LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Pacifica against Extended+0.399%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.399%, 7d avg +0.064%

Together, before fees−0.367%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.335% dearer against Extended than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.064%.

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	55m 53s	$617K	$2.0M	25x
Short	Pacifica LINK	12.916	0.0100	get 0.0013% / 1h	55m 53s	$275K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.399%Rate

Funding earned: −$0.84
Price spread: +0.399% → +0.064%: $33.54
Slippage, 4 orders: −$20.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$0.86
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Pacifica: live order book, 42 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	2.71 bp	6.7 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	4.27 bp	10.5 bp −$11	doesn't fit	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
Orderly PERP_LINK_USDC	−0.0101%	8h	12.895	+0.236%	$90K	$1.0M	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.899	+0.269%	$1.7M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	12.911	+0.357%	$344K	$45K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.918	+0.413%	$515K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.900	+0.275%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.611%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.900	+0.275%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.910	+0.351%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.897	+0.250%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.908	+0.341%	$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	12.901	+0.283%	$349K	$336K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.880	+0.120%	$80.4M	$28.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.886	+0.163%	$1.2M	$2.4M	50x	as long as short
Pacifica LINKshort	+0.0100%	1h	12.916	+0.399%	$275K	$182K	10x
Binance LINKUSDT	+0.0100%	8h	12.875	+0.081%	$118.9M	$297.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.871	+0.050%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.874	+0.073%	$27.0M	$79.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.922	+0.446%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.876	+0.089%	$133.6M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.874	+0.073%	$34.7M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.878	+0.104%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.877	+0.096%	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.876	+0.089%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.891	+0.208%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.892	+0.217%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.889	+0.192%	$578K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.899	+0.267%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.910	+0.353%	$82K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.919	+0.426%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.919	+0.427%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.898	+0.260%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.891	+0.207%	$630K	$750K	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	12.901	+0.283%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0114%	1h	12.906	+0.321%	$807K	$268K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0178%	1h	12.896	+0.244%	$335K	$385K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.941	+0.594%	$930K	$3.1M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.914	+0.384%	$5.3M	$15.9M	75x	as long as short
Phemex LINKUSDT	+0.0221%	8h	12.916	+0.400%	$20.0M	$11.4M	50x	as long as short
Reya LINKRUSDPERP	+0.0402%	1h	12.898	+0.260%	$4K	—	20x	as long as short