LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: Coinbase International against Extended−0.082%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.082%, 7d avg +0.071%

Together, before fees+0.115%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.153% cheaper against Extended than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.071%). If the spread goes back, that is −$15 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.895	0.0104	pay 0.0013% / 1h	35m 07s	$625K	$2.0M	25x
Short	Coinbase International LINK-PERP-INTX	12.884	0.0128	get 0.0016% / 1h	35m 07s	$916K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.082%Rate

Funding earned: $5.04
Price spread: −0.082% → +0.071%: −$15.28
Slippage, 4 orders: −$19.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$44.87
Costs to cover: 0.346%
Break-even: 69.3 days

Slippage from Extended: live order book, 3 min ago; Coinbase International: 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 Extended live order book, 3 min ago	1.56 bp	4.1 bp −$4	7.6 bp −$76	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.50 bp	13.8 bp −$14	17.7 bp −$177	doesn't fit	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	12.897	+0.020%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.899	+0.033%	$506K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.897	+0.019%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.836%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0048%	8h	12.892	−0.020%	$97K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.887	−0.055%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.894	−0.005%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.899	+0.032%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.894	−0.005%	$344K	$342K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.881	−0.105%	$1.2M	$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	12.898	+0.028%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.878	−0.130%	$118.8M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.868	−0.206%	$83.0M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.868	−0.206%	$27.2M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.909	+0.112%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.890	−0.036%	$124.2M	$14.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.893	−0.012%	$33.1M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	+0.019%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.880	−0.113%	$53.8M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.882	−0.098%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.895	+0.003%	$336K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.873	−0.171%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.869	−0.195%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.880	−0.113%	$589K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.877	−0.136%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.902	+0.058%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.898	+0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.914	+0.147%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.897	+0.019%	$10K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.217%	$631K	$678K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.895	long leg	$625K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.902	+0.058%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0128%	1h	12.884	−0.082%	$916K	$2.8M	50x
BloFin LINK-USDT	+0.0220%	8h	12.892	−0.020%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0236%	1h	12.893	−0.012%	$80.3M	$27.6M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0246%	1h	12.906	+0.092%	$792K	$233K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.900	+0.039%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.896	+0.008%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0571%	8h	12.907	+0.096%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0826%	1h	12.894	−0.003%	$343K	$33K	10x	as long as short