LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.018%

Price spread now: SoDEX against Backpack−0.115%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on SoDEX

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 $0 a day on $10k at the current rate, and SoDEX is 0.115% cheaper against Backpack than usual: you would sell low and buy high (−$12 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	Backpack LINK_USDC_PERP	13.005	0.0110	pay 0.0014% / 1h	19m 51s	$338K	$386K	15x
Short	SoDEX LINK-USD	12.990	0.0100	get 0.0013% / 1h	19m 51s	$14K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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 BackpackbpFee SoDEXbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$2.16
Price spread: −0.115% → 0.000%: −$11.53
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 49 min ago; SoDEX: 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 Backpack live order book, 49 min ago	0.38 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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: 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	12.990	−0.115%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.012	+0.052%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.992	−0.103%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.652%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.024	+0.146%	$3K	$86K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0050%	1h	12.993	−0.089%	$772K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.988	−0.131%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.049	+0.338%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.998	−0.053%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.993	−0.095%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.992	−0.096%	$395K	$322K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.006	+0.008%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.995	−0.078%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.999	−0.046%	$119.4M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.995	−0.077%	$83.9M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.993	−0.092%	$27.4M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+0.046%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.000	−0.038%	$128.2M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.005	0.000%	$33.1M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.008	+0.023%	$22.5M	$14.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.998	−0.054%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.995	−0.077%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	+0.001%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.033	+0.219%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.032	+0.208%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.038	+0.254%	$134K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	−0.069%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.990	−0.117%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.002	−0.022%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.990	−0.115%	$14K	$41K	10x
HTX LINK-USDT	+0.0100%	8h	12.987	−0.139%	$641K	$858K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.000	−0.040%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.991	−0.107%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERPlong	+0.0110%	1h	13.005	long leg	$338K	$386K	15x
dYdX LINK-USD	+0.0298%	1h	12.993	−0.093%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.986	−0.143%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0452%	1h	13.012	+0.054%	$80.5M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.996	−0.067%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	13.006	+0.008%	$20.1M	$11.5M	50x	as long as short