LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h +0.026%

Price spread now: Kraken Futures against Pacifica+0.057%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.057%, 7d avg +0.004%

Together, before fees+0.125%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.828	0.0100	pay 0.0013% / 1h	39m 44s	$273K	$186K	10x
Short	Kraken Futures PF_LINKUSD	12.836	0.0279	get 0.0035% / 1h	39m 44s	$6.6M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.057%Rate

Funding earned: $37.58
Price spread: +0.057% → +0.004%: $5.36
Slippage, 4 orders: −$25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.06
Costs to cover: 0.430%
Break-even: 7.0 days

Slippage from Pacifica: live order book, 8 min ago; Kraken Futures: live order book, 4 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, 8 min ago	4.64 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.71 bp	10.8 bp −$11	14.8 bp −$148	37.2 bp −$3,720	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	12.829	+0.004%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.866	+0.295%	$499K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.831	+0.020%	$183K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.339%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.827	−0.011%	$99K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	+0.395%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.827	−0.008%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.825	−0.027%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.820	−0.062%	$342K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.829	+0.007%	$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 LINKlong	+0.0100%	1h	12.828	long leg	$273K	$186K	10x
Binance LINKUSDT	+0.0100%	8h	12.829	+0.001%	$118.5M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.823	−0.042%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.825	−0.027%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.844	+0.122%	$179K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.830	+0.012%	$123.6M	$14.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.828	−0.003%	$32.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.829	+0.005%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.826	−0.019%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.825	−0.027%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+0.098%	$337K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.841	+0.101%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.882	+0.419%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.898	+0.543%	$585K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.884	+0.433%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.830	+0.012%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	+0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.851	+0.174%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.834	+0.044%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.814	−0.114%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.823	−0.044%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.838	+0.079%	$538K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0108%	1h	12.842	+0.108%	$785K	$228K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.835	+0.051%	$914K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.849	+0.161%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0242%	1h	12.837	+0.067%	$80.0M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0279%	1h	12.836	+0.057%	$6.6M	$8.3M	50x
Reya LINKRUSDPERP	+0.0394%	1h	12.823	−0.044%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0584%	8h	12.843	+0.114%	$19.8M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0977%	1h	12.829	+0.001%	$342K	$33K	10x	as long as short