LINK

Alert

Funding spread now, next payment 17:00 UTC−0.0427%/8h

next payment, per $10,000−$0.53paid, last 24h+0.023%paid, last 7 days+0.027%to open and close $10k−$34

Long on Extended Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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	Extended LINK-USD	12.989	0.0040	pay 0.0005% / 1h	48m 30s	$674K	$1.8M	25x
Short	Kraken Futures PF_LINKUSD	12.968	−0.0387	pay 0.0048% / 1h	48m 30s	$6.0M	$6.8M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Kraken FuturesbpOrdersRate

Funding earned: −$89.68
Slippage, 4 orders: −$18.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$123.6
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.159%
Avg gap 7d: +0.069%

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 Extended live order book, 2 min ago	1.54 bp	5.4 bp −$5	6.8 bp −$68	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.70 bp	11.1 bp −$11	15.3 bp −$153	48.4 bp −$4,843	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSDshort	−0.0387%	1h	$6.0M	$6.8M	50x
Gate LINK_USDT	−0.0114%	8h	$132.2M	$11.7M	75x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0160%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0062%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0061%	1h	$3K	$49K	10x	as long as short
SoDEX LINK-USD	−0.0045%	1h	$8K	$40K	10x	as long as short
Bybit LINKUSDT	−0.0033%	8h	$80.5M	$60.3M	75x	as long as short
dYdX LINK-USD	0.0000%	1h	$344K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$457K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$694K	$84K	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$192K	—	150x	as long as short
OKX LINK-USDT-SWAP	+0.0015%	8h	$27.4M	$91.1M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Paradex LINK-USD-PERP	+0.0038%	8h	$31K	$2K	20x	as long as short
MEXC LINK_USDT	+0.0038%	8h	$33.9M	$57.0M	300x	as long as short
Binance LINKUSDT	+0.0039%	8h	$119.4M	$289.1M	75x	as long as short
Extended LINK-USDlong	+0.0040%	1h	$674K	$1.8M	25x
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$990K	$2.7M	50x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$545K	$340	3x	as long as short
HTX LINK-USDT	+0.0092%	8h	$636K	$1.0M	75x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Orderly PERP_LINK_USDC	+0.0096%	8h	$168K	$1.7M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$427K	$364K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$78.8M	$20.5M	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	$167K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$193K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$363K	$375K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$312K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$654K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$43K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
BloFin LINK-USDT	+0.0154%	8h	$5.2M	$13.1M	75x	as long as short
Reya LINKRUSDPERP	+0.0358%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0731%	8h	$20.2M	$11.2M	50x	as long as short