LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.021%

Price spread now: Coinbase International against gTrade (Gains Network)+0.064%7-day average +0.015% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3103.097% of the position

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.064%, 7d avg +0.015%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.049% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.942	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	21m 13s	$184K	—	150x
Short	Coinbase International LINK-PERP-INTX	12.950	0.0104	get 0.0013% / 1h	21m 13s	$924K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.064%Rate

Funding earned: $20.94
Price spread: +0.064% → +0.015%: $4.91
Slippage, 4 orders: −$289.7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$283.85
Costs to cover: 3.097%
Break-even: 101.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 28 min ago; Coinbase International: live order book, 3 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), 28 min ago	130.07 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.48 bp	13.6 bp −$14	16.1 bp −$161	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
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	12.941	−0.008%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.939	−0.024%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	12.942	long leg	$184K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.186%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	12.937	−0.036%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.914	−0.213%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.936	−0.041%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.938	−0.025%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.938	−0.027%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.937	−0.033%	$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	12.944	+0.016%	$276K	$181K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.936	−0.047%	$120.0M	$300.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	−0.098%	$83.5M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.932	−0.075%	$27.4M	$80.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.955	+0.103%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.939	−0.021%	$128.2M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.933	−0.067%	$32.8M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.942	+0.002%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.924	−0.137%	$53.8M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.925	−0.129%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.935	−0.052%	$339K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.938	−0.028%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.927	−0.115%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.938	−0.025%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.932	−0.075%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.952	+0.080%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.939	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.953	+0.087%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.941	−0.005%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.920	−0.168%	$634K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.937	−0.033%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.943	+0.008%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0104%	1h	12.950	+0.064%	$924K	$2.7M	50x
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.948	+0.046%	$786K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	+0.010%	$5.3M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.946	+0.030%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0315%	1h	12.944	+0.018%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.943	+0.013%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0543%	8h	12.949	+0.056%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0906%	1h	12.938	−0.027%	$344K	$31K	10x	as long as short