LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Extended against Pacifica+0.093%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.093%, 7d avg −0.064%

Together, before fees−0.152%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.156% dearer against Pacifica than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.992	0.0100	pay 0.0013% / 1h	45m 13s	$274K	$168K	10x
Short	Extended LINK-USD	13.004	0.0104	get 0.0013% / 1h	45m 13s	$703K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0.84
Price spread: +0.093% → −0.064%: $15.63
Slippage, 4 orders: −$20.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.28
Costs to cover: 0.337%
Break-even: 151.0 days

Slippage from Pacifica: live order book, 18 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 Pacifica live order book, 18 min ago	5.38 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	1.15 bp	5.2 bp −$5	7.0 bp −$70	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 −0.0090% / S +0.0167%	1h	13.001	+0.071%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.002	+0.083%	$479K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.000	+0.062%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.554%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.973	−0.143%	$936K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.005	+0.103%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.010	+0.142%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.000	+0.064%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.001	+0.072%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.008	+0.130%	$395K	$316K	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	13.009	+0.132%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.992	long leg	$274K	$168K	10x
Binance LINKUSDT	+0.0100%	8h	13.015	+0.183%	$119.9M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.009	+0.134%	$84.1M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.013	+0.164%	$27.4M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.016	+0.188%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.014	+0.172%	$128.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.013	+0.164%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.017	+0.195%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.014	+0.172%	$54.1M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.011	+0.149%	—	$22.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.157%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.132%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.208%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	−0.013%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.016	+0.188%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	+0.130%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.011	+0.148%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.012	+0.157%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	−0.153%	$640K	$685K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	13.004	+0.093%	$703K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	13.011	+0.153%	$546K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	13.024	+0.249%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.005	+0.103%	—	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0296%	1h	13.014	+0.169%	$773K	$193K	50x	as long as short
dYdX LINK-USD	+0.0376%	1h	12.993	+0.010%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.006	+0.108%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.013	+0.167%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0601%	8h	13.025	+0.257%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0737%	1h	13.035	+0.334%	$81.9M	$26.6M	10x	as long as short