LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%

Price spread now: Deribit against Injective+6.130%63s7-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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.186%−$119 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 6.130% dearer against Injective than usual: you sell high and buy low (spread +6.130% now, against zero (this spread has no 7-day history yet)): +$613 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 months. At the pace of the last 7 days (−1.186% in total) that is about 36 days. The two prices were read 63 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	32m 03s	$4K	$48K	12x
Short	Deribit LINK_USDC-PERPETUAL	13.160	0	get 0.0000% / 1h	32m 03s	$726K	$133K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +6.130%Rate

Funding earned: −$7
Price spread: +6.130% → 0.000%: $612.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $598.96
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 47 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 Deribit live order book, 47 min ago	4.17 bp	10.7 bp −$11	16.2 bp −$162	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	+6.130%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.168	+6.191%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.160	+6.130%	$726K	$133K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	+6.138%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.171	+6.216%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0044%	8h	13.155	+6.089%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.153	+6.073%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.158	+6.115%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.158	+6.113%	$401K	$311K	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	13.158	+6.115%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	+6.168%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.149	+6.042%	$122.3M	$304.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.150	+6.048%	$84.8M	$71.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.150	+6.048%	$27.7M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.180	+6.290%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.153	+6.073%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.157	+6.105%	$36.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.159	+6.121%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.146	+6.016%	$54.7M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.153	+6.073%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.182	+6.306%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.190	+6.367%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.185	+6.331%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.178	+6.274%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.167	+6.185%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.155	+6.085%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.178	+6.273%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.152	+6.065%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.140	+5.968%	$646K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.144	+6.002%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	+6.101%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.174	+6.242%	$997K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.158	+6.113%	$5.3M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0271%	1h	13.163	+6.153%	$363K	$379K	15x	as long as short
Hyperliquid LINK	+0.0272%	1h	13.169	+6.202%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.158	+6.109%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0477%	1h	13.161	+6.133%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0480%	8h	13.171	+6.218%	$20.4M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0652%	1h	13.164	+6.165%	$349K	$48K	10x	as long as short