LINK

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h+0.013%paid, last 7 days+0.372%to open and closeno order book

Long on Polymarket Perps Short on Backpack

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.994	0.0100	pay 0.0013% / 1h	18m 33s	$74K	$44K	10x
Short	Backpack LINK_USDC_PERP	13.007	0.0100	get 0.0013% / 1h	18m 33s	$386K	$370K	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BackpackbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$18
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Backpack: live order book, 32 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.100%
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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Backpack live order book, 32 min ago	0.38 bp	14.2 bp −$14	602.0 bp −$6,020	doesn't fit	doesn't fit

Polymarket Perps: 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	−0.0173%	1h	$6.1M	$6.7M	50x	as long as short
SoDEX LINK-USD	−0.0098%	1h	$8K	$42K	10x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0158%	1h	$1.7M	—	200x	as long as short
Phoenix LINK	−0.0062%	1h	$3K	$47K	10x	as long as short
Variational Omni LINK	−0.0039%	8h	$3.2M	$1.2M	—	as long as short
Bybit LINKUSDT	−0.0012%	8h	$80.4M	$60.7M	75x	as long as short
Gate LINK_USDT	−0.0008%	8h	$132.3M	$12.6M	75x	as long as short
dYdX LINK-USD	0.0000%	1h	$344K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$459K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$698K	$82K	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	$177K	—	150x	as long as short
Paradex LINK-USD-PERP	+0.0012%	8h	$31K	$2K	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$106K	12x	as long as short
MEXC LINK_USDT	+0.0039%	8h	$34.7M	$58.0M	300x	as long as short
Binance LINKUSDT	+0.0039%	8h	$118.6M	$286.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0039%	8h	$27.5M	$91.6M	50x	as long as short
Lighter LINK	+0.0048%	1h	$2.0M	$2.0M	10x	as long as short
Extended LINK-USD	+0.0056%	1h	$673K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$547K	$340	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0088%	1h	$1.0M	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0098%	8h	$185K	$1.6M	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	$429K	$365K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$78.8M	$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	$272K	$168K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$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	$54.2M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	—	$19.9M	—	as long as short
Backpack LINK_USDC_PERPshort	+0.0100%	1h	$386K	$370K	15x
edgeX LINKUSDC	+0.0100%	4h	$43K	$312K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$653K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	$74K	$44K	10x
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	$644K	$1.1M	75x	as long as short
BloFin LINK-USDT	+0.0158%	8h	$5.2M	$12.6M	75x	as long as short
Phemex LINKUSDT	+0.0342%	8h	$20.3M	$11.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0357%	1h	$4K	$400	20x	as long as short