LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0373%/8h= +40.9% APRnext payment +$3.73 per $10,000 · paid last 24h +0.072%

Price spread now: Phemex against Paradex+0.131%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phemex is 0.131% dearer against Paradex than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.131	0.0100	pay 0.0100% / 8h	1h 48m	$32K	$3K	20x
Short	Phemex LINKUSDT	13.148	0.0473	get 0.0473% / 8h	1h 48m	$20.3M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Paradex. 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 ParadexbpFee PhemexbpOrdersPrice spread, now +0.131%Rate

Funding earned: $78.36
Price spread: +0.131% → 0.000%: $13.13
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: $75.5
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	2.28 bp	10.3 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit

Paradex: 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 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	13.143	+0.097%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.147	+0.126%	$348K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.147	+0.126%	$461K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.146	+0.118%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.145	+0.109%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.565%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.144	+0.101%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.142	+0.086%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.150	+0.146%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.131	long leg	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.136	+0.036%	$399K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.152	+0.162%	$77.6M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.145	+0.111%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.146	+0.118%	$275K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.144	+0.103%	$121.9M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.140	+0.070%	$84.6M	$69.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.139	+0.063%	$27.7M	$85.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.145	+0.109%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.142	+0.086%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.144	+0.101%	$36.4M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.148	+0.131%	$22.3M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.143	+0.093%	$54.6M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.144	+0.101%	—	$21.8M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.128	−0.018%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.134	+0.028%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.136	+0.040%	$599K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.160	+0.223%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.147	+0.124%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.139	+0.065%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.163	+0.248%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.142	+0.086%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.124	−0.049%	$645K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.140	+0.071%	$675K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.145	+0.109%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.144	+0.101%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0123%	1h	13.154	+0.177%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.145	+0.109%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.144	+0.099%	$5K	—	20x	as long as short
Phemex LINKUSDTshort	+0.0473%	8h	13.148	+0.131%	$20.3M	$11.6M	50x
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.154	+0.173%	$6.9M	$8.0M	50x	as long as short