LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: Phoenix against Pacifica+0.253%47s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.253% dearer against Pacifica than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.967	0.0100	pay 0.0013% / 1h	45m 59s	$274K	$168K	10x
Short	Phoenix LINK	13.000	0.0098	get 0.0012% / 1h	45m 59s	$3K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.253%Rate

Funding earned: −$0.39
Price spread: +0.253% → 0.000%: $25.31
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.92
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 17 min ago; Phoenix: 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 Pacifica live order book, 17 min ago	5.38 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 −0.0090% / S +0.0167%	1h	12.979	+0.090%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.980	+0.101%	$479K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.979	+0.092%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.373%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.973	+0.046%	$936K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.977	+0.077%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.979	+0.089%	$1.9M	$2.8M	10x	as long as short
Phoenix LINKshort	+0.0098%	1h	13.000	+0.253%	$3K	$84K	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.964	−0.021%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.971	+0.028%	$394K	$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	12.980	+0.096%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.967	long leg	$274K	$168K	10x
Binance LINKUSDT	+0.0100%	8h	12.983	+0.123%	$119.6M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.975	+0.061%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.974	+0.053%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.984	+0.131%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.979	+0.092%	$128.2M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.979	+0.092%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.981	+0.107%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.980	+0.100%	$54.0M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.978	+0.084%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	+0.146%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	+0.032%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.986	+0.147%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.043	+0.584%	$593K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	+0.177%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.984	+0.131%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	+0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.994	+0.205%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.978	+0.084%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.949	−0.137%	$639K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.976	+0.069%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.983	+0.123%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0220%	1h	12.988	+0.161%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.975	+0.061%	—	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.975	+0.065%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0386%	1h	12.964	−0.023%	$343K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.981	+0.107%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0603%	8h	12.993	+0.200%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0721%	1h	12.998	+0.238%	$81.6M	$26.6M	10x	as long as short