LINK

Alert

Funding spread now, next payment 18:00 UTC+0.0353%/8h

paid, last 24h+0.073%paid, last 7 days+0.570%to open and closeno order book

Long on Polymarket Perps Short on Phemex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.861	0.0100	pay 0.0013% / 1h	18m 14s	$77K	$56K	10x
Short	Phemex LINKUSDT	12.878	0.0453	get 0.0453% / 8h	6h 18m	$20.1M	$11.1M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PhemexbpOrdersRate

Funding earned: $74.06
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $54.06
Break-even: 1.9 days

Slippage unknown: Polymarket Perps: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.132%
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 Phemex live order book, 2 min ago	1.94 bp	10.3 bp −$10	15.2 bp −$152	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	−0.0329%	1h	$6.0M	$6.4M	50x	as long as short
Bybit LINKUSDT	−0.0185%	8h	$82.3M	$62.4M	75x	as long as short
Variational Omni LINK	−0.0099%	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 LINK	−0.0080%	1h	$3K	$46K	10x	as long as short
OKX LINK-USDT-SWAP	−0.0033%	8h	$26.8M	$84.6M	50x	as long as short
dYdX LINK-USD	0.0000%	1h	$341K	$60K	10x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$455K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$683K	$104K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$184K	—	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate LINK_USDT	+0.0025%	8h	$129.4M	$12.0M	75x	as long as short
MEXC LINK_USDT	+0.0029%	8h	$32.5M	$57.2M	300x	as long as short
Binance LINKUSDT	+0.0029%	8h	$117.8M	$285.6M	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	$987K	$2.6M	50x	as long as short
Paradex LINK-USD-PERP	+0.0074%	8h	$31K	$2K	20x	as long as short
SoDEX LINK-USD	+0.0079%	1h	$8K	$36K	10x	as long as short
Bitget LINKUSDT	+0.0085%	8h	$53.5M	$28.9M	75x	as long as short
BingX LINK-USDC	+0.0087%	8h	—	$6.6M	—	as long as short
Aevo LINK-PERP	+0.0088%	1h	$541K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$2.0M	$2.4M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$423K	$298K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.4M	$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	$272K	$165K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$182K	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	$349K	$377K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$307K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$130K	$648K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	$77K	$56K	10x
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	$622K	$938K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	$667K	$1.8M	25x	as long as short
BloFin LINK-USDT	+0.0116%	8h	$5.1M	$13.3M	75x	as long as short
Reya LINKRUSDPERP	+0.0363%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDTshort	+0.0453%	8h	$20.1M	$11.1M	50x