LINK

Alert

Funding spread now, next payment 18:00 UTC+0.0166%/8h

next payment, per $10,000+$0.21paid, last 24h−0.064%paid, last 3 days−0.300%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.771	−0.0331	get 0.0041% / 1h	3m 01s	$6.0M	$6.5M	50x
Short	GMX LINK/USD [LINK-USDC]	12.762	L −0.0091% / S +0.0165%	pay 0.0021% / 1h	3m 01s	$1.7M	—	200x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersRate

Funding earned: $34.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.85
Break-even: 4.4 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.076%
Avg gap 7d: +0.016%

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 Kraken Futures live order book, 2 min ago	1.96 bp	13.9 bp −$14	18.8 bp −$188	54.4 bp −$5,437	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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_LINKUSDlong	−0.0331%	1h	$6.0M	$6.5M	50x
Bybit LINKUSDT	−0.0212%	8h	$81.6M	$64.1M	75x	as long as short
Variational Omni LINK	−0.0117%	8h	$3.2M	$1.2M	—	as long as short
GMX LINK/USD [LINK-USDC]short	L −0.0091% / S +0.0165%	1h	$1.7M	—	200x
Phoenix LINK	−0.0080%	1h	$6K	$46K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0032%	8h	$26.5M	$84.0M	50x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$465K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$678K	$106K	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$338K	$60K	10x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0004%	1h	$115K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate LINK_USDT	+0.0028%	8h	$128.2M	$12.2M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
MEXC LINK_USDT	+0.0034%	8h	$33.0M	$58.0M	300x	as long as short
Binance LINKUSDT	+0.0035%	8h	$116.2M	$289.1M	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$141K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$981K	$2.6M	50x	as long as short
Paradex LINK-USD-PERP	+0.0081%	8h	$31K	$2K	20x	as long as short
Bitget LINKUSDT	+0.0087%	8h	$53.3M	$29.4M	75x	as long as short
BingX LINK-USDT	+0.0087%	8h	—	$24.8M	—	as long as short
Aevo LINK-PERP	+0.0088%	1h	$537K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.4M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$423K	$302K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$74.6M	$22.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$269K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$179K	$128K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.2M	$16.6M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$347K	$373K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$42K	$307K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$129K	$649K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$24K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	$3K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	$617K	$924K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$648K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0138%	8h	$5.1M	$13.6M	75x	as long as short
Reya LINKRUSDPERP	+0.0363%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	$19.9M	$11.2M	50x	as long as short