LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Extended+0.057%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.057%, 7d avg +0.038%

Together, before fees−0.146%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.865	0.0104	pay 0.0013% / 1h	35m 20s	$617K	$2.0M	25x
Short	Lighter LINK	12.873	0.0096	get 0.0012% / 1h	35m 20s	$1.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$1.68
Price spread: +0.057% → +0.038%: $1.94
Slippage, 4 orders: −$8.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.75
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 2 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	0.78 bp	3.3 bp −$3	7.5 bp −$75	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.94 bp	3.0 bp −$3	9.7 bp −$97	62.6 bp −$6,260	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
Orderly PERP_LINK_USDC	−0.0114%	8h	12.868	+0.022%	$90K	$976K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.873	+0.061%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.877	+0.093%	$513K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.874	+0.073%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.616%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.875	+0.079%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.886	+0.166%	$3K	$85K	10x	as long as short
Bybit LINKUSDT	+0.0087%	8h	12.870	+0.038%	$83.3M	$72.9M	75x	as long as short
Lighter LINKshort	+0.0096%	1h	12.873	+0.057%	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.872	+0.050%	$31K	$2K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.877	+0.096%	$349K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.880	+0.115%	$80.4M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.879	+0.109%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.877	+0.090%	$274K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.874	+0.069%	$118.9M	$297.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.870	+0.038%	$27.0M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.889	+0.185%	$180K	$98K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.874	+0.069%	$133.5M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.878	+0.100%	$35.6M	$58.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.883	+0.139%	$22.8M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.873	+0.061%	$53.7M	$29.8M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.873	+0.061%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.884	+0.146%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.870	+0.041%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.884	+0.145%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.879	+0.106%	$579K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.895	+0.232%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.883	+0.139%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.874	+0.073%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.888	+0.178%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.871	+0.045%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.860	−0.038%	$628K	$717K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.865	long leg	$617K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.873	+0.060%	$540K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0107%	1h	12.877	+0.091%	$805K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.457%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.871	+0.045%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.866	+0.007%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0502%	8h	12.889	+0.185%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1400%	1h	12.874	+0.071%	$345K	$48K	10x	as long as short