LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Arcus−0.034%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−$311as in the Price arb table

costs, in and out, $10k−$3133.130% of the position

Long on Arcus Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.034%, 7d avg −0.059%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.025% dearer against Arcus than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.059%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.139	0.0100	pay 0.0013% / 1h	58m 59s	$184K	$172K	10x
Short	gTrade (Gains Network) LINK/USD	13.134	L +0.0004% / S −0.0006%	get 0.0001% / 1h	58m 59s	$133K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Arcus. 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 ArcusbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.034%Rate

Funding earned: −$19.66
Price spread: −0.034% → −0.059%: $2.47
Slippage, 4 orders: −$298.52
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$330.2
Costs to cover: 3.130%
Break-even: never at this rate

Slippage from Arcus: live order book, 24 min ago; gTrade (Gains Network): virtual book (oracle venue), 20 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, 24 min ago	11.01 bp	16.0 bp −$16	32.5 bp −$325	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 20 min ago	130.05 bp	142.5 bp −$143	1049.3 bp −$10.5K	doesn't fit	doesn't fit

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	13.134	−0.035%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.133	−0.043%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.136	−0.021%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0006%	1h	13.134	−0.034%	$133K	—	150x
dYdX LINK-USD	+0.0012%	1h	13.116	−0.172%	$347K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.132	−0.050%	$3K	$78K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.624%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.133	−0.046%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.137	−0.014%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.116	−0.176%	$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	13.128	−0.084%	$399K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.142	+0.026%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.116	−0.178%	$275K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.135	−0.028%	$121.6M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.128	−0.084%	$84.6M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.130	−0.068%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.139	long leg	$184K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.134	−0.038%	$130.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.142	+0.023%	$36.5M	$55.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.139	0.000%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.140	+0.008%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.140	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.143	+0.031%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.139	−0.002%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	−0.020%	$589K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+0.068%	$153K	$666K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.138	−0.008%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.128	−0.080%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.152	+0.102%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.132	−0.053%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.103	−0.277%	$644K	$906K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.130	−0.067%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.136	−0.024%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.150	+0.084%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0127%	1h	13.150	+0.084%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.135	−0.030%	$5.2M	$16.9M	75x	as long as short
Hyperliquid LINK	+0.0261%	1h	13.151	+0.091%	$77.5M	$23.6M	10x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.134	−0.038%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0491%	8h	13.143	+0.030%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.142	+0.022%	$6.9M	$8.0M	50x	as long as short