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: Pacifica against Phoenix−0.064%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 Pacifica

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: Pacifica is 0.064% cheaper against Phoenix than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	13.000	0.0098	pay 0.0012% / 1h	45m 33s	$3K	$84K	10x
Short	Pacifica LINK	12.992	0.0100	get 0.0013% / 1h	45m 33s	$274K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.39
Price spread: −0.064% → 0.000%: −$6.36
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.97
Costs to cover: 0.150%
Break-even: 384.2 days

Slippage unknown: Phoenix: no order-book sample; Pacifica: live order book, 18 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 Pacifica live order book, 18 min ago	5.38 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit

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	−0.163%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.980	−0.152%	$479K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.979	−0.161%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.615%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.973	−0.207%	$936K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.977	−0.176%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.989	−0.082%	$1.9M	$2.8M	10x	as long as short
Phoenix LINKlong	+0.0098%	1h	13.000	long leg	$3K	$84K	10x
Paradex LINK-USD-PERP	+0.0100%	8h	13.001	+0.008%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.008	+0.066%	$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	12.981	−0.142%	$1.3M	$2.3M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	12.992	−0.064%	$274K	$168K	10x
Binance LINKUSDT	+0.0100%	8h	13.007	+0.054%	$119.8M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.007	+0.055%	$84.1M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.008	+0.062%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.016	+0.124%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.998	−0.015%	$128.3M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.004	+0.032%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.009	+0.070%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.008	+0.062%	$54.1M	$29.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.999	−0.007%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.986	−0.107%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.221%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.195%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.271%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	−0.076%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.016	+0.124%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.980	−0.151%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.994	−0.048%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.978	−0.168%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.949	−0.389%	$639K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.001	+0.010%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.983	−0.130%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0220%	1h	12.988	−0.092%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.975	−0.192%	—	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0376%	1h	12.993	−0.053%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.006	+0.044%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.981	−0.146%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0603%	8h	12.993	−0.053%	$20.0M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0732%	1h	13.029	+0.224%	$81.8M	$26.6M	10x	as long as short