LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: Deribit against Pacifica+0.058%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.058%, 7d avg −0.008%

Together, before fees−0.128%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.066% dearer against Pacifica than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.008%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.092	0.0100	pay 0.0013% / 1h	11m 36s	$275K	$151K	10x
Short	Deribit LINK_USDC-PERPETUAL	13.100	0	get 0.0000% / 1h	11m 36s	$725K	$139K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$21
Price spread: +0.058% → −0.008%: $6.55
Slippage, 4 orders: −$22.94
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.39
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Deribit: live order book, 2 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 Pacifica live order book, 2 min ago	3.82 bp	11.5 bp −$12	19.9 bp −$199	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	1.91 bp	10.4 bp −$10	18.1 bp −$181	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	13.103	+0.082%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.112	+0.152%	$472K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALshort	0.0000%	1h	13.100	+0.058%	$725K	$139K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.103	+0.079%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	+0.124%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.288%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.096	+0.028%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.089	−0.028%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.087	−0.043%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.090	−0.018%	$400K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.095	+0.020%	$1.4M	$3.0M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.092	long leg	$275K	$151K	10x
Binance LINKUSDT	+0.0100%	8h	13.085	−0.056%	$121.6M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.086	−0.048%	$84.3M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.086	−0.048%	$27.5M	$85.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.106	+0.104%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.091	−0.010%	$129.8M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.088	−0.033%	$36.0M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.096	+0.028%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.085	−0.056%	$54.4M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.087	−0.041%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.125	+0.247%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	+0.064%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.100	+0.058%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	+0.104%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.089	−0.025%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.094	+0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.110	+0.135%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.095	+0.020%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.090	−0.018%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.083	−0.071%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.098	+0.043%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.125	+0.250%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0214%	1h	13.107	+0.112%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.108	+0.120%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0291%	1h	13.103	+0.085%	$77.7M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.084	−0.062%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.102	+0.072%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0487%	8h	13.112	+0.150%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0552%	1h	13.094	+0.015%	$347K	$48K	10x	as long as short