LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0370%/8h= −40.5% APRnext payment −$3.70 per $10,000 · paid last 24h −0.076%

Price spread now: KuCoin against Phemex−0.068%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.319%−$32 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.068%, 7d avg −0.101%

Together, before fees−0.375%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.033% dearer against Phemex than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.101%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.319% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LINKUSDT	13.201	0.0470	pay 0.0470% / 8h	7h 09m	$20.4M	$11.5M	50x
Short	KuCoin LINKUSDTM	13.192	0.0100	get 0.0100% / 8h	7h 09m	$23.0M	$14.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$77.65
Price spread: −0.068% → −0.101%: $3.26
Slippage, 4 orders: −$25.85
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$124.23
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 5 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 Phemex live order book, 5 min ago	1.89 bp	12.4 bp −$12	16.5 bp −$165	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.89 bp	11.1 bp −$11	21.9 bp −$219	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	13.188	−0.096%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.201	+0.003%	$465K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.189	−0.090%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.068%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	−0.109%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0038%	1h	13.194	−0.051%	$784K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.186	−0.114%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.187	−0.109%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.247	+0.350%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.190	−0.080%	$404K	$307K	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	13.194	−0.052%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.199	−0.018%	$277K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.185	−0.118%	$122.4M	$298.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.183	−0.136%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.183	−0.136%	$27.6M	$83.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.211	+0.076%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.187	−0.106%	$130.5M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.187	−0.106%	$36.7M	$59.2M	300x	as long as short
KuCoin LINKUSDTMshort	+0.0100%	8h	13.192	−0.068%	$23.0M	$14.4M	75x
Bitget LINKUSDT	+0.0100%	8h	13.182	−0.144%	$54.6M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.187	−0.106%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.240%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.174	−0.207%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.130%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.159%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.198	−0.023%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.186	−0.111%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.210	+0.065%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.186	−0.114%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.182	−0.146%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.183	−0.133%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.191	−0.076%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.203	+0.015%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0170%	1h	13.194	−0.053%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.170	−0.235%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.193	−0.064%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.188	−0.102%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0425%	1h	13.200	−0.008%	$350K	$48K	10x	as long as short
Phemex LINKUSDTlong	+0.0470%	8h	13.201	long leg	$20.4M	$11.5M	50x
Hyperliquid LINK	+0.0551%	1h	13.204	+0.023%	$81.5M	$25.0M	10x	as long as short