LINK

Alert

Funding spread now, next payment 00:00 UTC+0.0354%/8h

next payment, per $10,000+$3.54paid, last 24h+0.065%paid, last 7 days+0.229%to open and close $10k−$34

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.54 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	BingX LINK-USDT	12.868	0.0090	pay 0.0090% / 8h	5h 29m	—	$24.7M	—
Short	Phemex LINKUSDT	12.875	0.0444	get 0.0444% / 8h	5h 29m	$20.0M	$11.2M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee PhemexbpOrdersRate

Funding earned: $74.32
Slippage, 4 orders: −$12.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $40.05
Break-even: 3.2 days

Slippage from BingX: live order book, 16 min ago; Phemex: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.054%
Avg gap 7d: —

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 BingX live order book, 16 min ago	1.16 bp	6.2 bp −$6	7.5 bp −$75	13.9 bp −$1,385	34.3 bp −$17.1K
Sell Phemex live order book, 6 min ago	0.78 bp	12.3 bp −$12	18.1 bp −$181	doesn't fit	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0168%	1h	$6.0M	$6.3M	50x	as long as short
Bybit LINKUSDT	−0.0164%	8h	$82.1M	$64.3M	75x	as long as short
Variational Omni LINK	−0.0127%	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
OKX LINK-USDT-SWAP	−0.0018%	8h	$26.8M	$81.8M	50x	as long as short
Phoenix LINK	−0.0012%	1h	$3K	$68K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$341K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$467K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$683K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	$77K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$989K	$2.6M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
MEXC LINK_USDT	+0.0052%	8h	$33.0M	$56.0M	300x	as long as short
Binance LINKUSDT	+0.0053%	8h	$116.6M	$287.8M	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$145K	$1.7M	20x	as long as short
BingX LINK-USDTlong	+0.0090%	8h	—	$24.7M	—
Paradex LINK-USD-PERP	+0.0091%	8h	$31K	$2K	20x	as long as short
Bitget LINKUSDT	+0.0092%	8h	$53.8M	$29.5M	75x	as long as short
HTX LINK-USDT	+0.0093%	8h	$623K	$925K	75x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.3M	10x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$541K	$340	3x	as long as short
Gate LINK_USDT	+0.0099%	8h	$129.3M	$12.2M	75x	as long as short
Nado LINK-PERP	+0.0100%	1h	$425K	$280K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.2M	$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	$270K	$169K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$180K	$126K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$16.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$350K	$368K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$308K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$651K	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	$631K	$1.9M	25x	as long as short
BloFin LINK-USDT	+0.0172%	8h	$5.2M	$13.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0365%	1h	$4K	$200	20x	as long as short
Phemex LINKUSDTshort	+0.0444%	8h	$20.0M	$11.2M	50x