LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.008%

Price spread now: Pacifica against Coinbase International−0.012%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.012%, 7d avg −0.008%

Together, before fees−0.047%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LINK-PERP-INTX	12.923	0.0128	pay 0.0016% / 1h	15m 58s	$919K	$2.8M	50x
Short	Pacifica LINK	12.921	0.0100	get 0.0013% / 1h	15m 58s	$275K	$184K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.012%Rate

Funding earned: −$5.88
Price spread: −0.012% → −0.008%: −$0.33
Slippage, 4 orders: −$28.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$52.48
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 32 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	2.71 bp	11.5 bp −$12	15.7 bp −$157	doesn't fit	doesn't fit
Sell Pacifica live order book, 32 min ago	4.64 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit

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 −0.0089% / S +0.0166%	1h	12.924	+0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.926	+0.022%	$526K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.923	0.000%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.047%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0036%	8h	12.918	−0.039%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.924	+0.010%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.923	+0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.918	−0.042%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.918	−0.035%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.926	+0.026%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINKshort	+0.0100%	1h	12.921	−0.012%	$275K	$184K	10x
Binance LINKUSDT	+0.0100%	8h	12.926	+0.026%	$118.8M	$302.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.924	+0.008%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.921	−0.015%	$27.4M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.938	+0.116%	$181K	$97K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.919	−0.031%	$124.2M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.925	+0.015%	$32.9M	$57.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.925	+0.015%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.921	−0.015%	$54.0M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.923	0.000%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.277%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.895	−0.213%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.927	+0.031%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.937	+0.108%	$132K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.931	+0.062%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.923	0.000%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.935	+0.091%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.923	0.000%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.900	−0.180%	$632K	$782K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.921	−0.019%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.923	+0.004%	$542K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0106%	1h	12.932	+0.070%	$337K	$390K	15x	as long as short
Coinbase International LINK-PERP-INTXlong	+0.0128%	1h	12.923	long leg	$919K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	12.925	+0.015%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0235%	1h	12.936	+0.101%	$80.5M	$27.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0237%	1h	12.930	+0.055%	$801K	$246K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.928	+0.038%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.925	+0.016%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0567%	8h	12.937	+0.108%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0674%	1h	12.916	−0.052%	$344K	$33K	10x	as long as short