LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0328%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h +0.027%

Price spread now: dYdX against Coinbase International−0.151%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$2992.992% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.151%, 7d avg −0.011%

Together, before fees+0.408%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.141% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.011%). If the spread goes back, that is −$14 on $10k: about 34 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.317% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	13.189	0.0120	pay 0.0015% / 1h	30m 26s	$1.0M	$2.7M	50x
Short	dYdX LINK-USD	13.169	0.0448	get 0.0056% / 1h	30m 26s	$349K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now −0.151%Rate

Funding earned: $68.94
Price spread: −0.151% → −0.011%: −$14.08
Slippage, 4 orders: −$279.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$244.31
Costs to cover: 2.992%
Break-even: 31.8 days

Slippage from Coinbase International: live order book, 3 min ago; dYdX: live order book, 44 min ago.

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, 3 min ago	3.03 bp	12.5 bp −$13	16.3 bp −$163	doesn't fit	doesn't fit
Sell dYdX live order book, 44 min ago	44.42 bp	224.7 bp −$225	228.2 bp −$2,282	228.6 bp −$22.9K	238.7 bp −$119.4K

LINK on 40 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 −0.0091% / S +0.0167%	1h	13.154	−0.263%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.191	+0.019%	$476K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	−0.228%	$781K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.154	−0.263%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.982%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.149%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.153	−0.273%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.161	−0.210%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.157	−0.240%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.151	−0.284%	$404K	$309K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.167	−0.168%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.165	−0.181%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.152	−0.283%	$122.2M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.151	−0.288%	$84.7M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.152	−0.281%	$27.7M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.176	−0.099%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.153	−0.273%	$130.2M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.153	−0.273%	$37.1M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.157	−0.243%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.152	−0.281%	$54.7M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.153	−0.273%	—	$21.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.103%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.065%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	+0.045%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.121%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	−0.258%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.266%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	−0.115%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.265%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.142	−0.356%	$646K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.150	−0.298%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.243%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0120%	1h	13.189	long leg	$1.0M	$2.7M	50x
Backpack LINK_USDC_PERP	+0.0193%	1h	13.178	−0.083%	$367K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	−0.129%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.163	−0.195%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.151	−0.289%	$5K	—	20x	as long as short
dYdX LINK-USDshort	+0.0448%	1h	13.169	−0.151%	$349K	$48K	10x
Phemex LINKUSDT	+0.0523%	8h	13.191	+0.015%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0583%	1h	13.172	−0.129%	$81.5M	$25.1M	10x	as long as short