LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.065%

Price spread now: Hyperliquid against SoDEX+0.047%51s7-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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.047% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	SoDEX LINK-USD	12.834	0.0100	pay 0.0013% / 1h	39m 27s	$10K	$63K	10x
Short	Hyperliquid LINK	12.840	0.0242	get 0.0030% / 1h	39m 27s	$80.0M	$27.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.047%Rate

Funding earned: $29.76
Price spread: +0.047% → 0.000%: $4.68
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $17.44
Costs to cover: 0.170%
Break-even: 2.9 days

Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago	0.39 bp	6.7 bp −$7	11.1 bp −$111	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 −0.0089% / S +0.0166%	1h	12.829	−0.040%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.866	+0.252%	$499K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.831	−0.023%	$183K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.382%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.827	−0.055%	$99K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.879	+0.351%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.827	−0.052%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.825	−0.071%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.822	−0.094%	$342K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.826	−0.064%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.828	−0.044%	$273K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.823	−0.086%	$118.4M	$302.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.820	−0.109%	$82.7M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.823	−0.086%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.844	+0.078%	$179K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.820	−0.109%	$123.5M	$14.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.828	−0.047%	$32.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.829	−0.039%	$22.6M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.825	−0.070%	$53.6M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.825	−0.070%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+0.055%	$337K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.841	+0.058%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.882	+0.375%	$43K	$305K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.847	+0.102%	$574K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.859	+0.195%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.831	−0.023%	$80K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	−0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.851	+0.130%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.834	long leg	$10K	$63K	10x
HTX LINK-USDT	+0.0100%	8h	12.814	−0.157%	$629K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.823	−0.088%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.838	+0.035%	$538K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0108%	1h	12.842	+0.064%	$785K	$228K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.835	+0.008%	$914K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.849	+0.117%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINKshort	+0.0242%	1h	12.840	+0.047%	$80.0M	$27.6M	10x
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.836	+0.014%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.827	−0.053%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0584%	8h	12.843	+0.070%	$19.8M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0977%	1h	12.829	−0.043%	$342K	$33K	10x	as long as short