LINK

Alert

Funding spread now, next payment 16:00 UTC+0.0100%/8h

next payment, per $10,000+$0.13paid, last 24h+0.029%paid, last 4 days+0.130%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	12.992	0	get 0.0000% / 1h	56m 25s	$701K	$77K	50x
Short	Derive LINK-PERP	12.985	0.0100	get 0.0013% / 1h	56m 25s	$28K	$10K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee DerivebpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: $8
Break-even: 4.3 days

Slippage unknown: Deribit: live order book, 59 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.055%
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 Deribit live order book, 59 min ago	2.69 bp	7.0 bp −$7	13.1 bp −$131	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0173%	1h	$6.1M	$6.7M	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0084% / S +0.0156%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0074%	1h	$4K	$41K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$345K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$449K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUALlong	0.0000%	1h	$701K	$77K	50x
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0007%	1h	$177K	—	150x	as long as short
Gate LINK_USDT	+0.0004%	8h	$132.7M	$12.2M	75x	as long as short
Variational Omni LINK	+0.0004%	8h	$3.2M	$1.2M	—	as long as short
Bybit LINKUSDT	+0.0020%	8h	$80.5M	$61.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
Paradex LINK-USD-PERP	+0.0045%	8h	$32K	$2K	20x	as long as short
Lighter LINK	+0.0048%	1h	$2.0M	$2.0M	10x	as long as short
MEXC LINK_USDT	+0.0059%	8h	$33.9M	$55.9M	300x	as long as short
Binance LINKUSDT	+0.0060%	8h	$118.4M	$283.9M	75x	as long as short
SoDEX LINK-USD	+0.0084%	1h	$8K	$45K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0088%	1h	$998K	$2.7M	50x	as long as short
OKX LINK-USDT-SWAP	+0.0093%	8h	$27.8M	$89.9M	50x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$547K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0099%	8h	$221K	$1.5M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$433K	$364K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.1M	$20.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$170K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$197K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.1M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$19.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$387K	$360K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$310K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$654K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$44K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	$28K	$10K	10x
SunX LINK-USDT	+0.0100%	8h	$34K	$1.6M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$644K	$1.1M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$681K	$1.9M	25x	as long as short
BloFin LINK-USDT	+0.0179%	8h	$5.2M	$10.4M	75x	as long as short
Phemex LINKUSDT	+0.0332%	8h	$20.3M	$11.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0355%	1h	$4K	$400	20x	as long as short