%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.015	+0.087%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0273%	1h	13.008	+0.032%	$773K	$193K	50x	as long as short
dYdX LINK-USD	+0.0335%	1h	12.974	−0.231%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.001	−0.021%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.005	+0.011%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0599%	8h	13.019	+0.118%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0691%	1h	12.989	−0.113%	$81.1M	$27.0M	10x	as long as short