LINK

Alert

Funding spread now, next payment 16:00 UTC−0.0161%/8h

next payment, per $10,000−$0.20paid, last 24h−0.031%paid, last 5 days+0.163%to open and closeno order book

Long on Polymarket Perps Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	12.924	0.0100	pay 0.0013% / 1h	19m 50s	$78K	$51K	10x
Short	Phoenix LINK	12.976	−0.0061	pay 0.0008% / 1h	19m 50s	$3K	$49K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PhoenixbpOrdersRate

Funding earned: −$33.9
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$48.9
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.404%
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 Phoenix no order-book sample	—	—	—	—	—

Polymarket Perps and 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	−0.0388%	1h	$6.0M	$6.8M	50x	as long as short
SoDEX LINK-USD	−0.0123%	1h	$8K	$38K	10x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0161%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0064%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINKshort	−0.0061%	1h	$3K	$49K	10x
Extended LINK-USD	−0.0048%	1h	$672K	$1.8M	25x	as long as short
HTX LINK-USDT	−0.0041%	8h	$635K	$987K	75x	as long as short
Bybit LINKUSDT	−0.0019%	8h	$79.9M	$59.6M	75x	as long as short
OKX LINK-USDT-SWAP	−0.0010%	8h	$27.1M	$90.9M	50x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	$456K	$2.2M	3.7x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$691K	$85K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$189K	—	150x	as long as short
dYdX LINK-USD	+0.0007%	1h	$342K	$60K	10x	as long as short
Gate LINK_USDT	+0.0016%	8h	$130.2M	$12.0M	75x	as long as short
Binance LINKUSDT	+0.0028%	8h	$118.3M	$289.3M	75x	as long as short
MEXC LINK_USDT	+0.0030%	8h	$32.6M	$57.7M	300x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Paradex LINK-USD-PERP	+0.0041%	8h	$31K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$999K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0079%	8h	$144K	$1.7M	20x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$544K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$426K	$350K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$76.2M	$22.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$270K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$182K	$192K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.3M	$17.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$53.6M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$310K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$656K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	$78K	$51K	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
BloFin LINK-USDT	+0.0120%	8h	$5.2M	$13.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0360%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	$20.1M	$11.2M	50x	as long as short