LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.026%

Price spread now: Phoenix against SoDEX−0.300%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Phoenix

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.300% cheaper against SoDEX than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	13.181	0.0100	pay 0.0013% / 1h	14m 40s	$14K	$32K	10x
Short	Phoenix LINK	13.142	0.0036	get 0.0005% / 1h	14m 40s	$4K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.300%Rate

Funding earned: −$13.35
Price spread: −0.300% → 0.000%: −$29.97
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$58.32
Costs to cover: 0.150%
Break-even: never at this rate

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

SoDEX and 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 −0.0091% / S +0.0167%	1h	13.180	−0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.182	+0.008%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.180	−0.006%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.925%	$4K	$48K	12x	as long as short
Phoenix LINKshort	+0.0036%	1h	13.142	−0.300%	$4K	$89K	10x
Orderly PERP_LINK_USDC	+0.0068%	8h	13.179	−0.015%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.189	+0.062%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.231	+0.383%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.178	−0.019%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.190	+0.069%	$1.4M	$3.0M	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	13.191	+0.079%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.196	+0.114%	$122.5M	$299.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.193	+0.091%	$85.0M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.196	+0.114%	$27.6M	$84.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.207	+0.197%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.192	+0.083%	$130.7M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.191	+0.076%	$37.1M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.195	+0.106%	$23.1M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.187	+0.046%	$54.7M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.192	+0.083%	—	$21.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.201%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.139	−0.315%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.140	−0.309%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.150	−0.235%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.186	+0.038%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.177	−0.027%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.196	+0.111%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	13.181	long leg	$14K	$32K	10x
HTX LINK-USDT	+0.0100%	8h	13.162	−0.145%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.184	+0.024%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.183	+0.017%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.174	−0.053%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0122%	1h	13.188	+0.052%	$783K	$211K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0179%	1h	13.190	+0.068%	$365K	$363K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.184	+0.023%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.189	+0.061%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.180	−0.005%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0447%	1h	13.190	+0.065%	$349K	$48K	10x	as long as short
Hyperliquid LINK	+0.0559%	1h	13.202	+0.159%	$81.5M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0600%	8h	13.197	+0.121%	$20.4M	$11.6M	50x	as long as short