LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0098%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Derive−0.182%175s7-day average — · you buy dearer than you sell

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

Long on Derive Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.182% cheaper against Derive than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 175 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	12.874	0.0100	pay 0.0013% / 1h	33m 06s	$16K	$22K	10x
Short	gTrade (Gains Network) LINK/USD	12.851	L +0.0004% / S −0.0002%	get 0.0000% / 1h	33m 06s	$105K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Derive. 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 DerivebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.182%Rate

Funding earned: −$20.68
Price spread: −0.182% → 0.000%: −$18.25
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$54.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 61 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 61 min ago	130.05 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

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 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	−0.0115%	8h	12.845	−0.229%	$90K	$977K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.847	−0.213%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.860	−0.113%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0002%	1h	12.851	−0.182%	$105K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.686%	$4K	$48K	12x	as long as short
Bybit LINKUSDT	+0.0042%	8h	12.846	−0.221%	$83.2M	$72.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.855	−0.149%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.886	+0.093%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.852	−0.175%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.842	−0.254%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.848	−0.202%	$348K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.857	−0.136%	$80.3M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.857	−0.138%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.850	−0.190%	$273K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.852	−0.175%	$118.6M	$297.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.849	−0.198%	$27.0M	$79.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.871	−0.027%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.852	−0.175%	$133.2M	$17.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.853	−0.167%	$35.7M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.854	−0.159%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.846	−0.221%	$53.6M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.847	−0.214%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.856	−0.144%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.870	−0.032%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.873	−0.010%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.871	−0.027%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.895	+0.159%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.851	−0.182%	$82K	$70K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	12.874	long leg	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	12.863	−0.092%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.849	−0.198%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.845	−0.233%	$628K	$716K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.840	−0.271%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.862	−0.095%	$539K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0147%	1h	12.856	−0.147%	$804K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.873	−0.012%	$926K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.851	−0.182%	$5.2M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.856	−0.147%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0656%	8h	12.869	−0.043%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1437%	1h	12.851	−0.183%	$345K	$48K	10x	as long as short