LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h −0.008%

Price spread now: Phoenix against gTrade (Gains Network)−0.165%7-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 Phoenix

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. Phoenix is 0.165% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.973	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	2m 37s	$185K	—	150x
Short	Phoenix LINK	12.952	0.0099	get 0.0012% / 1h	2m 37s	$3K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.165%Rate

Funding earned: $19.86
Price spread: −0.165% → 0.000%: −$16.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$13.63
Costs to cover: 0.170%
Break-even: 11.8 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 51 min ago; Phoenix: 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), 51 min ago	130.05 bp	141.1 bp −$141	963.4 bp −$9,634	10292.4 bp −$1.03M	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 −0.0089% / S +0.0166%	1h	12.972	−0.013%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	+0.111%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	12.973	long leg	$185K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.421%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.970	−0.027%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.974	+0.003%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.982	+0.066%	$943K	$2.7M	50x	as long as short
Phoenix LINKshort	+0.0099%	1h	12.952	−0.165%	$3K	$84K	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.974	+0.005%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.976	+0.019%	$392K	$310K	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	12.975	+0.013%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.975	+0.012%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.974	+0.004%	$120.0M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.970	−0.027%	$83.7M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.973	−0.004%	$27.4M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.987	+0.104%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.973	−0.004%	$128.5M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.974	+0.004%	$32.8M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.976	+0.019%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.972	−0.012%	$54.0M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.971	−0.019%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.982	+0.066%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	−0.233%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.943	−0.232%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	−0.121%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.944	−0.227%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.980	+0.050%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.970	−0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.991	+0.132%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.974	+0.004%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.960	−0.103%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	−0.032%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.976	+0.021%	$544K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.972	−0.012%	$5.3M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0274%	1h	12.979	+0.043%	$780K	$202K	50x	as long as short
Hyperliquid LINK	+0.0389%	1h	12.988	+0.112%	$81.3M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.971	−0.016%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.977	+0.030%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0453%	1h	12.976	+0.021%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0536%	8h	12.990	+0.127%	$20.1M	$11.4M	50x	as long as short