Funding you earn now, next payment 05:00 UTC+0.0687%/8h= +75.2% APRnext payment +$0.86 per $10,000 · paid last 24h +0.032%
Price spread now: dYdX against Arcus−0.117%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1061.057% of the position
Funding, last 4 days (all we have)+0.185%+$18 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.117%, 7d avg −0.059%
=Funding pays, the price is against you. dYdX is 0.059% cheaper against Arcus than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.059%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$21 a day). At the pace of the last 4 days (+0.185% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.185% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus LINK-USD | 12.963 | 0.0100 | pay 0.0013% / 1h | 25m 58s | $181K | $167K | 10x |
| Short | dYdX LINK-USD | 12.948 | 0.0787 | get 0.0098% / 1h | 25m 58s | $344K | $31K | 10x |
Arcus LINK-USD
dYdX LINK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $144.23
- Price spread: −0.117% → −0.059%
- −$5.89
- Slippage, 4 orders
- −$91.23
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $32.6
- Costs to cover
- 1.057%
- Break-even
- 5.4 days
Slippage from Arcus: live order book, 27 min ago; dYdX: live order book, 28 min ago.
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 Arcus live order book, 27 min ago | 6.13 bp | 20.6 bp −$21 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 28 min ago | 33.30 bp | 38.3 bp −$38 | 149.8 bp −$1,498 | 173.8 bp −$17.4K | 212.3 bp −$106.1K |
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 | 12.943 | −0.154% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.953 | −0.076% | $493K | $2.3M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0006% | 1h | 12.944 | −0.143% | $184K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −4.343% | $4K | $48K | 12x | as long as short |
| Orderly PERP_LINK_USDC | +0.0049% | 8h | 12.940 | −0.177% | $117K | $1.1M | 20x | as long as short |
| Phoenix LINK | +0.0074% | 1h | 12.990 | +0.207% | $3K | $82K | 10x | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.942 | −0.158% | $1.9M | $2.8M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 12.947 | −0.122% | $31K | $2K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 12.942 | −0.158% | $391K | $308K | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 12.945 | −0.139% | $1.2M | $2.4M | 50x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Orderly PERP_LINK_USDC
Phoenix LINK
Lighter LINK
Paradex LINK-USD-PERP
Nado LINK-PERP
Aster LINKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LINK | +0.0100% | 1h | 12.949 | −0.106% | $276K | $181K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.943 | −0.154% | $120.1M | $300.1M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.942 | −0.162% | $83.6M | $72.4M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.946 | −0.131% | $27.4M | $81.0M | 50x | as long as short |
| Arcus LINK-USDlong | +0.0100% | 1h | 12.963 | long leg | $181K | $167K | 10x | |
| Gate LINK_USDT | +0.0100% | 8h | 12.944 | −0.147% | $128.2M | $12.9M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.947 | −0.123% | $32.7M | $56.9M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.950 | −0.100% | $22.7M | $13.4M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 12.943 | −0.154% | $53.9M | $29.5M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 12.943 | −0.154% | — | $6.6M | — | as long as short |
| Backpack LINK_USDC_PERP | +0.0100% | 1h | 12.947 | −0.123% | $340K | $390K | 15x | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 12.938 | −0.192% | $3.3M | $1.6M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.981 | +0.135% | $43K | $305K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 12.976 | +0.100% | $591K | $2.8M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 12.997 | +0.262% | $133K | $674K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.956 | −0.054% | $81K | $70K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 12.941 | −0.171% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.957 | −0.046% | $33K | $1.5M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 12.943 | −0.154% | $11K | $64K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 12.924 | −0.299% | $634K | $694K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 12.942 | −0.160% | $631K | $2.0M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.944 | −0.149% | $543K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0104% | 1h | 12.975 | +0.093% | $924K | $2.7M | 50x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0136% | 1h | 12.947 | −0.120% | $786K | $210K | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 12.951 | −0.093% | $5.3M | $15.7M | 75x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0244% | 1h | 12.946 | −0.131% | $6.7M | $8.1M | 50x | as long as short |
| Hyperliquid LINK | +0.0331% | 1h | 12.959 | −0.031% | $81.0M | $27.5M | 10x | as long as short |
| Reya LINKRUSDPERP | +0.0392% | 1h | 12.941 | −0.172% | $4K | — | 20x | as long as short |
| Phemex LINKUSDT | +0.0554% | 8h | 12.961 | −0.015% | $20.0M | $11.3M | 50x | as long as short |
| dYdX LINK-USDshort | +0.0787% | 1h | 12.948 | −0.117% | $344K | $31K | 10x |
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Backpack LINK_USDC_PERP
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
Deribit LINK_USDC-PERPETUAL
BloFin LINK-USDT
Kraken Futures PF_LINKUSD
Hyperliquid LINK
Reya LINKRUSDPERP
Phemex LINKUSDT