LINK

Alert

Funding spread now, next payment 17:00 UTC+0.0331%/8h

paid, last 24h−0.025%paid, last 3 days−0.111%to open and closeno order book

Long on Kraken Futures Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.024	−0.0385	get 0.0048% / 1h	58m 06s	$6.1M	$6.8M	50x
Short	Variational Omni LINK	13.030	−0.0055	pay 0.0055% / 8h	7h 58m	$3.2M	$1.2M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersRate

Funding earned: $69.42
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $59.42
Break-even: 1.0 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.045%
Avg gap 7d: −0.035%

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	0.38 bp	10.7 bp −$11	18.5 bp −$185	52.4 bp −$5,236	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.11 bp	doesn't fit	10.2 bp −$102	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	−0.0385%	1h	$6.1M	$6.8M	50x
GMX LINK/USD [LINK-USDC]	L −0.0088% / S +0.0159%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0062%	1h	$3K	$46K	10x	as long as short
Bybit LINKUSDT	−0.0059%	8h	$80.7M	$60.7M	75x	as long as short
Variational Omni LINKshort	−0.0055%	8h	$3.2M	$1.2M	—
SoDEX LINK-USD	−0.0053%	1h	$8K	$40K	10x	as long as short
HTX LINK-USDT	−0.0050%	8h	$638K	$1.0M	75x	as long as short
dYdX LINK-USD	0.0000%	1h	$345K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$459K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$697K	$84K	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	$177K	—	150x	as long as short
OKX LINK-USDT-SWAP	+0.0020%	8h	$27.4M	$91.4M	50x	as long as short
Paradex LINK-USD-PERP	+0.0028%	8h	$32K	$2K	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Binance LINKUSDT	+0.0042%	8h	$119.6M	$288.7M	75x	as long as short
MEXC LINK_USDT	+0.0043%	8h	$34.5M	$56.5M	300x	as long as short
Extended LINK-USD	+0.0056%	1h	$678K	$1.8M	25x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$997K	$2.7M	50x	as long as short
Lighter LINK	+0.0080%	1h	$1.9M	$2.0M	10x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$548K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0098%	8h	$171K	$1.7M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$430K	$363K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.0M	$20.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.5M	$2.2M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$167K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$193K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$132.6M	$11.7M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$387K	$363K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$314K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$654K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$43K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
BloFin LINK-USDT	+0.0163%	8h	$5.3M	$13.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0358%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0683%	8h	$20.3M	$11.2M	50x	as long as short