LINK

Alert

Funding spread now, next payment 18:00 UTC+0.0181%/8h

paid, last 24h+0.020%paid, last 3 days+0.153%to open and closeno order book

Long on Variational Omni Short on Backpack

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.972	−0.0081	get 0.0081% / 8h	6h 41m	$3.2M	$1.2M	—
Short	Backpack LINK_USDC_PERP	12.867	0.0100	get 0.0013% / 1h	41m 30s	$352K	$370K	15x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BackpackbpOrdersRate

Funding earned: $38.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $28.05
Break-even: 1.8 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Backpack: live order book, 64 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.809%
Avg gap 7d: +0.030%

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 Variational Omni RFQ quote, 4 min ago	3.13 bp	doesn't fit	7.7 bp −$77	doesn't fit	doesn't fit
Sell Backpack live order book, 64 min ago	0.38 bp	6.7 bp −$7	494.0 bp −$4,940	doesn't fit	doesn't fit

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	$6.5M	50x	as long as short
Bybit LINKUSDT	−0.0147%	8h	$79.7M	$59.4M	75x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0092% / S +0.0163%	1h	$1.7M	—	200x	as long as short
Variational Omni LINKlong	−0.0081%	8h	$3.2M	$1.2M	—
Phoenix LINK	−0.0080%	1h	$3K	$46K	10x	as long as short
Extended LINK-USD	−0.0072%	1h	$669K	$1.8M	25x	as long as short
OKX LINK-USDT-SWAP	−0.0044%	8h	$26.9M	$85.6M	50x	as long as short
SoDEX LINK-USD	−0.0037%	1h	$8K	$36K	10x	as long as short
Gate LINK_USDT	−0.0020%	8h	$129.7M	$11.4M	75x	as long as short
dYdX LINK-USD	0.0000%	1h	$341K	$60K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXLINKPERP	0.0000%	8h	$456K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$688K	$104K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$193K	—	150x	as long as short
HTX LINK-USDT	+0.0012%	8h	$621K	$1.0M	75x	as long as short
Binance LINKUSDT	+0.0019%	8h	$117.4M	$284.0M	75x	as long as short
MEXC LINK_USDT	+0.0020%	8h	$32.3M	$56.0M	300x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$48K	12x	as long as short
Paradex LINK-USD-PERP	+0.0056%	8h	$31K	$2K	20x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	$139K	$1.7M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$997K	$2.6M	50x	as long as short
BloFin LINK-USDT	+0.0083%	8h	$5.2M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0086%	8h	$53.5M	$29.3M	75x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$541K	$340	3x	as long as short
BingX LINK-USDC	+0.0090%	8h	—	$6.6M	—	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$420K	$345K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	$75.6M	$21.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$269K	$163K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$181K	$186K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.2M	$16.7M	75x	as long as short
Backpack LINK_USDC_PERPshort	+0.0100%	1h	$352K	$370K	15x
edgeX LINKUSDC	+0.0100%	4h	$43K	$311K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$131K	$650K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$76K	$54K	10x	as long as short
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
Reya LINKRUSDPERP	+0.0362%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0386%	8h	$20.0M	$11.3M	50x	as long as short