LINK

Alert

Funding spread now, next payment 19:00 UTC+0.0267%/8h

paid, last 24h+0.009%paid, last 7 days+0.048%to open and close $10k−$62

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment. 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	12.934	−0.0167	get 0.0021% / 1h	11m 27s	$6.1M	$6.3M	50x
Short	SunX LINK-USDT	12.930	0.0100	get 0.0100% / 8h	5h 11m	$33K	$1.5M	30x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee SunXbpOrdersRate

Funding earned: $55.98
Slippage, 4 orders: −$42.15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 5 bp × 2 orders: −$10
Net: −$6.17
Break-even: 7.8 days

Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.030%
Avg gap 7d: +0.084%

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, 4 min ago	2.32 bp	12.5 bp −$13	18.3 bp −$183	51.0 bp −$5,102	doesn't fit
Sell SunX live order book, 10 min ago	13.66 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit

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	$6.1M	$6.3M	50x
Bybit LINKUSDT	−0.0128%	8h	$82.5M	$64.5M	75x	as long as short
Variational Omni LINK	−0.0121%	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
Phoenix LINK	−0.0012%	1h	$3K	$68K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0006%	8h	$27.0M	$81.4M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$342K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	$118K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$999K	$2.6M	50x	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	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$146K	$1.6M	20x	as long as short
MEXC LINK_USDT	+0.0071%	8h	$34.1M	$56.4M	300x	as long as short
Binance LINKUSDT	+0.0073%	8h	$117.2M	$287.9M	75x	as long as short
HTX LINK-USDT	+0.0085%	8h	$625K	$919K	75x	as long as short
Paradex LINK-USD-PERP	+0.0094%	8h	$31K	$2K	20x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.3M	10x	as long as short
BingX LINK-USDT	+0.0096%	8h	—	$21.5M	—	as long as short
Aevo LINK-PERP	+0.0096%	1h	$544K	$340	3x	as long as short
Bitget LINKUSDT	+0.0099%	8h	$54.1M	$29.3M	75x	as long as short
Nado LINK-PERP	+0.0100%	1h	$392K	$294K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.5M	$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	$271K	$167K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$126K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$129.9M	$12.2M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$16.1M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$353K	$371K	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-USDTshort	+0.0100%	8h	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	$4K	$39K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	$630K	$1.9M	25x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0106%	1h	$687K	$106K	50x	as long as short
BloFin LINK-USDT	+0.0189%	8h	$5.1M	$13.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0366%	1h	$4K	$200	20x	as long as short
Phemex LINKUSDT	+0.0462%	8h	$20.1M	$11.2M	50x	as long as short