LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Derive against gTrade (Gains Network)−0.005%115s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 115 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	gTrade (Gains Network) LINK/USD	12.823	L +0.0004% / S −0.0002%	pay 0.0000% / 1h	26m 24s	$105K	—	150x
Short	Derive LINK-PERP	12.822	0.0100	get 0.0013% / 1h	26m 24s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.005%Rate

Funding earned: $20.17
Price spread: −0.005% → 0.000%: −$0.49
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $3.67
Costs to cover: 0.160%
Break-even: 5.7 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Derive: 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.03 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Orderly PERP_LINK_USDC	−0.0119%	8h	12.840	+0.133%	$90K	$965K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.851	+0.216%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.854	+0.239%	$504K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0002%	1h	12.823	long leg	$105K	—	150x
Bybit LINKUSDT	+0.0016%	8h	12.839	+0.126%	$83.1M	$72.7M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.298%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.847	+0.188%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.834	+0.085%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.843	+0.157%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.838	+0.115%	$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	12.845	+0.172%	$347K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.848	+0.196%	$80.2M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.848	+0.196%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.843	+0.154%	$273K	$178K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.841	+0.142%	$118.5M	$295.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.840	+0.133%	$27.0M	$79.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.856	+0.258%	$180K	$100K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.842	+0.149%	$133.2M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.840	+0.133%	$35.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.847	+0.188%	$22.7M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.837	+0.110%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.838	+0.118%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.853	+0.235%	$334K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.832	+0.074%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.834	+0.085%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.831	+0.061%	$575K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.841	+0.141%	$131K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.846	+0.180%	$82K	$70K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	12.822	−0.005%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	12.863	+0.309%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.847	+0.188%	$10K	$58K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.828	+0.041%	$627K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.831	+0.065%	$614K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.846	+0.180%	$539K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0124%	1h	12.852	+0.226%	$804K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.822	−0.007%	$922K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.844	+0.165%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.841	+0.145%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0529%	8h	12.862	+0.305%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.1401%	1h	12.844	+0.168%	$345K	$49K	10x	as long as short