data as of
Settings8H · net · $10k
Funding arb /

LINK

all LINK markets
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Funding spread now, next payment 16:00 UTC−0.0288%/8h
next payment, per $10,000$2.88paid, last 24h−0.049%paid, last 3 days−0.299%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LINKUSDT13.0540.0336pay 0.0336% / 8h1h 30m$20.5M$11.2M50x
ShortParadex LINK-USD-PERP13.0170.0049get 0.0049% / 8h1h 30m$32K$2K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$60.4
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$76.4
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.280%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago1.53 bp11.1 bp −$1116.7 bp −$167doesn't fitdoesn't fit
Sell Paradex no order-book sample
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 39 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX LINK/USD [LINK-USDC]L −0.0082% / S +0.0154%1h$1.7M200xas long as short
Phoenix LINK−0.0074%1h$4K$41K10xas long as short
dYdX LINK-USD0.0000%1h$345K$60K10xas long as short
Kalshi KXLINKPERP0.0000%8h$451K$2.2M3.7xas long as short
Deribit LINK_USDC-PERPETUAL0.0000%1h$707K$73K50xas long as short
gTrade (Gains Network) LINK/USDL +0.0003% / S −0.0012%1h$151K150xas long as short
Gate LINK_USDT+0.0005%8h$132.5M$12.6M75xas long as short
Kraken Futures PF_LINKUSD+0.0015%1h$6.4M$6.2M50xas long as short
SoDEX LINK-USD+0.0028%1h$8K$45K10xas long as short
Variational Omni LINK+0.0033%8h$3.3M$1.1Mas long as short
Show all 39 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP+0.0033%1h$4K$106K12xas long as short
Paradex LINK-USD-PERPshort+0.0049%8h$32K$2K20x
Bybit LINKUSDT+0.0053%8h$80.5M$61.3M75xas long as short
Coinbase International LINK-PERP-INTX+0.0056%1h$965K$2.7M50xas long as short
MEXC LINK_USDT+0.0075%8h$33.1M$56.5M300xas long as short
Binance LINKUSDT+0.0075%8h$118.6M$281.7M75xas long as short
Lighter LINK+0.0096%1h$2.0M$3.0M10xas long as short
Aevo LINK-PERP+0.0096%1h$548K$3403xas long as short
Orderly PERP_LINK_USDC+0.0099%8h$224K$1.5M20xas long as short
Nado LINK-PERP+0.0100%1h$428K$360K10xas long as short
Hyperliquid LINK+0.0100%1h$78.8M$21.2M10xas long as short
Aster LINKUSDT+0.0100%8h$1.4M$2.0M50xas long as short
Pacifica LINK+0.0100%1h$277K$166K10xas long as short
OKX LINK-USDT-SWAP+0.0100%8h$27.6M$89.3M50xas long as short
Arcus LINK-USD+0.0100%1h$184K$197K10xas long as short
KuCoin LINKUSDTM+0.0100%8h$21.4M$17.9M75xas long as short
Bitget LINKUSDT+0.0100%8h$53.9M$30.2M75xas long as short
BingX LINK-USDT+0.0100%8h$19.2Mas long as short
edgeX LINKUSDC+0.0100%4h$43K$312K20xas long as short
ApeX Omni LINKUSDT+0.0100%1h$132K$653K50xas long as short
Polymarket Perps LINK-USD+0.0100%1h$74K$41K10xas long as short
Derive LINK-PERP+0.0100%1h$28K$8K10xas long as short
SunX LINK-USDT+0.0100%8h$34K$1.6M30xas long as short
HTX LINK-USDT+0.0100%8h$645K$1.2M75xas long as short
Extended LINK-USD+0.0104%1h$679K$1.9M25xas long as short
Backpack LINK_USDC_PERP+0.0106%1h$388K$360K15xas long as short
BloFin LINK-USDT+0.0195%8h$5.2M$8.9M75xas long as short
Phemex LINKUSDTlong+0.0336%8h$20.5M$11.2M50x
Reya LINKRUSDPERP+0.0354%1h$4K$40020xas long as short