LINK

Alert

Funding spread now, next payment 17:00 UTC−0.0485%/8h

next payment, per $10,000−$0.61paid, last 24h+0.010%paid, last 4 days+0.070%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.070% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LINK-PERP	13.017	0.0100	pay 0.0013% / 1h	3m 43s	$28K	$10K	10x
Short	Kraken Futures PF_LINKUSD	13.024	−0.0385	pay 0.0048% / 1h	3m 43s	$6.1M	$6.5M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee Kraken FuturesbpOrdersRate

Funding earned: −$101.93
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$117.93
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	2.30 bp	11.8 bp −$12	13.1 bp −$131	45.8 bp −$4,578	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 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSDshort	−0.0385%	1h	$6.1M	$6.5M	50x
Extended LINK-USD	−0.0112%	1h	$676K	$1.8M	25x	as long as short
SoDEX LINK-USD	−0.0101%	1h	$8K	$37K	10x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0090% / S +0.0162%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0068%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0061%	1h	$3K	$49K	10x	as long as short
HTX LINK-USDT	−0.0035%	8h	$629K	$1.0M	75x	as long as short
OKX LINK-USDT-SWAP	−0.0031%	8h	$27.2M	$90.6M	50x	as long as short
Bybit LINKUSDT	−0.0021%	8h	$80.6M	$58.9M	75x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$460K	$2.2M	3.7x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$696K	$86K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$195K	—	150x	as long as short
dYdX LINK-USD	+0.0022%	1h	$345K	$60K	10x	as long as short
MEXC LINK_USDT	+0.0025%	8h	$33.2M	$58.2M	300x	as long as short
Binance LINKUSDT	+0.0025%	8h	$118.8M	$285.6M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Paradex LINK-USD-PERP	+0.0051%	8h	$32K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$1.0M	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0073%	8h	$141K	$1.7M	20x	as long as short
Gate LINK_USDT	+0.0076%	8h	$131.4M	$12.1M	75x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$548K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$427K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$76.6M	$22.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$165K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$185K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.5M	$16.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$20.0M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$364K	$364K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$310K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$653K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$78K	$54K	10x	as long as short
Derive LINK-PERPlong	+0.0100%	1h	$28K	$10K	10x
SunX LINK-USDT	+0.0100%	8h	$34K	$1.5M	30x	as long as short
BloFin LINK-USDT	+0.0101%	8h	$5.2M	$13.1M	75x	as long as short
Phemex LINKUSDT	+0.0213%	8h	$20.3M	$11.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0360%	1h	$4K	$400	20x	as long as short