data as of
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h+0.050%paid, last 7 days+0.011%to open and close $10k−$38
Long on BackpackShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack LINK_USDC_PERP12.9090.0100pay 0.0013% / 1h39m 06s$351K$370K15x
ShortHyperliquid LINK12.9060.0100get 0.0013% / 1h39m 06s$75.3M$22.2M10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$19.4
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$38.4
Break-even
never at this rate
Slippage from Backpack: live order book, 61 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.023%
Avg gap 7d
+0.051%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 61 min ago1.55 bp13.7 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago0.39 bp7.6 bp −$810.3 bp −$103doesn't fitdoesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit LINKUSDT−0.0174%8h$82.3M$64.1M75xas long as short
Kraken Futures PF_LINKUSD−0.0167%1h$6.0M$6.4M50xas long as short
Variational Omni LINK−0.0126%8h$3.2M$1.2M—as long as short
GMX LINK/USD [LINK-USDC]L −0.0091% / S +0.0165%1h$1.7M—200xas long as short
OKX LINK-USDT-SWAP−0.0023%8h$26.8M$83.5M50xas long as short
Phoenix LINK−0.0012%1h$7K$68K10xas long as short
dYdX LINK-USD0.0000%1h$342K$60K10xas long as short
Kalshi KXLINKPERP0.0000%8h$469K$2.3M3.7xas long as short
Deribit LINK_USDC-PERPETUAL0.0000%1h$685K$106K50xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0011%1h$238K—150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International LINK-PERP-INTX+0.0008%1h$995K$2.6M50xas long as short
Injective LINK/USDC PERP+0.0033%1h$4K$48K12xas long as short
MEXC LINK_USDT+0.0048%8h$33.1M$55.6M300xas long as short
Binance LINKUSDT+0.0049%8h$116.7M$288.3M75xas long as short
Orderly PERP_LINK_USDC+0.0070%8h$142K$1.7M20xas long as short
Gate LINK_USDT+0.0073%8h$129.6M$12.1M75xas long as short
BingX LINK-USDC+0.0087%8h—$6.6M—as long as short
Bitget LINKUSDT+0.0089%8h$53.9M$29.5M75xas long as short
Paradex LINK-USD-PERP+0.0089%8h$31K$2K20xas long as short
Lighter LINK+0.0096%1h$2.0M$2.3M10xas long as short
Aevo LINK-PERP+0.0096%1h$543K$3403xas long as short
HTX LINK-USDT+0.0097%8h$625K$925K75xas long as short
Nado LINK-PERP+0.0100%1h$424K$283K10xas long as short
Hyperliquid LINKshort+0.0100%1h$75.3M$22.2M10x
Aster LINKUSDT+0.0100%8h$1.4M$2.4M50xas long as short
Pacifica LINK+0.0100%1h$272K$167K10xas long as short
Arcus LINK-USD+0.0100%1h$181K$126K10xas long as short
KuCoin LINKUSDTM+0.0100%8h$21.4M$16.4M75xas long as short
Backpack LINK_USDC_PERPlong+0.0100%1h$351K$370K15x
edgeX LINKUSDC+0.0100%4h$43K$306K20xas long as short
ApeX Omni LINKUSDT+0.0100%1h$130K$651K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h$77K$56K10xas long as short
Derive LINK-PERP+0.0100%1h$24K$13K10xas long as short
SunX LINK-USDT+0.0100%8h$33K$1.5M30xas long as short
SoDEX LINK-USD+0.0100%1h$4K$39K10xas long as short
Extended LINK-USD+0.0104%1h$651K$1.8M25xas long as short
BloFin LINK-USDT+0.0169%8h$5.2M$13.8M75xas long as short
Reya LINKRUSDPERP+0.0364%1h$4K$40020xas long as short
Phemex LINKUSDT+0.0395%8h$20.1M$11.2M50xas long as short