LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.015%

Price spread now: Backpack against SoDEX+0.106%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Backpack

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.106% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread 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	SoDEX LINK-USD	13.173	0.0100	pay 0.0013% / 1h	54m 33s	$5K	$40K	10x
Short	Backpack LINK_USDC_PERP	13.187	0.0225	get 0.0028% / 1h	54m 33s	$367K	$374K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.106%Rate

Funding earned: $26.24
Price spread: +0.106% → 0.000%: $10.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $18.87
Costs to cover: 0.180%
Break-even: 2.0 days

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 29 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 SoDEX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 29 min ago	0.38 bp	6.3 bp −$6	417.3 bp −$4,173	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	13.173	−0.002%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.172	−0.008%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.171	−0.016%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.175	+0.018%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.175	+0.015%	$134K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.128	−0.343%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.868%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.171	−0.015%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.183	+0.074%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.178	+0.039%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.168	−0.038%	$400K	$316K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.183	+0.076%	$77.7M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.182	+0.070%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.177	+0.034%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.178	+0.035%	$122.2M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	−0.015%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.171	−0.015%	$27.7M	$86.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.192	+0.144%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.174	+0.008%	$130.7M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.180	+0.053%	$36.8M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.185	+0.091%	$22.4M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.182	+0.068%	$54.7M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.181	+0.061%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	−0.187%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.127	−0.348%	$44K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.281%	$589K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.129	−0.334%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.038%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.167	−0.047%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.193	+0.152%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	13.173	long leg	$5K	$40K	10x
HTX LINK-USDT	+0.0100%	8h	13.163	−0.079%	$647K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.181	+0.059%	$667K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.176	+0.025%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.106%	$991K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.174	+0.008%	$5.2M	$17.0M	75x	as long as short
Backpack LINK_USDC_PERPshort	+0.0225%	1h	13.187	+0.106%	$367K	$374K	15x
Reya LINKRUSDPERP	+0.0375%	1h	13.177	+0.030%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.192	+0.144%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.181	+0.059%	$6.9M	$8.0M	50x	as long as short