LINK

Alert

Funding spread now, next payment 19:00 UTC+0.0201%/8h

next payment, per $10,000+$0.25paid, last 24h−0.012%paid, last 7 days+0.997%to open and closeno order book

Long on Kraken Futures Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	12.875	−0.0167	get 0.0021% / 1h	23m 53s	$6.0M	$6.3M	50x
Short	Injective LINK/USDC PERP	12.400	0.0033	get 0.0004% / 1h	23m 53s	$4K	$48K	12x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersRate

Funding earned: $42.14
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $32.12
Break-even: 1.7 days

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −3.693%
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 Kraken Futures live order book, 1 min ago	0.39 bp	11.9 bp −$12	18.7 bp −$187	48.9 bp −$4,894	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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_LINKUSDlong	−0.0167%	1h	$6.0M	$6.3M	50x
Bybit LINKUSDT	−0.0147%	8h	$82.2M	$64.3M	75x	as long as short
Variational Omni LINK	−0.0125%	8h	$3.2M	$1.2M	—	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0165%	1h	$1.7M	—	200x	as long as short
OKX LINK-USDT-SWAP	−0.0016%	8h	$26.8M	$81.0M	50x	as long as short
Phoenix LINK	−0.0012%	1h	$3K	$68K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$341K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$467K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$684K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	$77K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$989K	$2.6M	50x	as long as short
Injective LINK/USDC PERPshort	+0.0033%	1h	$4K	$48K	12x
MEXC LINK_USDT	+0.0057%	8h	$33.0M	$56.0M	300x	as long as short
Binance LINKUSDT	+0.0058%	8h	$116.5M	$287.5M	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$145K	$1.7M	20x	as long as short
Bitget LINKUSDT	+0.0092%	8h	$53.8M	$29.4M	75x	as long as short
BingX LINK-USDT	+0.0092%	8h	—	$21.5M	—	as long as short
Paradex LINK-USD-PERP	+0.0092%	8h	$31K	$2K	20x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.3M	10x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$542K	$340	3x	as long as short
HTX LINK-USDT	+0.0099%	8h	$621K	$919K	75x	as long as short
Nado LINK-PERP	+0.0100%	1h	$392K	$297K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.2M	$22.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$270K	$169K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$180K	$126K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$129.3M	$12.2M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$16.2M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$350K	$368K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$306K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$651K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$77K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$24K	$13K	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	$4K	$39K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	$631K	$1.9M	25x	as long as short
BloFin LINK-USDT	+0.0178%	8h	$5.2M	$13.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0365%	1h	$4K	$200	20x	as long as short
Phemex LINKUSDT	+0.0443%	8h	$20.1M	$11.2M	50x	as long as short