LINK

Alert

Funding spread now, next payment 17:00 UTC+0.0080%/8h

paid, last 24h+0.012%paid, last 5 days−0.001%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	12.855	−0.0080	get 0.0010% / 1h	12m 12s	$6K	$46K	10x
Short	Kalshi KXLINKPERP	12.831	0	get 0.0000% / 8h	2h 12m	$453K	$2.2M	3.7x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee KalshibpOrdersRate

Funding earned: $16.82
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$0.18
Break-even: 7.1 days

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

Price risk

price view

Price gap now: −0.193%
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 Kalshi live order book, 3 min ago	8.44 bp	13.6 bp −$14	19.9 bp −$199	doesn't fit	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
Kraken Futures PF_LINKUSD	−0.0330%	1h	$6.0M	$6.3M	50x	as long as short
Bybit LINKUSDT	−0.0193%	8h	$82.0M	$62.4M	75x	as long as short
Variational Omni LINK	−0.0109%	8h	$3.2M	$1.2M	—	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0094% / S +0.0165%	1h	$1.7M	—	200x	as long as short
Phoenix LINKlong	−0.0080%	1h	$6K	$46K	10x
OKX LINK-USDT-SWAP	−0.0031%	8h	$26.7M	$84.3M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$340K	$60K	10x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	$453K	$2.2M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$681K	$104K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0001%	1h	$85K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate LINK_USDT	+0.0010%	8h	$128.9M	$12.1M	75x	as long as short
MEXC LINK_USDT	+0.0032%	8h	$32.2M	$57.4M	300x	as long as short
Binance LINKUSDT	+0.0033%	8h	$117.3M	$285.4M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$141K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$982K	$2.6M	50x	as long as short
Paradex LINK-USD-PERP	+0.0077%	8h	$31K	$2K	20x	as long as short
Bitget LINKUSDT	+0.0086%	8h	$53.3M	$28.8M	75x	as long as short
BingX LINK-USDC	+0.0086%	8h	—	$6.6M	—	as long as short
Aevo LINK-PERP	+0.0088%	1h	$539K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.4M	10x	as long as short
SoDEX LINK-USD	+0.0097%	1h	$8K	$36K	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$422K	$299K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.2M	$21.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.3M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$271K	$165K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$126K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.1M	$16.5M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$348K	$377K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$308K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$648K	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	$27K	$10K	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	$620K	$928K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$667K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0130%	8h	$5.1M	$13.5M	75x	as long as short
Reya LINKRUSDPERP	+0.0363%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0460%	8h	$20.0M	$11.1M	50x	as long as short