LINK

Alert

Funding spread now, next payment 18:00 UTC−0.0101%/8h

paid, last 24h+0.029%paid, last 5 days+0.102%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	12.953	−0.0012	get 0.0002% / 1h	57m 51s	$9K	$78K	10x
Short	Bybit LINKUSDT	12.939	−0.0113	pay 0.0113% / 8h	4h 57m	$82.5M	$64.3M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BybitbpOrdersRate

Funding earned: −$21.2
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.2
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.111%
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 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 Phoenix no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.39 bp	6.6 bp −$7	11.4 bp −$114	32.3 bp −$3,226	doesn't fit

Phoenix: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni LINK	−0.0118%	8h	$3.2M	$1.2M	—	as long as short
Bybit LINKUSDTshort	−0.0113%	8h	$82.5M	$64.3M	75x
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0165%	1h	$1.7M	—	200x	as long as short
Phoenix LINKlong	−0.0012%	1h	$9K	$78K	10x
OKX LINK-USDT-SWAP	−0.0003%	8h	$27.0M	$81.2M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$343K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$469K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$688K	$106K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	$118K	—	150x	as long as short
Coinbase International LINK-PERP-INTX	+0.0008%	1h	$1.0M	$2.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSD	+0.0018%	1h	$6.1M	$6.3M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
SoDEX LINK-USD	+0.0045%	1h	$4K	$39K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$146K	$1.6M	20x	as long as short
HTX LINK-USDT	+0.0078%	8h	$628K	$920K	75x	as long as short
Binance LINKUSDT	+0.0082%	8h	$117.9M	$288.5M	75x	as long as short
MEXC LINK_USDT	+0.0082%	8h	$34.6M	$54.5M	300x	as long as short
Paradex LINK-USD-PERP	+0.0096%	8h	$31K	$2K	20x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.2M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$391K	$291K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.6M	$22.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$272K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$139K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	$129.5M	$11.9M	75x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.1M	$29.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$21.3M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$309K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$77K	$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	$34K	$1.5M	30x	as long as short
Extended LINK-USD	+0.0104%	1h	$632K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	$545K	$340	3x	as long as short
Backpack LINK_USDC_PERP	+0.0132%	1h	$353K	$373K	15x	as long as short
BloFin LINK-USDT	+0.0202%	8h	$5.2M	$13.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0366%	1h	$4K	$200	20x	as long as short
Phemex LINKUSDT	+0.0452%	8h	$20.2M	$11.2M	50x	as long as short