LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.026%

Price spread now: Lighter against gTrade (Gains Network)+0.016%7-day average −0.021% · 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−$286as in the Price arb table

costs, in and out, $10k−$2892.895% of the position

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.016%, 7d avg −0.021%

Together, before fees−0.092%+ Points / potential airdropLighter: Season 3 · farm board−$9 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 Lighter is 0.037% 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 −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.123	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	31m 49s	$83K	—	150x
Short	Lighter LINK	13.125	0.0096	get 0.0012% / 1h	31m 49s	$2.1M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.016%Rate

Funding earned: $19.43
Price spread: +0.016% → −0.021%: $3.71
Slippage, 4 orders: −$279.45
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$266.31
Costs to cover: 2.895%
Break-even: 102.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 57 min ago; Lighter: live order book, 5 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), 57 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Lighter live order book, 5 min ago	1.95 bp	2.2 bp −$2	10.7 bp −$107	70.6 bp −$7,058	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 −0.0091% / S +0.0165%	1h	13.121	−0.014%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.126	+0.024%	$466K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.122	−0.005%	$711K	$120K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0003% / S −0.0002%	1h	13.123	long leg	$83K	—	150x
Phoenix LINK	+0.0018%	1h	13.118	−0.033%	$3K	$84K	10x	as long as short
dYdX LINK-USD	+0.0026%	1h	13.124	+0.011%	$348K	$60K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.506%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	13.114	−0.065%	$134K	$1.6M	20x	as long as short
Variational Omni LINK	+0.0059%	8h	13.098	−0.186%	$3.3M	$1.5M	—	as long as short
Lighter LINKshort	+0.0096%	1h	13.125	+0.016%	$2.1M	$2.4M	10x

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	13.120	−0.020%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.118	−0.030%	$398K	$318K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.135	+0.095%	$77.6M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.126	+0.029%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+0.003%	$275K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.122	−0.004%	$121.3M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.121	−0.011%	$84.6M	$69.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.123	+0.004%	$27.7M	$84.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.133	+0.080%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.124	+0.011%	$130.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.121	−0.011%	$36.0M	$56.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.125	+0.019%	$22.0M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.123	+0.004%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.121	−0.011%	—	$21.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.132	+0.072%	$363K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.099	−0.177%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.106	−0.127%	$592K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.110	−0.095%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.125	+0.019%	$80K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.116	−0.052%	$16K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.136	+0.103%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.118	−0.034%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.103	−0.152%	$644K	$911K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.121	−0.015%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.122	−0.001%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.122	−0.004%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.118	−0.034%	$5.2M	$16.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0373%	1h	13.119	−0.024%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0482%	8h	13.134	+0.088%	$20.3M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.128	+0.044%	$7.0M	$7.8M	50x	as long as short