LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0259%/8h= −28.4% APRnext payment −$0.32 per $10,000 · paid last 24h −0.021%

Price spread now: Extended against Kraken Futures−0.088%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.088%, 7d avg −0.069%

Together, before fees−0.024%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.218	0.0363	pay 0.0045% / 1h	40m 26s	$6.9M	$8.1M	50x
Short	Extended LINK-USD	13.206	0.0104	get 0.0013% / 1h	40m 26s	$722K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Kraken Futures. 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 Kraken FuturesbpFee ExtendedbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$54.45
Price spread: −0.088% → −0.069%: −$1.87
Slippage, 4 orders: −$23.82
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$95.14
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Extended: live order book, 3 min ago.

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 Kraken Futures live order book, 4 min ago	2.65 bp	13.3 bp −$13	17.2 bp −$172	41.2 bp −$4,121	doesn't fit
Sell Extended live order book, 3 min ago	1.14 bp	6.5 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit

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	13.211	−0.049%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.216	−0.018%	$475K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.211	−0.049%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.188%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.161	−0.427%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0045%	8h	13.210	−0.059%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.196	−0.164%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.208	−0.072%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.203	−0.114%	$405K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.211	−0.051%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.198	−0.150%	$277K	$152K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.211	−0.052%	$122.6M	$304.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.207	−0.082%	$85.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.209	−0.067%	$27.9M	$85.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.219	+0.009%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.208	−0.075%	$130.8M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.209	−0.067%	$36.6M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.211	−0.052%	$22.9M	$14.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.211	−0.052%	$55.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.209	−0.067%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.197	−0.154%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.186	−0.243%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.196	−0.167%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.166	−0.392%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.212	−0.044%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.211	−0.052%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.225	+0.056%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.210	−0.059%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.184	−0.254%	$648K	$870K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.206	−0.088%	$722K	$1.9M	25x
Aevo LINK-PERP	+0.0104%	1h	13.213	−0.041%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.206	−0.090%	$1.0M	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0144%	1h	13.217	−0.007%	$783K	$204K	50x	as long as short
dYdX LINK-USD	+0.0184%	1h	13.193	−0.185%	$349K	$48K	10x	as long as short
Backpack LINK_USDC_PERP	+0.0209%	1h	13.207	−0.082%	$367K	$371K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	−0.135%	$5.3M	$16.5M	75x	as long as short
Phemex LINKUSDT	+0.0268%	8h	13.219	+0.009%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0363%	1h	13.218	long leg	$6.9M	$8.1M	50x
Reya LINKRUSDPERP	+0.0381%	1h	13.207	−0.082%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0547%	1h	13.229	+0.084%	$81.1M	$25.2M	10x	as long as short