LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0419%/8h= +45.8% APRnext payment +$4.19 per $10,000 · paid last 24h +0.076%

Price spread now: Phemex against SunX+0.035%7-day average −0.003% · you sell dearer than you buy

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

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.035%, 7d avg −0.003%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phemex is 0.037% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	13.195	0.0100	pay 0.0100% / 8h	7h 31m	$34K	$1.5M	30x
Short	Phemex LINKUSDT	13.200	0.0519	get 0.0519% / 8h	7h 31m	$20.4M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now +0.035%Rate

Funding earned: $87.9
Price spread: +0.035% → −0.003%: $3.75
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $71.65
Costs to cover: 0.200%
Break-even: 1.3 days

Slippage unknown: SunX: live order book, 3 min ago; Phemex: live order book, 3 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 SunX live order book, 3 min ago	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.27 bp	10.3 bp −$10	16.4 bp −$164	doesn't fit	doesn't fit

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 −0.0091% / S +0.0167%	1h	13.180	−0.114%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.186	−0.072%	$476K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.180	−0.117%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0031%	1h	13.190	−0.044%	$783K	$211K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.028%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.100%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	13.179	−0.124%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.185	−0.076%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.191	−0.031%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.174	−0.160%	$404K	$309K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.185	−0.080%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.192	−0.029%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.189	−0.051%	$122.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.183	−0.094%	$84.9M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.184	−0.086%	$27.8M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.203	+0.058%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.191	−0.033%	$130.6M	$12.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.191	−0.033%	$37.2M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.189	−0.049%	$23.0M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.191	−0.033%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.193	−0.018%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.137%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.017%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	−0.003%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.205	+0.073%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.176	−0.147%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.182	−0.102%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	13.195	long leg	$34K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	13.186	−0.071%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.169	−0.196%	$648K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.190	−0.042%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.186	−0.071%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.187	−0.064%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0191%	1h	13.196	+0.005%	$368K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	+0.005%	$5.3M	$16.0M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.195	−0.004%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.171	−0.184%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0406%	1h	13.186	−0.071%	$349K	$48K	10x	as long as short
Phemex LINKUSDTshort	+0.0519%	8h	13.200	+0.035%	$20.4M	$11.6M	50x
Hyperliquid LINK	+0.0590%	1h	13.204	+0.065%	$81.7M	$25.1M	10x	as long as short