LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.045%

Price spread now: Kraken Futures against Injective+4.346%7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.928%−$93 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 $0 a day on $10k at the current rate, and Kraken Futures is 4.346% dearer against Injective than usual: you sell high and buy low: +$435 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 −0.928%, so the current rate has only just turned in your favour.

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	22m 51s	$4K	$48K	12x
Short	Kraken Futures PF_LINKUSD	12.939	0.0049	get 0.0006% / 1h	22m 51s	$6.4M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +4.346%Rate

Funding earned: $3.29
Price spread: +4.346% → 0.000%: $434.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $427.88
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	2.32 bp	14.0 bp −$14	17.1 bp −$171	56.1 bp −$5,605	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
Orderly PERP_LINK_USDC	−0.0122%	8h	12.928	+4.258%	$91K	$936K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.934	+4.307%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.921	+4.205%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0002%	1h	12.931	+4.280%	$106K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Bybit LINKUSDT	+0.0040%	8h	12.943	+4.379%	$83.7M	$72.5M	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0049%	1h	12.939	+4.346%	$6.4M	$8.4M	50x
Phoenix LINK	+0.0087%	1h	12.845	+3.586%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.937	+4.329%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.916	+4.165%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.912	+4.133%	$348K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.950	+4.435%	$80.9M	$27.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.935	+4.315%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.913	+4.138%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.937	+4.331%	$119.4M	$295.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.943	+4.379%	$27.1M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.927	+4.250%	$181K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.936	+4.323%	$134.3M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.931	+4.282%	$35.1M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.939	+4.347%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.943	+4.379%	$54.0M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.933	+4.298%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.943	+4.379%	$336K	$384K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	+3.508%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.860	+3.708%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.865	+3.751%	$588K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.850	+3.629%	$131K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.922	+4.210%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.822	+3.405%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.952	+4.450%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.936	+4.323%	$11K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	+4.032%	$630K	$698K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.928	+4.259%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.936	+4.323%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.938	+4.339%	$927K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.929	+4.266%	$5.3M	$15.9M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0268%	1h	12.944	+4.385%	$810K	$266K	50x	as long as short
Phemex LINKUSDT	+0.0325%	8h	12.945	+4.395%	$20.0M	$11.4M	50x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.920	+4.197%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.1327%	1h	12.868	+3.773%	$346K	$49K	10x	as long as short