LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.030%

Price spread now: Phoenix against Extended+0.159%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phoenix is 0.159% dearer against Extended than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.197% in total) that is about 5.7 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LINK-USD	12.969	0.0104	pay 0.0013% / 1h	28m 31s	$631K	$2.0M	25x
Short	Phoenix LINK	12.990	0.0074	get 0.0009% / 1h	28m 31s	$3K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$6.33
Price spread: +0.159% → 0.000%: $15.9
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$2.43
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Extended: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 5 min ago	2.31 bp	5.5 bp −$6	6.5 bp −$65	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	12.978	+0.064%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.988	+0.147%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.980	+0.083%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.389%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.973	+0.030%	$117K	$1.1M	20x	as long as short
Phoenix LINKshort	+0.0074%	1h	12.990	+0.159%	$3K	$82K	10x
Lighter LINK	+0.0096%	1h	12.975	+0.048%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.974	+0.040%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.971	+0.014%	$392K	$308K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.980	+0.083%	$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	12.978	+0.070%	$277K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.974	+0.041%	$120.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.970	+0.006%	$83.8M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.973	+0.030%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.996	+0.207%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.976	+0.053%	$128.6M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.967	−0.017%	$32.8M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.980	+0.083%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.974	+0.037%	$54.1M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.973	+0.030%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.980	+0.083%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.006	+0.286%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.995	+0.202%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.007	+0.291%	$584K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.997	+0.215%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.977	+0.060%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.973	+0.032%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.993	+0.184%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.979	+0.076%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.970	+0.006%	$636K	$694K	75x	as long as short
Extended LINK-USDlong	+0.0104%	1h	12.969	long leg	$631K	$2.0M	25x
Aevo LINK-PERP	+0.0104%	1h	12.980	+0.081%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.005	+0.276%	$926K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0135%	1h	12.980	+0.083%	$788K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.974	+0.037%	$5.3M	$15.8M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.980	+0.087%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0342%	1h	12.986	+0.130%	$81.1M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	12.965	−0.033%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0550%	8h	12.996	+0.207%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0720%	1h	12.979	+0.073%	$344K	$30K	10x	as long as short