LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: KuCoin against gTrade (Gains Network)+0.028%7-day average −0.009% · 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−$304as in the Price arb table

costs, in and out, $10k−$3073.074% of the position

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.309%−$31 · spread now +0.028%, 7d avg −0.009%

Together, before fees−0.230%−$23 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 KuCoin is 0.036% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.024	L +0.0004% / S −0.0009%	pay 0.0001% / 1h	33m 19s	$160K	—	150x
Short	KuCoin LINKUSDTM	13.028	0.0100	get 0.0100% / 8h	5h 33m	$23.1M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $20.13
Price spread: +0.028% → −0.009%: $3.63
Slippage, 4 orders: −$285.39
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$283.62
Costs to cover: 3.074%
Break-even: 105.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 26 min ago; KuCoin: 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), 26 min ago	130.06 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell KuCoin live order book, 6 min ago	1.54 bp	11.5 bp −$12	19.2 bp −$192	60.1 bp −$6,014	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	13.024	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.011	−0.104%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0009%	1h	13.024	long leg	$160K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.794%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.007	−0.134%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.023	−0.011%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.014	−0.079%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.016	−0.064%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.024	0.000%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.023	−0.011%	$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	13.026	+0.011%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.022	−0.021%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.027	+0.019%	$120.1M	$295.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.024	−0.003%	$84.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.025	+0.005%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.033	+0.066%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.025	+0.005%	$128.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.026	+0.012%	$32.1M	$57.0M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.028	+0.028%	$23.1M	$13.6M	75x
Bitget LINKUSDT	+0.0100%	8h	13.024	−0.003%	$54.2M	$29.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.027	+0.020%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.020	−0.034%	$344K	$380K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.994	−0.234%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.004	−0.160%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.016	−0.065%	$585K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.005	−0.149%	$133K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.031	+0.051%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.023	−0.011%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.024	−0.005%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.011	−0.103%	$23K	$53K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.992	−0.247%	$641K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.019	−0.043%	$661K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.026	+0.010%	$546K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.010	−0.111%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0265%	1h	13.016	−0.064%	$773K	$183K	50x	as long as short
dYdX LINK-USD	+0.0365%	1h	13.014	−0.077%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.025	+0.003%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.014	−0.078%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0611%	8h	13.025	+0.005%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0645%	1h	13.045	+0.158%	$81.8M	$27.1M	10x	as long as short