LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0453%/8h= −49.6% APRnext payment −$0.57 per $10,000 · paid last 24h −0.017%

Price spread now: Derive against Kraken Futures−0.015%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.032	0.0553	pay 0.0069% / 1h	56m 00s	$6.8M	$8.0M	50x
Short	Derive LINK-PERP	13.030	0.0100	get 0.0013% / 1h	56m 00s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Kraken Futures. 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 Kraken FuturesbpFee DerivebpOrdersPrice spread, now −0.015%Rate

Funding earned: −$95.09
Price spread: −0.015% → 0.000%: −$1.53
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$112.62
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; Derive: no order-book sample. 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 Kraken Futures live order book, 3 min ago	3.46 bp	11.0 bp −$11	18.9 bp −$189	44.2 bp −$4,423	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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: 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	13.036	+0.025%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.992	−0.308%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	13.031	−0.010%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.852%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.030	−0.016%	$3K	$83K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.004	−0.218%	$952K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.030	−0.018%	$118K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.024	−0.061%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.039	+0.053%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.033	+0.005%	$396K	$316K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.021	−0.085%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.032	−0.003%	$275K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.006	−0.200%	$119.7M	$297.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.001	−0.241%	$84.1M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.014	−0.141%	$27.4M	$82.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.052	+0.151%	$183K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.014	−0.141%	$128.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.013	−0.148%	$32.2M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.014	−0.141%	$23.1M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.013	−0.148%	$54.1M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.003	−0.225%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.025	−0.056%	$340K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	+0.015%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.027	−0.044%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.023	−0.069%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	+0.051%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.046	+0.105%	$81K	$70K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	13.030	−0.015%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.054	+0.166%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.030	−0.018%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.024	−0.068%	$642K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.008	−0.184%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.033	+0.004%	$547K	$2K	3x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	13.035	+0.024%	$4K	—	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0479%	1h	13.036	+0.026%	$774K	$212K	50x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0553%	1h	13.032	long leg	$6.8M	$8.0M	50x
Phemex LINKUSDT	+0.0567%	8h	13.036	+0.028%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0624%	1h	13.034	+0.013%	$81.5M	$26.5M	10x	as long as short
dYdX LINK-USD	+0.0632%	1h	13.023	−0.073%	$345K	$30K	10x	as long as short