LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0383%/8h= +41.9% APRnext payment +$0.48 per $10,000 · paid last 24h +0.032%

Price spread now: dYdX against Extended+0.002%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2862.861% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$29 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.002%, 7d avg +0.063%

Together, before fees+0.373%+ Points / potential airdropExtended: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.061% cheaper against Extended than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.063%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.285% in total) that is about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	13.159	0.0104	pay 0.0013% / 1h	29m 39s	$670K	$2.0M	25x
Short	dYdX LINK-USD	13.159	0.0487	get 0.0061% / 1h	29m 39s	$349K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $80.44
Price spread: +0.002% → +0.063%: −$6.07
Slippage, 4 orders: −$271.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$211.74
Costs to cover: 2.861%
Break-even: 25.4 days

Slippage from Extended: live order book, 4 min ago; dYdX: live order book, 44 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, 4 min ago	1.14 bp	4.3 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell dYdX live order book, 44 min ago	44.42 bp	224.7 bp −$225	228.2 bp −$2,282	228.6 bp −$22.9K	238.7 bp −$119.4K

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 −0.0091% / S +0.0167%	1h	13.154	−0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.176	+0.131%	$474K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.159	−0.002%	$781K	$211K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.154	−0.037%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.769%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.376%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	13.153	−0.047%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.156	−0.023%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.156	−0.022%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.151	−0.058%	$404K	$309K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.167	+0.056%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.161	+0.013%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.158	−0.013%	$122.3M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.153	−0.047%	$84.7M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.158	−0.009%	$27.7M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.176	+0.128%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.159	−0.001%	$130.2M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.160	+0.006%	$37.1M	$58.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.168	+0.067%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.160	+0.006%	$54.8M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.160	+0.006%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	+0.124%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.183	+0.184%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.174	+0.115%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.348%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.155	−0.032%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.154	−0.040%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.174	+0.111%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.154	−0.039%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.153	−0.043%	$647K	$853K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	13.159	long leg	$670K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	13.157	−0.017%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.189	+0.227%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0187%	1h	13.171	+0.090%	$367K	$369K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.172	+0.097%	$5.3M	$15.9M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0365%	1h	13.163	+0.031%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.151	−0.063%	$5K	—	20x	as long as short
dYdX LINK-USDshort	+0.0487%	1h	13.159	+0.002%	$349K	$48K	10x
Phemex LINKUSDT	+0.0580%	8h	13.173	+0.105%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0582%	1h	13.181	+0.166%	$81.5M	$25.1M	10x	as long as short