LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Arcus against Deribit+0.122%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.109%+$11 on $10k

Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.122%, 7d avg +0.066%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.056% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	13.156	0	get 0.0000% / 1h	11m 34s	$718K	$125K	50x
Short	Arcus LINK-USD	13.172	0.0100	get 0.0013% / 1h	11m 34s	$185K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.122%Rate

Funding earned: $21
Price spread: +0.122% → +0.066%: $5.58
Slippage, 4 orders: −$35.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.47
Costs to cover: 0.471%
Break-even: 13.8 days

Slippage from Deribit: live order book, 12 min ago; Arcus: live order book, 12 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 Deribit live order book, 12 min ago	2.66 bp	6.2 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell Arcus live order book, 12 min ago	11.01 bp	13.4 bp −$13	23.1 bp −$231	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 −0.0092% / S +0.0167%	1h	13.153	−0.023%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.155	−0.008%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	13.156	long leg	$718K	$125K	50x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.153	−0.024%	$133K	—	150x	as long as short
dYdX LINK-USD	+0.0015%	1h	13.152	−0.027%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.185	+0.218%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.746%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.149	−0.053%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.159	+0.026%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.220%	$3.3M	$1.5M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.156	−0.002%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.142	−0.106%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.164	+0.061%	$77.6M	$23.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.155	−0.008%	$1.6M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.156	−0.003%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.157	+0.008%	$122.1M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	−0.023%	$84.7M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.157	+0.008%	$27.9M	$85.5M	50x	as long as short
Arcus LINK-USDshort	+0.0100%	1h	13.172	+0.122%	$185K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.152	−0.030%	$130.5M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.158	+0.015%	$36.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.158	+0.015%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.154	−0.015%	$54.5M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.156	0.000%	—	$21.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.182	+0.198%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.236%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.184	+0.213%	$153K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.156	0.000%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.148	−0.059%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.165	+0.068%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.150	−0.046%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.137	−0.145%	$646K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.154	−0.014%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.155	−0.010%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.161	+0.038%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0114%	1h	13.161	+0.038%	$366K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.143	−0.099%	$5.2M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.150	−0.046%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0465%	8h	13.167	+0.084%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0504%	1h	13.160	+0.034%	$6.9M	$7.9M	50x	as long as short