LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: Extended against Injective+3.824%60s7-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 Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.983%−$98 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 3.824% dearer against Injective than usual: you sell high and buy low: +$382 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 −0.983%, so the current rate has only just turned in your favour. The two prices were read 60 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	42m 15s	$4K	$48K	12x
Short	Extended LINK-USD	12.874	0.0104	get 0.0013% / 1h	42m 15s	$628K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +3.824%Rate

Funding earned: $14.84
Price spread: +3.824% → 0.000%: $382.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $392.2
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago	2.32 bp	4.8 bp −$5	6.2 bp −$62	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 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	12.882	+3.886%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.871	+3.799%	$486K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.884	+3.900%	$158K	—	150x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0059%	8h	12.881	+3.879%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.880	+3.870%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.912	+4.129%	$940K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.897	+4.010%	$3K	$84K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0099%	1h	12.884	+3.905%	$769K	$193K	50x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.885	+3.915%	$31K	$2K	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	12.886	+3.923%	$390K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.883	+3.895%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.886	+3.923%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.883	+3.895%	$119.1M	$297.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.882	+3.887%	$83.1M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.881	+3.879%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.896	+4.000%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.880	+3.871%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.881	+3.879%	$32.1M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.886	+3.919%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.884	+3.903%	$53.6M	$29.7M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.884	+3.903%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.888	+3.935%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	+3.856%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.875	+3.833%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.886	+3.921%	$583K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.891	+3.960%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.890	+3.952%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.879	+3.866%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.899	+4.023%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.878	+3.855%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.832	+3.485%	$628K	$704K	75x	as long as short
Extended LINK-USDshort	+0.0104%	1h	12.874	+3.824%	$628K	$2.1M	25x
Aevo LINK-PERP	+0.0104%	1h	12.881	+3.879%	$540K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.885	+3.911%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0352%	1h	12.896	+4.000%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.878	+3.854%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0397%	1h	12.882	+3.889%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0555%	1h	12.884	+3.904%	$341K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0593%	8h	12.897	+4.008%	$19.9M	$11.4M	50x	as long as short