LINK

Alert

Funding spread now, next payment 17:00 UTC−0.0096%/8h

paid, last 24h+0.001%paid, last 3 days−1.101%to open and closeno order book

Long on Injective Short on Variational Omni

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	26m 00s	$4K	$75K	12x
Short	Variational Omni LINK	12.993	−0.0063	pay 0.0063% / 8h	7h 26m	$3.2M	$1.2M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersRate

Funding earned: −$20.17
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.19
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +4.784%
Avg gap 7d: −0.115%

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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.14 bp	doesn't fit	10.4 bp −$104	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.

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 +0.0161%	1h	$1.7M	—	200x	as long as short
SoDEX LINK-USD	−0.0077%	1h	$8K	$38K	10x	as long as short
Variational Omni LINKshort	−0.0063%	8h	$3.2M	$1.2M	—
Phoenix LINK	−0.0061%	1h	$3K	$49K	10x	as long as short
HTX LINK-USDT	−0.0044%	8h	$638K	$1.0M	75x	as long as short
OKX LINK-USDT-SWAP	−0.0001%	8h	$27.4M	$91.1M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$345K	$60K	10x	as long as short
Extended LINK-USD	0.0000%	1h	$677K	$1.8M	25x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$460K	$2.2M	3.7x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$695K	$85K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$190K	—	150x	as long as short
Bybit LINKUSDT	+0.0027%	8h	$80.5M	$60.0M	75x	as long as short
Injective LINK/USDC PERPlong	+0.0033%	1h	$4K	$75K	12x
MEXC LINK_USDT	+0.0035%	8h	$33.3M	$57.5M	300x	as long as short
Binance LINKUSDT	+0.0036%	8h	$119.2M	$290.0M	75x	as long as short
Paradex LINK-USD-PERP	+0.0045%	8h	$32K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$1.0M	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0085%	8h	$149K	$1.7M	20x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$547K	$340	3x	as long as short
Gate LINK_USDT	+0.0089%	8h	$131.2M	$12.0M	75x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$428K	$362K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$76.8M	$22.1M	10x	as long as short
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
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$17.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$365K	$373K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$314K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$656K	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	$33K	$1.6M	30x	as long as short
BloFin LINK-USDT	+0.0144%	8h	$5.2M	$13.1M	75x	as long as short
Reya LINKRUSDPERP	+0.0359%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0517%	8h	$20.3M	$11.2M	50x	as long as short