LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.027%

Price spread now: dYdX against Pacifica+0.010%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2832.828% of the position

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.331%+$33 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.010%, 7d avg −0.002%

Together, before fees+0.302%+ Points / potential airdropPacifica: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.331%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	13.179	0.0100	pay 0.0013% / 1h	14m 17s	$276K	$150K	10x
Short	dYdX LINK-USD	13.180	0.0016	get 0.0002% / 1h	14m 17s	$349K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Pacifica. 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 PacificabpFee dYdXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$17.7
Price spread: +0.010% → −0.002%: $1.14
Slippage, 4 orders: −$264.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$299.32
Costs to cover: 2.828%
Break-even: never at this rate

Slippage from Pacifica: live order book, 9 min ago; dYdX: live order book, 10 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 Pacifica live order book, 9 min ago	3.04 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 10 min ago	125.69 bp	130.7 bp −$131	130.7 bp −$1,307	133.9 bp −$13.4K	195.3 bp −$97.6K

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 −0.0092% / S +0.0167%	1h	13.191	+0.094%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.178	−0.006%	$483K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.196	+0.127%	$720K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.193	+0.108%	$134K	—	150x	as long as short
dYdX LINK-USDshort	+0.0016%	1h	13.180	+0.010%	$349K	$60K	10x
Phoenix LINK	+0.0018%	1h	13.185	+0.045%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.909%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.187	+0.062%	$134K	$1.6M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.196	+0.130%	$2.1M	$2.4M	10x	as long as short
Variational Omni LINK	+0.0097%	8h	13.185	+0.046%	$3.3M	$1.5M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.176	−0.023%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.177	−0.012%	$401K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.200	+0.161%	$78.0M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.188	+0.073%	$1.6M	$2.7M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	13.179	long leg	$276K	$150K	10x
Binance LINKUSDT	+0.0100%	8h	13.192	+0.102%	$122.5M	$301.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.187	+0.062%	$84.9M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.190	+0.085%	$28.0M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.195	+0.123%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.182	+0.024%	$130.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.190	+0.085%	$37.4M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.193	+0.108%	$22.0M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.188	+0.070%	$54.7M	$30.3M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.191	+0.093%	—	$6.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.188	+0.072%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.187	+0.062%	$595K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.197	+0.138%	$154K	$664K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.188	+0.070%	$81K	$67K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.187	+0.065%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.206	+0.209%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.192	+0.100%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.166	−0.096%	$647K	$907K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.188	+0.067%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.193	+0.109%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.191	+0.093%	$992K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0116%	1h	13.201	+0.168%	$366K	$372K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.179	+0.002%	$5.3M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0374%	1h	13.186	+0.057%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0462%	8h	13.204	+0.191%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	13.200	+0.158%	$7.0M	$7.9M	50x	as long as short