LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1419%/8h= −155.4% APRnext payment −$1.77 per $10,000 · paid last 24h −0.059%

Price spread now: Injective against dYdX−4.192%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.651%+$65 on $10k

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 −$43 a day on $10k at the current rate, and Injective is 4.192% cheaper against dYdX than usual: you would sell low and buy high (−$419 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.651%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.651% in total (about 34.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.77 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	dYdX LINK-USD	12.942	0.1453	pay 0.0182% / 1h	54m 48s	$348K	$48K	10x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	54m 48s	$4K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now −4.192%Rate

Funding earned: −$298.03
Price spread: −4.192% → 0.000%: −$419.16
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$727.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 39 min ago; Injective: 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 dYdX live order book, 39 min ago	38.99 bp	44.0 bp −$44	44.7 bp −$447	46.2 bp −$4,616	89.3 bp −$44.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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: 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	−0.0137%	8h	12.926	−0.127%	$86K	$929K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.924	−0.140%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.934	−0.065%	$489K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	13.046	+0.802%	$107K	—	150x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	12.400	−4.192%	$4K	$48K	12x
Kraken Futures PF_LINKUSD	+0.0044%	1h	12.929	−0.105%	$6.4M	$8.2M	50x	as long as short
SoDEX LINK-USD	+0.0084%	1h	12.923	−0.151%	$11K	$61K	10x	as long as short
Phoenix LINK	+0.0087%	1h	13.016	+0.566%	$3K	$84K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.905	−0.290%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.933	−0.070%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.930	−0.093%	$348K	$311K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.919	−0.182%	$80.6M	$27.4M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.919	−0.179%	$1.3M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.939	−0.030%	$275K	$167K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.907	−0.274%	$119.6M	$287.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.910	−0.251%	$83.6M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.907	−0.274%	$27.0M	$77.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.947	+0.035%	$181K	$86K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.912	−0.236%	$133.4M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.914	−0.220%	$35.5M	$56.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.921	−0.166%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.903	−0.305%	$54.0M	$28.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.911	−0.243%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.921	−0.166%	$335K	$370K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	+0.259%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.403%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.529%	$584K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.000	+0.444%	$133K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	−0.112%	$82K	$70K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.934	−0.064%	$33K	$1.3M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.893	−0.385%	$621K	$689K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.909	−0.262%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.946	+0.030%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0208%	1h	12.931	−0.089%	$935K	$3.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.926	−0.127%	$5.3M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0261%	1h	12.932	−0.077%	$880K	$342K	50x	as long as short
Reya LINKRUSDPERP	+0.0405%	1h	12.927	−0.121%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0528%	8h	12.946	+0.027%	$20.0M	$11.0M	50x	as long as short
dYdX LINK-USDlong	+0.1453%	1h	12.942	long leg	$348K	$48K	10x