LINK

Alert

Funding spread now, next payment 19:00 UTC−0.0606%/8h

paid, last 24h−0.067%paid, last 7 days−0.242%to open and close $10k−$40

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.242% in total (about -12.6% 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	Phemex LINKUSDT	12.812	0.0437	pay 0.0437% / 8h	5h 55m	$19.9M	$11.2M	50x
Short	Kraken Futures PF_LINKUSD	12.802	−0.0168	pay 0.0021% / 1h	55m 24s	$6.0M	$6.5M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Kraken FuturesbpOrdersRate

Funding earned: −$127.19
Slippage, 4 orders: −$17.56
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$166.74
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.081%
Avg gap 7d: −0.083%

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 Phemex live order book, 5 min ago	1.17 bp	8.6 bp −$9	14.5 bp −$145	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.73 bp	12.6 bp −$13	15.8 bp −$158	47.7 bp −$4,767	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit LINKUSDT	−0.0198%	8h	$81.9M	$64.0M	75x	as long as short
Kraken Futures PF_LINKUSDshort	−0.0168%	1h	$6.0M	$6.5M	50x
Variational Omni LINK	−0.0124%	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
OKX LINK-USDT-SWAP	−0.0034%	8h	$26.6M	$84.3M	50x	as long as short
Phoenix LINK	−0.0012%	1h	$6K	$68K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$340K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$467K	$2.3M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$680K	$106K	50x	as long as short
SoDEX LINK-USD	+0.0002%	1h	$3K	$38K	10x	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 −0.0006%	1h	$161K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$985K	$2.6M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
Binance LINKUSDT	+0.0038%	8h	$116.3M	$289.3M	75x	as long as short
MEXC LINK_USDT	+0.0039%	8h	$33.2M	$55.2M	300x	as long as short
Gate LINK_USDT	+0.0054%	8h	$128.9M	$12.0M	75x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$141K	$1.7M	20x	as long as short
Paradex LINK-USD-PERP	+0.0084%	8h	$31K	$2K	20x	as long as short
Bitget LINKUSDT	+0.0086%	8h	$53.5M	$29.3M	75x	as long as short
BingX LINK-USDT	+0.0086%	8h	—	$24.6M	—	as long as short
Aevo LINK-PERP	+0.0088%	1h	$539K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.3M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$423K	$284K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$74.9M	$22.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$270K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$180K	$126K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$16.6M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$348K	$373K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$42K	$306K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$129K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$24K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.5M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$619K	$925K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$648K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0153%	8h	$5.1M	$13.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0364%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDTlong	+0.0437%	8h	$19.9M	$11.2M	50x