LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%

Price spread now: gTrade (Gains Network) against Injective+3.620%7-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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 3.620% dearer against Injective than usual: you sell high and buy low (spread +3.620% now, against zero (this spread has no 7-day history yet)): +$362 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 months.

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	28m 49s	$4K	$48K	12x
Short	gTrade (Gains Network) LINK/USD	12.849	L +0.0004% / S −0.0005%	get 0.0001% / 1h	28m 49s	$155K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +3.620%Rate

Funding earned: −$6.03
Price spread: +3.620% → 0.000%: $362.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $345.97
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 15 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 gTrade (Gains Network) virtual book (oracle venue), 15 min ago	130.04 bp	142.5 bp −$143	1049.2 bp −$10.5K	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 −0.0089% / S +0.0166%	1h	12.849	+3.621%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.853	+3.651%	$503K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0005%	1h	12.849	+3.620%	$155K	—	150x
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0045%	8h	12.840	+3.548%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.848	+3.610%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.840	+3.549%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.841	+3.560%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.845	+3.585%	$344K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.836	+3.516%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.843	+3.573%	$274K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.831	+3.478%	$118.1M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.830	+3.468%	$82.7M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.831	+3.476%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.863	+3.734%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.830	+3.468%	$123.7M	$15.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.831	+3.476%	$33.0M	$57.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.835	+3.508%	$22.6M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.826	+3.435%	$53.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.830	+3.468%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.845	+3.589%	$335K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.825	+3.423%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.839	+3.541%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.825	+3.430%	$580K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.838	+3.532%	$131K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.858	+3.694%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.842	+3.564%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.853	+3.653%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.840	+3.548%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.841	+3.556%	$630K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.827	+3.443%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.845	+3.585%	$539K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.850	+3.629%	$914K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0178%	1h	12.851	+3.638%	$793K	$241K	50x	as long as short
Hyperliquid LINK	+0.0220%	1h	12.842	+3.565%	$80.0M	$27.6M	10x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.843	+3.573%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0279%	1h	12.842	+3.563%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.850	+3.630%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0582%	8h	12.858	+3.694%	$19.9M	$11.2M	50x	as long as short
dYdX LINK-USD	+0.0856%	1h	12.839	+3.537%	$342K	$33K	10x	as long as short