LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.012%

Price spread now: Coinbase International against Injective+4.524%64s7-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 Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−1.020%−$102 on $10k

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 Coinbase International is 4.524% dearer against Injective than usual: you sell high and buy low: +$452 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.020%, so the current rate has only just turned in your favour. The two prices were read 64 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	4m 04s	$4K	$48K	12x
Short	Coinbase International LINK-PERP-INTX	12.961	0.0096	get 0.0012% / 1h	4m 04s	$941K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +4.524%Rate

Funding earned: $13.16
Price spread: +4.524% → 0.000%: $452.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $455.56
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	2.31 bp	13.3 bp −$13	15.7 bp −$157	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 −0.0089% / S +0.0166%	1h	12.951	+4.445%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.951	+4.444%	$521K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.947	+4.415%	$185K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0054%	8h	12.949	+4.427%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.958	+4.500%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0096%	1h	12.961	+4.524%	$941K	$2.7M	50x
Phoenix LINK	+0.0099%	1h	12.978	+4.662%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.942	+4.374%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.943	+4.379%	$391K	$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	12.956	+4.481%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.944	+4.385%	$274K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.957	+4.494%	$119.8M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.956	+4.484%	$83.6M	$72.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.958	+4.500%	$27.4M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.962	+4.532%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.957	+4.492%	$128.3M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.960	+4.516%	$32.8M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.955	+4.476%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.959	+4.508%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.956	+4.484%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.966	+4.565%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.943	+4.381%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.960	+4.515%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.958	+4.498%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.966	+4.565%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.960	+4.516%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.949	+4.424%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.972	+4.609%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.953	+4.460%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.889	+3.944%	$632K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.944	+4.390%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.952	+4.448%	$543K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.941	+4.363%	$5.2M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0229%	1h	12.956	+4.486%	$779K	$202K	50x	as long as short
Hyperliquid LINK	+0.0386%	1h	12.974	+4.629%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.952	+4.451%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.963	+4.541%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0421%	1h	12.943	+4.381%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0544%	8h	12.969	+4.589%	$20.0M	$11.4M	50x	as long as short