data as of
Settings8H · net · $10k
Funding arb /

LINK

all LINK markets
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Funding spread now, next payment 18:00 UTC−0.0237%/8h
paid, last 24h−0.062%paid, last 7 days−0.120%to open and close $10k−$26
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LINK12.8670.0100pay 0.0013% / 1h42m 02s$75.6M$21.8M10x
ShortBybit LINKUSDT12.859−0.0137pay 0.0137% / 8h6h 42m$79.8M$59.2M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$49.77
Slippage, 4 orders
−$5.95
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$75.72
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.062%
Avg gap 7d
−0.073%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago0.39 bp5.4 bp −$59.9 bp −$99doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.39 bp6.4 bp −$610.7 bp −$10733.8 bp −$3,380doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_LINKUSD−0.0329%1h$6.0M$6.5M50xas long as short
Bybit LINKUSDTshort−0.0137%8h$79.8M$59.2M75x
GMX LINK/USD [LINK-USDC]L −0.0092% / S +0.0163%1h$1.7M200xas long as short
Variational Omni LINK−0.0081%8h$3.2M$1.2Mas long as short
Phoenix LINK−0.0080%1h$3K$46K10xas long as short
Extended LINK-USD−0.0072%1h$669K$1.8M25xas long as short
OKX LINK-USDT-SWAP−0.0044%8h$26.8M$87.0M50xas long as short
SoDEX LINK-USD−0.0037%1h$8K$36K10xas long as short
Gate LINK_USDT−0.0034%8h$129.8M$11.4M75xas long as short
dYdX LINK-USD0.0000%1h$341K$60K10xas long as short
Show all 39 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Kalshi KXLINKPERP0.0000%8h$456K$2.2M3.7xas long as short
Deribit LINK_USDC-PERPETUAL0.0000%1h$688K$104K50xas long as short
gTrade (Gains Network) LINK/USDL +0.0004% / S −0.0008%1h$193K150xas long as short
HTX LINK-USDT+0.0012%8h$621K$1.0M75xas long as short
MEXC LINK_USDT+0.0020%8h$32.7M$55.9M300xas long as short
Binance LINKUSDT+0.0021%8h$117.7M$283.9M75xas long as short
Injective LINK/USDC PERP+0.0033%1h$4K$48K12xas long as short
Paradex LINK-USD-PERP+0.0055%8h$31K$2K20xas long as short
Orderly PERP_LINK_USDC+0.0070%8h$139K$1.7M20xas long as short
Coinbase International LINK-PERP-INTX+0.0072%1h$997K$2.6M50xas long as short
BloFin LINK-USDT+0.0083%8h$5.2M$13.0M75xas long as short
Bitget LINKUSDT+0.0086%8h$53.7M$29.3M75xas long as short
Aevo LINK-PERP+0.0088%1h$541K$3403xas long as short
BingX LINK-USDC+0.0090%8h$6.6Mas long as short
Lighter LINK+0.0096%1h$1.9M$2.0M10xas long as short
Nado LINK-PERP+0.0100%1h$421K$345K10xas long as short
Hyperliquid LINKlong+0.0100%1h$75.6M$21.8M10x
Aster LINKUSDT+0.0100%8h$1.4M$2.4M50xas long as short
Pacifica LINK+0.0100%1h$269K$163K10xas long as short
Arcus LINK-USD+0.0100%1h$182K$185K10xas long as short
KuCoin LINKUSDTM+0.0100%8h$21.3M$16.7M75xas long as short
Backpack LINK_USDC_PERP+0.0100%1h$352K$370K15xas long as short
edgeX LINKUSDC+0.0100%4h$43K$311K20xas long as short
ApeX Omni LINKUSDT+0.0100%1h$131K$650K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h$77K$54K10xas long as short
Derive LINK-PERP+0.0100%1h$27K$10K10xas long as short
SunX LINK-USDT+0.0100%8h$33K$1.5M30xas long as short
Reya LINKRUSDPERP+0.0361%1h$4K$40020xas long as short
Phemex LINKUSDT+0.0386%8h$20.0M$11.3M50xas long as short