LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.009%

Price spread now: SoDEX against Lighter+0.020%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.020% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINK	12.997	0.0096	pay 0.0012% / 1h	56m 41s	$1.9M	$2.8M	10x
Short	SoDEX LINK-USD	13.000	0.0100	get 0.0013% / 1h	56m 41s	$11K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Lighter. 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 LighterbpFee SoDEXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.84
Price spread: +0.020% → 0.000%: $2
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$5.16
Costs to cover: 0.080%
Break-even: 50.0 days

Slippage unknown: Lighter: live order book, 5 min ago; SoDEX: 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 Lighter live order book, 5 min ago	2.03 bp	3.4 bp −$3	9.6 bp −$96	69.9 bp −$6,995	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	12.998	+0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.006	+0.065%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.999	+0.012%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.596%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.999	+0.012%	$117K	$1.2M	20x	as long as short
Lighter LINKlong	+0.0096%	1h	12.997	long leg	$1.9M	$2.8M	10x
Phoenix LINK	+0.0099%	1h	12.981	−0.129%	$3K	$82K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.994	−0.028%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.999	+0.016%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.004	+0.049%	$1.3M	$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	12.993	−0.034%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.996	−0.008%	$120.4M	$298.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.984	−0.103%	$83.8M	$72.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.991	−0.049%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.010	+0.097%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.991	−0.049%	$128.7M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.992	−0.042%	$32.8M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.001	+0.028%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.988	−0.072%	$54.0M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.990	−0.057%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.990	−0.055%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.989	−0.067%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.977	−0.158%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.995	−0.018%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.006	+0.066%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.996	−0.007%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.013	+0.117%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	13.000	+0.020%	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.979	−0.138%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.987	−0.080%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.001	+0.024%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.012	+0.112%	$942K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0197%	1h	13.008	+0.082%	$341K	$386K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.999	+0.012%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0227%	1h	13.005	+0.055%	$782K	$202K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.004	+0.053%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0324%	1h	12.988	−0.071%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.997	−0.003%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0398%	1h	13.014	+0.128%	$81.5M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0517%	8h	13.014	+0.128%	$20.1M	$11.4M	50x	as long as short