LINK

Alert

Funding spread now, next payment 19:00 UTC−0.0030%/8h

paid, last 24h−0.001%paid, last 7 days−0.007%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINK_USDC_PERP	12.922	0.0100	pay 0.0013% / 1h	14m 31s	$352K	$371K	15x
Short	Orderly PERP_LINK_USDC	12.921	0.0070	get 0.0070% / 8h	5h 14m	$146K	$1.6M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee OrderlybpOrdersRate

Funding earned: −$6.31
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.31
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 21 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.008%
Avg gap 7d: −0.012%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 21 min ago	0.39 bp	12.1 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0167%	1h	$6.0M	$6.3M	50x	as long as short
Bybit LINKUSDT	−0.0130%	8h	$82.4M	$64.4M	75x	as long as short
Variational Omni LINK	−0.0121%	8h	$3.2M	$1.2M	—	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0165%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0012%	1h	$3K	$68K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0008%	8h	$26.9M	$81.3M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$342K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$468K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	$118K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$991K	$2.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
MEXC LINK_USDT	+0.0067%	8h	$33.4M	$56.4M	300x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0067%	1h	$686K	$106K	50x	as long as short
Binance LINKUSDT	+0.0069%	8h	$117.1M	$287.6M	75x	as long as short
Orderly PERP_LINK_USDCshort	+0.0070%	8h	$146K	$1.6M	20x
HTX LINK-USDT	+0.0093%	8h	$623K	$919K	75x	as long as short
Paradex LINK-USD-PERP	+0.0094%	8h	$31K	$2K	20x	as long as short
BingX LINK-USDC	+0.0094%	8h	—	$6.6M	—	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.3M	10x	as long as short
Bitget LINKUSDT	+0.0096%	8h	$54.0M	$29.3M	75x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$544K	$340	3x	as long as short
Nado LINK-PERP	+0.0100%	1h	$392K	$294K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.4M	$22.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$271K	$167K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$126K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$129.7M	$12.2M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$16.1M	75x	as long as short
Backpack LINK_USDC_PERPlong	+0.0100%	1h	$352K	$371K	15x
edgeX LINKUSDC	+0.0100%	4h	$43K	$308K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$652K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$77K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	$4K	$39K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	$630K	$1.9M	25x	as long as short
BloFin LINK-USDT	+0.0187%	8h	$5.1M	$13.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0365%	1h	$4K	$200	20x	as long as short
Phemex LINKUSDT	+0.0444%	8h	$20.1M	$11.2M	50x	as long as short