LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0545%/8h= −59.6% APRnext payment −$0.68 per $10,000 · paid last 24h −0.045%

Price spread now: gTrade (Gains Network) against Kraken Futures+0.050%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$3093.087% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.050%, 7d avg −0.011%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.061% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.100% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.100% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.008	0.0554	pay 0.0069% / 1h	28m 27s	$6.8M	$8.1M	50x
Short	gTrade (Gains Network) LINK/USD	13.014	L +0.0004% / S −0.0009%	get 0.0001% / 1h	28m 27s	$159K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.050%Rate

Funding earned: −$114.37
Price spread: +0.050% → −0.011%: $6.11
Slippage, 4 orders: −$288.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$416.96
Costs to cover: 3.087%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 31 min ago.

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, 5 min ago	3.07 bp	12.1 bp −$12	15.1 bp −$151	49.8 bp −$4,980	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 31 min ago	130.06 bp	142.5 bp −$143	1049.2 bp −$10.5K	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	13.013	+0.043%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.033	+0.194%	$482K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0009%	1h	13.014	+0.050%	$159K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.673%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.023	+0.117%	$938K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0065%	8h	13.009	+0.009%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.999	−0.068%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.044	+0.275%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.000	−0.060%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.997	−0.079%	$395K	$315K	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	13.004	−0.027%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.001	−0.051%	$274K	$171K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.006	−0.014%	$119.9M	$296.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.004	−0.029%	$84.0M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.006	−0.014%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.018	+0.078%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.002	−0.045%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.001	−0.052%	$32.0M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.003	−0.037%	$23.0M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.009	+0.009%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.000	−0.060%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.009	+0.009%	$342K	$382K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.029	+0.162%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.018	+0.076%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.036	+0.215%	$590K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.034	+0.201%	$134K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.012	+0.032%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.009	+0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.031	+0.177%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.006	−0.014%	$5K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.011	+0.021%	$642K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.994	−0.103%	$649K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.010	+0.017%	$546K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0157%	1h	13.013	+0.037%	$773K	$184K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.014	+0.048%	$5.2M	$15.8M	75x	as long as short
dYdX LINK-USD	+0.0351%	1h	13.002	−0.046%	$344K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0387%	1h	13.006	−0.011%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0554%	1h	13.008	long leg	$6.8M	$8.1M	50x
Phemex LINKUSDT	+0.0595%	8h	13.021	+0.101%	$20.1M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0646%	1h	13.024	+0.124%	$81.8M	$27.2M	10x	as long as short