LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0460%/8h= −50.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.063%

Price spread now: SoDEX against Hyperliquid−0.097%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on SoDEX

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SoDEX is 0.097% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LINK	13.175	0.0560	pay 0.0070% / 1h	19m 53s	$81.4M	$25.0M	10x
Short	SoDEX LINK-USD	13.162	0.0100	get 0.0013% / 1h	19m 53s	$14K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Hyperliquid. 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 HyperliquidbpFee SoDEXbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$96.52
Price spread: −0.097% → 0.000%: −$9.67
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$123.19
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; SoDEX: 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 Hyperliquid live order book, 4 min ago	1.14 bp	5.8 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 −0.0091% / S +0.0167%	1h	13.160	−0.112%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+0.030%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.160	−0.113%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.880%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.193	+0.139%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.169	−0.044%	$782K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.162	−0.097%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.162	−0.095%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.211	+0.277%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.154	−0.154%	$403K	$307K	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	13.161	−0.101%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.155	−0.153%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.155	−0.150%	$122.2M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.160	−0.112%	$84.8M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.161	−0.104%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	−0.006%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.156	−0.142%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.161	−0.104%	$36.9M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.164	−0.082%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.161	−0.104%	$54.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.152	−0.173%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	−0.132%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.172	−0.023%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.202	+0.207%	$601K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.176	+0.010%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.158	−0.127%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.162	−0.094%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	−0.003%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.162	−0.097%	$14K	$32K	10x
HTX LINK-USDT	+0.0100%	8h	13.145	−0.225%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.152	−0.176%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	−0.068%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.119%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	−0.059%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	−0.074%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	−0.020%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.152	−0.170%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	13.160	−0.109%	$349K	$48K	10x	as long as short
Hyperliquid LINKlong	+0.0560%	1h	13.175	long leg	$81.4M	$25.0M	10x
Phemex LINKUSDT	+0.0650%	8h	13.178	+0.025%	$20.4M	$11.6M	50x	as long as short