LINK

Alert

Funding spread now, next payment 15:00 UTC+0.0118%/8h

next payment, per $10,000+$0.15paid, last 24h+0.039%paid, last 5 days+0.052%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LINK	13.066	−0.0062	get 0.0008% / 1h	3m 43s	$3K	$47K	10x
Short	Lighter LINK	13.057	0.0056	get 0.0007% / 1h	3m 43s	$2.0M	$2.0M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee LighterbpOrdersRate

Funding earned: $24.69
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $17.69
Break-even: 2.0 days

Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.066%
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 Lighter live order book, 4 min ago	0.79 bp	3.8 bp −$4	12.6 bp −$126	63.4 bp −$6,344	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	−0.0172%	1h	$6.1M	$6.8M	50x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0088% / S +0.0159%	1h	$1.7M	—	200x	as long as short
Phoenix LINKlong	−0.0062%	1h	$3K	$47K	10x
Variational Omni LINK	−0.0052%	8h	$3.2M	$1.2M	—	as long as short
Bybit LINKUSDT	−0.0022%	8h	$80.9M	$60.7M	75x	as long as short
SoDEX LINK-USD	−0.0020%	1h	$8K	$42K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	$346K	$60K	10x	as long as short
Gate LINK_USDT	0.0000%	8h	$133.0M	$12.7M	75x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$461K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$699K	$84K	50x	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 −0.0007%	1h	$178K	—	150x	as long as short
Paradex LINK-USD-PERP	+0.0025%	8h	$32K	$2K	20x	as long as short
OKX LINK-USDT-SWAP	+0.0030%	8h	$27.5M	$91.7M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
MEXC LINK_USDT	+0.0044%	8h	$35.0M	$58.3M	300x	as long as short
Binance LINKUSDT	+0.0044%	8h	$119.4M	$286.7M	75x	as long as short
Lighter LINKshort	+0.0056%	1h	$2.0M	$2.0M	10x
Extended LINK-USD	+0.0080%	1h	$680K	$1.8M	25x	as long as short
Coinbase International LINK-PERP-INTX	+0.0088%	1h	$1.0M	$2.7M	50x	as long as short
Aevo LINK-PERP	+0.0096%	1h	$549K	$340	3x	as long as short
Orderly PERP_LINK_USDC	+0.0098%	8h	$186K	$1.6M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$432K	$363K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$79.2M	$20.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.5M	$2.2M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$273K	$167K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$184K	$193K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.2M	$17.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$54.4M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$388K	$366K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$313K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$652K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$74K	$44K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
HTX LINK-USDT	+0.0100%	8h	$647K	$1.0M	75x	as long as short
BloFin LINK-USDT	+0.0165%	8h	$5.2M	$13.2M	75x	as long as short
Phemex LINKUSDT	+0.0326%	8h	$20.4M	$11.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0358%	1h	$4K	$400	20x	as long as short