LINK

Alert

Funding spread now, next payment 16:00 UTC+0.0312%/8h

paid, last 24h+0.075%paid, last 3 days+0.383%to open and close $10k−$310

Long on gTrade (Gains Network)Short on Phemex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	13.090	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	50m 34s	$178K	—	150x
Short	Phemex LINKUSDT	13.101	0.0315	get 0.0315% / 8h	50m 34s	$20.5M	$11.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee PhemexbpOrdersRate

Funding earned: $65.5
Slippage, 4 orders: −$287.53
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$244.03
Break-even: 33.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 55 min ago; Phemex: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.082%
Avg gap 7d: +0.091%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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), 55 min ago	130.04 bp	141.1 bp −$141	963.5 bp −$9,635	10292.5 bp −$1.03M	doesn't fit
Sell Phemex live order book, 5 min ago	3.83 bp	12.6 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0172%	1h	$6.1M	$6.7M	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0084% / S +0.0156%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0062%	1h	$3K	$47K	10x	as long as short
Variational Omni LINK	−0.0005%	8h	$3.3M	$1.2M	—	as long as short
dYdX LINK-USD	0.0000%	1h	$347K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$452K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$706K	$78K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0003% / S −0.0007%	1h	$178K	—	150x
Gate LINK_USDT	+0.0005%	8h	$133.1M	$12.3M	75x	as long as short
Bybit LINKUSDT	+0.0019%	8h	$80.9M	$61.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
Paradex LINK-USD-PERP	+0.0044%	8h	$32K	$2K	20x	as long as short
MEXC LINK_USDT	+0.0060%	8h	$34.1M	$56.2M	300x	as long as short
Binance LINKUSDT	+0.0061%	8h	$119.2M	$283.8M	75x	as long as short
Lighter LINK	+0.0064%	1h	$2.0M	$2.0M	10x	as long as short
SoDEX LINK-USD	+0.0080%	1h	$8K	$45K	10x	as long as short
OKX LINK-USDT-SWAP	+0.0084%	8h	$27.7M	$90.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0088%	1h	$1.0M	$2.7M	50x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$550K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0100%	8h	$222K	$1.5M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$437K	$360K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.5M	$20.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$274K	$170K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$184K	$197K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$311K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$652K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$75K	$44K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$34K	$1.6M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$648K	$1.1M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$684K	$1.9M	25x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	$389K	$360K	15x	as long as short
BloFin LINK-USDT	+0.0181%	8h	$5.2M	$10.7M	75x	as long as short
Phemex LINKUSDTshort	+0.0315%	8h	$20.5M	$11.3M	50x
Reya LINKRUSDPERP	+0.0356%	1h	$5K	$400	20x	as long as short