LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0245%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.046%

Price spread now: Injective against Kraken Futures−3.502%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.938%+$94 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 3.502% cheaper against Kraken Futures than usual: you would sell low and buy high (−$350 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.938%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.850	0.0279	pay 0.0035% / 1h	23m 11s	$6.6M	$8.3M	50x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	23m 11s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.502%Rate

Funding earned: −$51.52
Price spread: −3.502% → 0.000%: −$350.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$411.71
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 1 min ago	3.50 bp	10.5 bp −$10	16.2 bp −$162	39.0 bp −$3,901	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 −0.0089% / S +0.0166%	1h	12.843	−0.054%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.855	+0.038%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.846	−0.031%	$155K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−3.502%	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0041%	8h	12.839	−0.085%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.826	−0.189%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.849	−0.008%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.845	−0.039%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.838	−0.093%	$344K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.853	+0.024%	$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	12.849	−0.004%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.861	+0.089%	$118.2M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.848	−0.015%	$82.9M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.854	+0.031%	$27.2M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.859	+0.070%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.849	−0.008%	$124.0M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.854	+0.031%	$32.7M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.853	+0.024%	$22.7M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.850	0.000%	$53.7M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.852	+0.016%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.861	+0.086%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.277%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.810	−0.311%	$42K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.833	−0.130%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.810	−0.311%	$131K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.849	−0.008%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.844	−0.044%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.859	+0.070%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.850	0.000%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.828	−0.172%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.842	−0.058%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.850	−0.002%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	+0.055%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0201%	1h	12.854	+0.032%	$793K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.854	+0.031%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0225%	1h	12.866	+0.125%	$80.1M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0279%	1h	12.850	long leg	$6.6M	$8.3M	50x
Reya LINKRUSDPERP	+0.0395%	1h	12.841	−0.070%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0585%	8h	12.855	+0.039%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0793%	1h	12.849	−0.008%	$342K	$33K	10x	as long as short