LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against SoDEX+0.044%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.044% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LINK-USD	12.928	0.0100	pay 0.0013% / 1h	22m 43s	$10K	$61K	10x
Short	Lighter LINK	12.934	0.0096	get 0.0012% / 1h	22m 43s	$1.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee LighterbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$0.84
Price spread: +0.044% → 0.000%: $4.39
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.45
Costs to cover: 0.080%
Break-even: never at this rate

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

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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	1.83 bp	2.9 bp −$3	13.6 bp −$136	71.6 bp −$7,162	doesn't fit

SoDEX: 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 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.929	+0.008%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0014%	8h	12.919	−0.070%	$94K	$1.1M	20x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.936	+0.065%	$512K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.929	+0.006%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.084%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.931	+0.025%	$3K	$85K	10x	as long as short
Lighter LINKshort	+0.0096%	1h	12.934	+0.044%	$1.9M	$2.8M	10x
Paradex LINK-USD-PERP	+0.0100%	8h	12.930	+0.017%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.923	−0.035%	$354K	$341K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.935	+0.051%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.933	+0.038%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.931	+0.025%	$119.4M	$301.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.926	−0.015%	$83.5M	$73.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.930	+0.015%	$27.0M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.948	+0.155%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.926	−0.015%	$124.4M	$15.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.933	+0.039%	$34.4M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.936	+0.062%	$22.8M	$12.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.927	−0.008%	$54.1M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.930	+0.015%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.909	−0.145%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.881	−0.360%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.891	−0.286%	$581K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.886	−0.325%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	0.000%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.852	−0.588%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.944	+0.127%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USDlong	+0.0100%	1h	12.928	long leg	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.919	−0.072%	$631K	$799K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.926	−0.016%	$629K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.930	+0.012%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.943	+0.116%	$937K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0134%	1h	12.934	+0.046%	$337K	$388K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.930	+0.014%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0214%	1h	12.934	+0.048%	$809K	$266K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.923	−0.039%	$5.2M	$15.9M	75x	as long as short
Hyperliquid LINK	+0.0330%	1h	12.942	+0.108%	$80.8M	$27.8M	10x	as long as short
Reya LINKRUSDPERP	+0.0398%	1h	12.922	−0.050%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.941	+0.101%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0735%	1h	12.935	+0.053%	$345K	$45K	10x	as long as short