LINK

Alert

Funding spread now, next payment 15:00 UTC−0.0062%/8h

paid, last 24h−0.012%paid, last 5 days+0.004%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.036	0	get 0.0000% / 8h	4h 54m	$450K	$2.2M	3.7x
Short	Phoenix LINK	12.983	−0.0062	pay 0.0008% / 1h	54m 40s	$4K	$41K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee PhoenixbpOrdersRate

Funding earned: −$12.93
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$29.93
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.403%
Avg gap 7d: —

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 Kalshi live order book, 5 min ago	6.15 bp	11.2 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0173%	1h	$6.1M	$6.7M	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0084% / S +0.0156%	1h	$1.7M	—	200x	as long as short
Phoenix LINKshort	−0.0062%	1h	$4K	$41K	10x
Variational Omni LINK	−0.0003%	8h	$3.2M	$1.2M	—	as long as short
dYdX LINK-USD	0.0000%	1h	$346K	$60K	10x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	$450K	$2.2M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$703K	$80K	50x	as long as short
Gate LINK_USDT	+0.0003%	8h	$132.9M	$12.2M	75x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0007%	1h	$177K	—	150x	as long as short
Bybit LINKUSDT	+0.0020%	8h	$80.6M	$61.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
Paradex LINK-USD-PERP	+0.0046%	8h	$32K	$2K	20x	as long as short
MEXC LINK_USDT	+0.0061%	8h	$33.8M	$56.0M	300x	as long as short
Binance LINKUSDT	+0.0061%	8h	$118.5M	$283.5M	75x	as long as short
Coinbase International LINK-PERP-INTX	+0.0088%	1h	$998K	$2.7M	50x	as long as short
Lighter LINK	+0.0088%	1h	$2.0M	$2.0M	10x	as long as short
OKX LINK-USDT-SWAP	+0.0093%	8h	$27.9M	$89.8M	50x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$548K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0100%	8h	$222K	$1.5M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$433K	$364K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.2M	$20.7M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$273K	$170K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$184K	$197K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.2M	$17.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$310K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$653K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$44K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	$8K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	$646K	$1.1M	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$681K	$1.9M	25x	as long as short
Backpack LINK_USDC_PERP	+0.0153%	1h	$388K	$359K	15x	as long as short
BloFin LINK-USDT	+0.0181%	8h	$5.2M	$10.5M	75x	as long as short
Phemex LINKUSDT	+0.0323%	8h	$20.4M	$11.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0355%	1h	$4K	$400	20x	as long as short