LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: SoDEX against Phoenix+0.124%70s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.124% dearer against Phoenix than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	Phoenix LINK	12.977	0.0099	pay 0.0012% / 1h	59m 54s	$3K	$84K	10x
Short	SoDEX LINK-USD	12.993	0.0100	get 0.0013% / 1h	59m 54s	$11K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0.24
Price spread: +0.124% → 0.000%: $12.41
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$2.35
Costs to cover: 0.150%
Break-even: 74.6 days

Slippage unknown: Phoenix: no order-book sample; SoDEX: 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 Phoenix no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Phoenix and SoDEX: 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 −0.0089% / S +0.0166%	1h	12.991	+0.112%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.995	+0.136%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.991	+0.110%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.446%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.991	+0.109%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.993	+0.122%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.992	+0.116%	$943K	$2.7M	50x	as long as short
Phoenix LINKlong	+0.0099%	1h	12.977	long leg	$3K	$84K	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.992	+0.114%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	+0.097%	$393K	$310K	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	12.994	+0.132%	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.994	+0.131%	$275K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.997	+0.155%	$120.4M	$298.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.993	+0.124%	$83.9M	$72.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.996	+0.147%	$27.5M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.232%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.990	+0.101%	$128.7M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.997	+0.155%	$32.8M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.991	+0.109%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.994	+0.132%	$54.0M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.996	+0.147%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	+0.147%	$340K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.990	+0.103%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.967	−0.074%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.971	−0.046%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	−0.015%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	+0.147%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.991	+0.107%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.233%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.993	+0.124%	$11K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.980	+0.022%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.989	+0.093%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.995	+0.136%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0212%	1h	12.999	+0.171%	$781K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.991	+0.109%	$5.3M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0306%	1h	13.012	+0.270%	$81.5M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.990	+0.101%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0393%	1h	12.994	+0.134%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0447%	1h	12.990	+0.097%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0530%	8h	13.005	+0.217%	$20.1M	$11.3M	50x	as long as short