LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%

Price spread now: Arcus against Injective+6.161%101s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Arcus

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Arcus is 6.161% dearer against Injective than usual: you sell high and buy low: +$616 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 101 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	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	19m 25s	$4K	$48K	12x
Short	Arcus LINK-USD	13.164	0.0100	get 0.0013% / 1h	19m 25s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. 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 InjectivebpFee ArcusbpOrdersPrice spread, now +6.161%Rate

Funding earned: $14
Price spread: +6.161% → 0.000%: $616.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $625.61
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Arcus: live order book, 54 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Arcus live order book, 54 min ago	11.44 bp	13.8 bp −$14	21.0 bp −$210	doesn't fit	doesn't fit

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 −0.0091% / S +0.0167%	1h	13.160	+6.129%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.179	+6.280%	$475K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.148	+6.031%	$133K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0036%	1h	13.168	+6.190%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0061%	1h	13.169	+6.202%	$782K	$211K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0066%	8h	13.138	+5.952%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.148	+6.033%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.212	+6.545%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.146	+6.020%	$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	13.151	+6.053%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.151	+6.053%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.148	+6.035%	$122.2M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.143	+5.992%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.140	+5.968%	$27.5M	$84.0M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.164	+6.161%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.149	+6.040%	$130.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	+6.073%	$36.8M	$58.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.154	+6.081%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.148	+6.032%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.152	+6.065%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.157	+6.107%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	+6.086%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	+6.116%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	+6.113%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.154	+6.081%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.162	+6.148%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+6.244%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.162	+6.145%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.145	+6.009%	$647K	$850K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.141	+5.972%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.166	+6.176%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	+6.121%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0181%	1h	13.167	+6.185%	$364K	$367K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.165	+6.169%	$5.2M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.172	+6.227%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.150	+6.045%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0419%	1h	13.146	+6.014%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.169	+6.202%	$81.3M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0650%	8h	13.178	+6.274%	$20.4M	$11.6M	50x	as long as short