LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.013%

Price spread now: Coinbase International against Injective+5.234%64s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−1.022%−$102 on $10k

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 Coinbase International is 5.234% dearer against Injective than usual: you sell high and buy low: +$523 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.022%, so the current rate has only just turned in your favour. The two prices were read 64 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	Injective LINK/USDC PERP	12.400	0.0033	pay 0.0004% / 1h	19m 56s	$4K	$48K	12x
Short	Coinbase International LINK-PERP-INTX	13.049	0.0072	get 0.0009% / 1h	19m 56s	$957K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +5.234%Rate

Funding earned: $8.12
Price spread: +5.234% → 0.000%: $523.39
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $521.49
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	3.07 bp	9.5 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit

Injective: 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: 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	12.990	+4.758%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.012	+4.933%	$474K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.992	+4.771%	$159K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Phoenix LINK	+0.0049%	1h	13.024	+5.032%	$3K	$86K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0050%	1h	12.993	+4.785%	$772K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.988	+4.742%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTXshort	+0.0072%	1h	13.049	+5.234%	$957K	$2.7M	50x
Lighter LINK	+0.0096%	1h	12.991	+4.766%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.993	+4.779%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.992	+4.778%	$395K	$322K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.995	+4.799%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.995	+4.797%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.007	+4.894%	$119.5M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.003	+4.863%	$84.0M	$72.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.005	+4.879%	$27.4M	$84.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+4.927%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.989	+4.750%	$128.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.005	+4.879%	$33.1M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.008	+4.903%	$22.5M	$14.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.004	+4.871%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.996	+4.806%	—	$23.0M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.005	+4.880%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.033	+5.108%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.032	+5.097%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.038	+5.145%	$134K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	+4.806%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.990	+4.756%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.002	+4.856%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.990	+4.758%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.987	+4.733%	$641K	$858K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.000	+4.837%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.991	+4.767%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0110%	1h	13.005	+4.879%	$338K	$386K	15x	as long as short
dYdX LINK-USD	+0.0298%	1h	12.993	+4.781%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.986	+4.729%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0451%	1h	13.007	+4.895%	$80.4M	$26.4M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.996	+4.809%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	13.006	+4.887%	$20.1M	$11.5M	50x	as long as short