LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Injective+5.840%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.103%−$110 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 5.840% dearer against Injective than usual: you sell high and buy low: +$584 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 −1.103%, so the current rate has only just turned in your favour.

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	25m 04s	$4K	$48K	12x
Short	Lighter LINK	13.124	0.0096	get 0.0012% / 1h	25m 04s	$2.0M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +5.840%Rate

Funding earned: $13.16
Price spread: +5.840% → 0.000%: $584.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $597.16
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 2 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 Lighter live order book, 2 min ago	1.79 bp	2.6 bp −$3	10.6 bp −$106	68.4 bp −$6,841	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 −0.0091% / S +0.0167%	1h	13.121	+5.818%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.128	+5.869%	$475K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.129	+5.877%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.121	+5.818%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.152	+6.065%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	12.400	long leg	$4K	$48K	12x
Orderly PERP_LINK_USDC	+0.0043%	8h	13.121	+5.815%	$133K	$1.5M	20x	as long as short
Lighter LINKshort	+0.0096%	1h	13.124	+5.840%	$2.0M	$2.7M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	13.116	+5.775%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.120	+5.808%	$400K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.125	+5.847%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.123	+5.829%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.121	+5.814%	$122.0M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.116	+5.774%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	+5.798%	$27.7M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+5.927%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.123	+5.831%	$130.0M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.125	+5.847%	$36.5M	$57.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.129	+5.879%	$22.7M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.123	+5.831%	$54.6M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.123	+5.831%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.138	+5.952%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.140	+5.968%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.144	+5.998%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.148	+6.032%	$153K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.122	+5.823%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.122	+5.825%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.132	+5.906%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.125	+5.847%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.110	+5.722%	$645K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.123	+5.827%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.127	+5.860%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.128	+5.871%	$994K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.115	+5.766%	$5.2M	$17.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0229%	1h	13.134	+5.919%	$363K	$377K	15x	as long as short
Hyperliquid LINK	+0.0283%	1h	13.139	+5.960%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.118	+5.790%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.135	+5.931%	$7.0M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0483%	8h	13.139	+5.960%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0648%	1h	13.124	+5.842%	$348K	$48K	10x	as long as short