LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.006%

Price spread now: Kraken Futures against dYdX+0.112%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1011.007% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.112%, 7d avg +0.009%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.103% dearer against dYdX than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.009%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LINK-USD	13.005	0.0309	pay 0.0039% / 1h	45m 09s	$344K	$30K	10x
Short	Kraken Futures PF_LINKUSD	13.020	0.0243	get 0.0030% / 1h	45m 09s	$6.7M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$13.9
Price spread: +0.112% → +0.009%: $10.29
Slippage, 4 orders: −$80.71
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$104.32
Costs to cover: 1.007%
Break-even: never at this rate

Slippage from dYdX: live order book, 9 min ago; Kraken Futures: live order book, 4 min ago.

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, 9 min ago	33.30 bp	38.3 bp −$38	87.0 bp −$870	96.9 bp −$9,687	129.1 bp −$64.5K
Sell Kraken Futures live order book, 4 min ago	3.84 bp	11.7 bp −$12	15.5 bp −$155	44.2 bp −$4,424	doesn't fit

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
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	13.005	+0.001%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.018	+0.100%	$500K	$2.4M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.008	+0.018%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.654%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	13.010	+0.036%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	13.000	−0.038%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.014	+0.068%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.003	−0.014%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.012	+0.056%	$393K	$312K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.007	+0.014%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.006	+0.008%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.014	+0.067%	$121.1M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.010	+0.036%	$84.1M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.014	+0.067%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.025	+0.152%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.012	+0.052%	$128.9M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.013	+0.060%	$32.9M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.017	+0.090%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.013	+0.060%	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.011	+0.044%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.008	+0.023%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.002	−0.024%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.993	−0.096%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.006	+0.006%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.010	+0.036%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.015	+0.072%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.195%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.017	+0.090%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.986	−0.147%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.013	+0.058%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.018	+0.102%	$546K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.997	−0.064%	$925K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0122%	1h	13.019	+0.106%	$342K	$391K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.008	+0.021%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0234%	1h	13.023	+0.134%	$786K	$205K	50x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0243%	1h	13.020	+0.112%	$6.7M	$8.1M	50x
dYdX LINK-USDlong	+0.0309%	1h	13.005	long leg	$344K	$30K	10x
Reya LINKRUSDPERP	+0.0391%	1h	13.002	−0.021%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0402%	1h	13.027	+0.167%	$81.6M	$27.4M	10x	as long as short
Phemex LINKUSDT	+0.0528%	8h	13.028	+0.175%	$20.1M	$11.3M	50x	as long as short