LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.012%

Price spread now: Phoenix against gTrade (Gains Network)+0.038%63s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.038% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	13.178	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	8m 00s	$134K	—	150x
Short	Phoenix LINK	13.183	0.0037	get 0.0005% / 1h	8m 00s	$3K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.038%Rate

Funding earned: $6.87
Price spread: +0.038% → 0.000%: $3.79
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$6.34
Costs to cover: 0.170%
Break-even: 13.5 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 6 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 gTrade (Gains Network) virtual book (oracle venue), 6 min ago	130.05 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	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 −0.0090% / S +0.0167%	1h	13.177	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.196	+0.139%	$503K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.180	+0.020%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	13.178	long leg	$134K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.902%	$4K	$48K	12x	as long as short
Phoenix LINKshort	+0.0037%	1h	13.183	+0.038%	$3K	$81K	10x
Orderly PERP_LINK_USDC	+0.0041%	8h	13.172	−0.043%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0050%	1h	13.187	+0.071%	$349K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.177	−0.009%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.183	+0.038%	$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	13.175	−0.022%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.193	+0.116%	$77.9M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.182	+0.034%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.190	+0.093%	$276K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.180	+0.017%	$122.5M	$303.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.176	−0.013%	$85.0M	$70.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.178	+0.002%	$27.8M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.196	+0.139%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.181	+0.025%	$130.7M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.177	−0.005%	$36.5M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.183	+0.040%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.177	−0.005%	$54.8M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.181	+0.025%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.165	−0.098%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.168	−0.072%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.162	−0.120%	$594K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.163	−0.112%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.180	+0.017%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.172	−0.044%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.198	+0.155%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.176	−0.013%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.164	−0.102%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.175	−0.022%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.178	+0.005%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.194	+0.124%	$995K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0214%	1h	13.188	+0.078%	$365K	$377K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.169%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.172	−0.045%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0466%	8h	13.193	+0.116%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.181	+0.023%	$7.0M	$8.1M	50x	as long as short