LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0339%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.065%

Price spread now: dYdX against Phoenix−0.101%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.487%+$49 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.101% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	13.044	0.0098	pay 0.0012% / 1h	15m 14s	$3K	$84K	10x
Short	dYdX LINK-USD	13.031	0.0437	get 0.0055% / 1h	15m 14s	$345K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phoenix. 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 PhoenixbpFee dYdXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $71.2
Price spread: −0.101% → 0.000%: −$10.12
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $44.08
Costs to cover: 0.170%
Break-even: 2.7 days

Slippage unknown: Phoenix: no order-book sample; dYdX: live order book, 49 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell dYdX live order book, 49 min ago	54.59 bp	59.6 bp −$60	144.0 bp −$1,440	199.1 bp −$19.9K	339.7 bp −$169.9K

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	13.026	−0.140%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.038	−0.047%	$483K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.027	−0.130%	$161K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.938%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	13.025	−0.146%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.041	−0.024%	$965K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.028	−0.120%	$1.9M	$2.8M	10x	as long as short
Phoenix LINKlong	+0.0098%	1h	13.044	long leg	$3K	$84K	10x
Paradex LINK-USD-PERP	+0.0100%	8h	13.030	−0.107%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.027	−0.127%	$394K	$312K	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	13.033	−0.085%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	−0.093%	$275K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.028	−0.126%	$120.5M	$296.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.022	−0.169%	$84.2M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.023	−0.162%	$27.4M	$82.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.047	+0.022%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.028	−0.123%	$128.6M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.026	−0.139%	$32.5M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.034	−0.077%	$23.0M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.019	−0.192%	$54.1M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.019	−0.192%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.031	−0.100%	$345K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.038	−0.047%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.032	−0.097%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.034	−0.077%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	−0.039%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.033	−0.085%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.025	−0.144%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.045	+0.008%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.029	−0.116%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.028	−0.120%	$643K	$691K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.023	−0.161%	$651K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.030	−0.107%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.033	−0.084%	$774K	$175K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.027	−0.131%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.024	−0.153%	$4K	—	20x	as long as short
dYdX LINK-USDshort	+0.0437%	1h	13.031	−0.101%	$345K	$30K	10x
Kraken Futures PF_LINKUSD	+0.0553%	1h	13.031	−0.099%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0587%	8h	13.043	−0.008%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0657%	1h	13.046	+0.015%	$82.1M	$27.3M	10x	as long as short