LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.054%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.040%52s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3063.058% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.040%, 7d avg −0.013%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 52 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	Kraken Futures PF_LINKUSD	12.928	0.0277	pay 0.0035% / 1h	15m 26s	$6.6M	$8.3M	50x
Short	gTrade (Gains Network) LINK/USD	12.923	L +0.0004% / S −0.0005%	get 0.0001% / 1h	15m 26s	$157K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.040%Rate

Funding earned: −$57.18
Price spread: −0.040% → −0.013%: −$2.74
Slippage, 4 orders: −$285.84
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$365.75
Costs to cover: 3.058%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 29 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	3.09 bp	11.0 bp −$11	16.2 bp −$162	42.4 bp −$4,237	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 29 min ago	130.04 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0089% / S +0.0166%	1h	12.922	−0.046%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.926	−0.015%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0005%	1h	12.923	−0.040%	$157K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.083%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0035%	8h	12.916	−0.092%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.924	−0.028%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.928	+0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.924	−0.030%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.925	−0.026%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.927	−0.010%	$1.2M	$2.4M	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	12.930	+0.013%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.925	−0.026%	$118.8M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.923	−0.038%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.923	−0.038%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.940	+0.094%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.918	−0.076%	$124.3M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.926	−0.015%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.926	−0.015%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.924	−0.030%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.924	−0.030%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.920	−0.058%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.924	−0.029%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	−0.007%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.931	+0.024%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.930	+0.016%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.923	−0.037%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.935	+0.053%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.923	−0.038%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.217%	$632K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.920	−0.061%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.923	−0.034%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	12.932	+0.032%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.923	−0.038%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.925	−0.022%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.936	+0.063%	$80.5M	$27.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0237%	1h	12.930	+0.017%	$801K	$246K	50x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0277%	1h	12.928	long leg	$6.6M	$8.3M	50x
Reya LINKRUSDPERP	+0.0396%	1h	12.921	−0.057%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0567%	8h	12.937	+0.070%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0676%	1h	12.923	−0.036%	$344K	$33K	10x	as long as short