LINK

Alert

Funding spread now, next payment 17:00 UTC+0.0028%/8h

next payment, per $10,000+$0.03paid, last 24h+0.007%paid, last 7 days+0.080%to open and close $10k−$41

Long on Coinbase International Short on Backpack

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.847	0.0072	pay 0.0009% / 1h	40m 21s	$991K	$2.6M	50x
Short	Backpack LINK_USDC_PERP	12.839	0.0100	get 0.0013% / 1h	40m 21s	$351K	$372K	15x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: $5.88
Slippage, 4 orders: −$20.84
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$34.96
Break-even: 48.6 days

Slippage from Coinbase International: live order book, 5 min ago; Backpack: live order book, 65 min ago.

Price risk

price view

Price gap now: −0.062%
Avg gap 7d: +0.022%

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 Coinbase International live order book, 5 min ago	2.70 bp	11.9 bp −$12	15.4 bp −$154	doesn't fit	doesn't fit
Sell Backpack live order book, 65 min ago	0.38 bp	6.7 bp −$7	494.0 bp −$4,940	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	−0.0329%	1h	$6.0M	$6.5M	50x	as long as short
Bybit LINKUSDT	−0.0157%	8h	$80.0M	$60.2M	75x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0092% / S +0.0163%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0085%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0080%	1h	$3K	$46K	10x	as long as short
Extended LINK-USD	−0.0072%	1h	$669K	$1.8M	25x	as long as short
OKX LINK-USDT-SWAP	−0.0043%	8h	$26.7M	$85.1M	50x	as long as short
Gate LINK_USDT	−0.0043%	8h	$129.4M	$11.5M	75x	as long as short
SoDEX LINK-USD	−0.0042%	1h	$8K	$36K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$340K	$60K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXLINKPERP	0.0000%	8h	$455K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$686K	$104K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	$175K	—	150x	as long as short
Binance LINKUSDT	+0.0018%	8h	$117.2M	$285.0M	75x	as long as short
MEXC LINK_USDT	+0.0019%	8h	$31.5M	$56.1M	300x	as long as short
HTX LINK-USDT	+0.0025%	8h	$622K	$1.0M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
Paradex LINK-USD-PERP	+0.0057%	8h	$31K	$2K	20x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$138K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0072%	1h	$991K	$2.6M	50x
BloFin LINK-USDT	+0.0078%	8h	$5.1M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0086%	8h	$53.4M	$29.2M	75x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$541K	$340	3x	as long as short
BingX LINK-USDC	+0.0090%	8h	—	$6.6M	—	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$421K	$345K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.3M	$21.9M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$268K	$163K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$186K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$20.9M	$16.8M	75x	as long as short
Backpack LINK_USDC_PERPshort	+0.0100%	1h	$351K	$372K	15x
edgeX LINKUSDC	+0.0100%	4h	$43K	$311K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$54K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$27K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
Reya LINKRUSDPERP	+0.0362%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0364%	8h	$20.0M	$11.3M	50x	as long as short