LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.023%

Price spread now: Binance against gTrade (Gains Network)−0.072%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$2962.959% of the position

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now −0.072%, 7d avg −0.007%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.007%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.134	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	59m 57s	$133K	—	150x
Short	Binance LINKUSDT	13.125	0.0100	get 0.0100% / 8h	1h 59m	$121.5M	$302.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.072%Rate

Funding earned: $20.19
Price spread: −0.072% → −0.007%: −$6.56
Slippage, 4 orders: −$275.87
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$282.23
Costs to cover: 2.959%
Break-even: 104.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 19 min ago; Binance: live order book, 14 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 gTrade (Gains Network) virtual book (oracle venue), 19 min ago	130.05 bp	141.1 bp −$141	963.4 bp −$9,634	10292.3 bp −$1.03M	doesn't fit
Sell Binance live order book, 14 min ago	0.38 bp	6.9 bp −$7	13.6 bp −$136	36.2 bp −$3,625	117.6 bp −$58.8K

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 −0.0090% / S +0.0167%	1h	13.134	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.141	+0.047%	$470K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.137	+0.017%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	13.134	long leg	$133K	—	150x
dYdX LINK-USD	+0.0012%	1h	13.133	−0.013%	$348K	$60K	10x	as long as short
Phoenix LINK	+0.0018%	1h	13.132	−0.016%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.592%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.131	−0.027%	$133K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.134	−0.005%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.128	−0.049%	$32K	$3K	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	13.130	−0.030%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.140	+0.044%	$77.4M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.133	−0.010%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.133	−0.008%	$275K	$151K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.125	−0.072%	$121.5M	$302.4M	75x
Bybit LINKUSDT	+0.0100%	8h	13.124	−0.080%	$84.5M	$69.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.122	−0.095%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.148	+0.103%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.131	−0.027%	$130.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.121	−0.103%	$36.5M	$57.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.130	−0.034%	$22.2M	$15.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.126	−0.065%	$54.3M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.115	−0.148%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.143	+0.065%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.135	0.000%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.112	−0.173%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.126	−0.065%	$153K	$665K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.137	+0.019%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.129	−0.045%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.152	+0.132%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.130	−0.034%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.075	−0.451%	$643K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.122	−0.096%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.137	+0.018%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.150	+0.118%	$990K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	13.138	+0.027%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.149	+0.110%	$5.3M	$16.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.134	−0.008%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0482%	8h	13.148	+0.103%	$20.3M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0505%	1h	13.136	+0.009%	$6.9M	$8.0M	50x	as long as short