LINK

Alert

Funding spread now, next payment 16:00 UTC−0.0161%/8h

next payment, per $10,000−$0.20paid, last 24h−0.092%paid, last 5 days−0.220%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LINK	12.996	0.0100	pay 0.0013% / 1h	33m 52s	$76.9M	$21.9M	10x
Short	Phoenix LINK	13.000	−0.0061	pay 0.0008% / 1h	33m 52s	$3K	$49K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhoenixbpOrdersRate

Funding earned: −$33.9
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$49.9
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.028%
Avg gap 7d: —

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 Hyperliquid live order book, 11 min ago	0.38 bp	5.2 bp −$5	doesn't fit	doesn't fit	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 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	−0.0386%	1h	$6.1M	$6.8M	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0160%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0063%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINKshort	−0.0061%	1h	$3K	$49K	10x
HTX LINK-USDT	−0.0044%	8h	$638K	$1.0M	75x	as long as short
SoDEX LINK-USD	−0.0043%	1h	$8K	$38K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$344K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$460K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$694K	$86K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	$177K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX LINK-USDT-SWAP	+0.0006%	8h	$27.4M	$91.1M	50x	as long as short
Bybit LINKUSDT	+0.0011%	8h	$80.5M	$60.1M	75x	as long as short
Extended LINK-USD	+0.0032%	1h	$677K	$1.8M	25x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Binance LINKUSDT	+0.0038%	8h	$119.2M	$289.9M	75x	as long as short
MEXC LINK_USDT	+0.0040%	8h	$33.3M	$57.4M	300x	as long as short
Paradex LINK-USD-PERP	+0.0046%	8h	$31K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$993K	$2.7M	50x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$546K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0094%	8h	$157K	$1.7M	20x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$427K	$363K	10x	as long as short
Hyperliquid LINKlong	+0.0100%	1h	$76.9M	$21.9M	10x
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$193K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$132.3M	$11.8M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$53.9M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$364K	$377K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$312K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$655K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$78K	$51K	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
BloFin LINK-USDT	+0.0160%	8h	$5.2M	$13.2M	75x	as long as short
Phemex LINKUSDT	+0.0254%	8h	$20.2M	$11.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0359%	1h	$4K	$400	20x	as long as short