LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h +0.003%

Price spread now: SoDEX against Deribit−0.063%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.063% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LINK_USDC-PERPETUAL	12.902	0.0262	pay 0.0033% / 1h	13m 11s	$807K	$268K	50x
Short	SoDEX LINK-USD	12.894	0.0100	get 0.0013% / 1h	13m 11s	$10K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$34.02
Price spread: −0.063% → 0.000%: −$6.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$55.3
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 26 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 26 min ago	3.10 bp	6.6 bp −$7	15.2 bp −$152	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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
Orderly PERP_LINK_USDC	−0.0089%	8h	12.888	−0.109%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.877	−0.195%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.900	−0.013%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.893	−0.072%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.892%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.886	−0.127%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.066%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.889	−0.101%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.889	−0.098%	$348K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.907	+0.038%	$80.6M	$28.1M	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	12.898	−0.031%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.891	−0.088%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.893	−0.067%	$119.1M	$298.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.886	−0.125%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.888	−0.109%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.910	+0.061%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.894	−0.063%	$132.6M	$17.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.893	−0.071%	$34.5M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.895	−0.055%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.890	−0.094%	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.895	−0.055%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.906	+0.030%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.871	−0.245%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.879	−0.180%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.876	−0.202%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.882	−0.156%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.900	−0.016%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.893	−0.073%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.908	+0.049%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.894	−0.063%	$10K	$62K	10x
HTX LINK-USDT	+0.0100%	8h	12.853	−0.378%	$628K	$775K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.895	−0.056%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.888	−0.111%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.898	−0.036%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.909	+0.053%	$933K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.897	−0.040%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUALlong	+0.0262%	1h	12.902	long leg	$807K	$268K	50x
Reya LINKRUSDPERP	+0.0401%	1h	12.893	−0.068%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0544%	8h	12.909	+0.053%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0593%	1h	12.888	−0.112%	$343K	$45K	10x	as long as short