LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0091%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Pacifica−0.047%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$3093.090% of the position

Long on Pacifica Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.047%, 7d avg −0.005%

Together, before fees+0.067%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.041% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LINK	12.966	0.0100	pay 0.0013% / 1h	23m 20s	$274K	$176K	10x
Short	gTrade (Gains Network) LINK/USD	12.960	L +0.0004% / S −0.0009%	get 0.0001% / 1h	23m 20s	$159K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.047%Rate

Funding earned: −$19.01
Price spread: −0.047% → −0.005%: −$4.13
Slippage, 4 orders: −$291.04
Fee Pacifica: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$332.18
Costs to cover: 3.090%
Break-even: never at this rate

Slippage from Pacifica: live order book, 35 min ago; gTrade (Gains Network): virtual book (oracle venue), 31 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, 35 min ago	3.88 bp	12.6 bp −$13	25.0 bp −$250	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 31 min ago	130.05 bp	142.5 bp −$143	1049.3 bp −$10.5K	doesn't fit	doesn't fit

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 −0.0090% / S +0.0167%	1h	12.957	−0.065%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.970	+0.034%	$519K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDshort	L +0.0004% / S −0.0009%	1h	12.960	−0.047%	$159K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.363%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0057%	8h	12.957	−0.067%	$117K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.964	−0.015%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.965	−0.005%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.970	+0.037%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.961	−0.033%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.961	−0.036%	$392K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.962	−0.031%	$1.2M	$2.4M	50x	as long as short
Pacifica LINKlong	+0.0100%	1h	12.966	long leg	$274K	$176K	10x
Binance LINKUSDT	+0.0100%	8h	12.959	−0.049%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.957	−0.067%	$83.6M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.959	−0.051%	$27.4M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.977	+0.087%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.963	−0.021%	$128.2M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.961	−0.036%	$33.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.966	+0.003%	$22.7M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.013%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.961	−0.036%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.976	+0.080%	$339K	$388K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	−0.089%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.967	+0.013%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.967	+0.011%	$581K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.975	+0.072%	$133K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.966	+0.003%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.959	−0.051%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.977	+0.084%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.962	−0.028%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.936	−0.229%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.958	−0.058%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.962	−0.028%	$544K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0167%	1h	12.966	+0.003%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.003%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0366%	1h	12.976	+0.080%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.957	−0.068%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.964	−0.010%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0425%	1h	12.965	−0.005%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0532%	8h	12.979	+0.103%	$20.0M	$11.4M	50x	as long as short