LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Injective+5.542%96s7-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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.104%−$110 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 5.542% dearer against Injective than usual: you sell high and buy low: +$554 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 −1.104%, so the current rate has only just turned in your favour. The two prices were read 96 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	53m 43s	$4K	$48K	12x
Short	Lighter LINK	13.087	0.0096	get 0.0012% / 1h	53m 43s	$2.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +5.542%Rate

Funding earned: $13.16
Price spread: +5.542% → 0.000%: $554.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $567.35
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 3 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 Lighter live order book, 3 min ago	1.64 bp	4.7 bp −$5	11.5 bp −$115	71.3 bp −$7,129	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 +0.0166%	1h	13.077	+5.463%	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	13.127	+5.867%	$3K	$84K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.085	+5.523%	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.097	+5.620%	$457K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.078	+5.465%	$696K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.078	+5.466%	$83K	—	150x	as long as short
Variational Omni LINK	+0.0031%	8h	13.109	+5.721%	$3.3M	$1.6M	—	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0057%	8h	13.069	+5.395%	$134K	$1.6M	20x	as long as short
Lighter LINKshort	+0.0096%	1h	13.087	+5.542%	$2.1M	$2.3M	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.076	+5.453%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.069	+5.391%	$396K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.099	+5.637%	$78.0M	$23.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.092	+5.582%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.096	+5.615%	$274K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.083	+5.508%	$121.0M	$300.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.085	+5.524%	$84.3M	$69.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.088	+5.548%	$27.6M	$84.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.100	+5.645%	$184K	$170K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.093	+5.589%	$130.6M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.089	+5.556%	$35.7M	$55.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.094	+5.597%	$21.8M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.085	+5.524%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.086	+5.532%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.086	+5.532%	$362K	$370K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.105	+5.689%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.113	+5.751%	$590K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.109	+5.718%	$153K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.069	+5.395%	$79K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.072	+5.420%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.090	+5.566%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.075	+5.444%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.060	+5.323%	$639K	$905K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.085	+5.526%	$665K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.079	+5.479%	$548K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.074	+5.435%	$989K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.132	+5.903%	$5.3M	$16.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.067	+5.378%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0507%	1h	13.085	+5.521%	$6.9M	$7.7M	50x	as long as short
Phemex LINKUSDT	+0.0515%	8h	13.092	+5.581%	$20.2M	$11.5M	50x	as long as short