LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.041%

Price spread now: Phoenix against Arcus−0.144%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Phoenix

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.144% cheaper against Arcus than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.259	0.0100	pay 0.0013% / 1h	49m 00s	$186K	$172K	10x
Short	Phoenix LINK	13.240	0.0012	get 0.0002% / 1h	49m 00s	$4K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Arcus. 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 ArcusbpFee PhoenixbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$18.46
Price spread: −0.144% → 0.000%: −$14.41
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$44.36
Costs to cover: 0.115%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 29 min ago; Phoenix: no order-book sample. 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 Arcus live order book, 29 min ago	6.07 bp	21.5 bp −$22	37.5 bp −$375	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 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 −0.0090% / S +0.0167%	1h	13.238	−0.162%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.245	−0.108%	$476K	$2.4M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.233	−0.194%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.239	−0.153%	$135K	—	150x	as long as short
Phoenix LINKshort	+0.0012%	1h	13.240	−0.144%	$4K	$84K	10x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.479%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.227	−0.241%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.234	−0.192%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.239	−0.151%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.245	−0.104%	$406K	$311K	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	13.238	−0.161%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.246	−0.099%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.239	−0.154%	$123.3M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.245	−0.106%	$85.5M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.249	−0.075%	$28.0M	$86.1M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.259	long leg	$186K	$172K	10x
Gate LINK_USDT	+0.0100%	8h	13.233	−0.196%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.236	−0.173%	$36.7M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.236	−0.173%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.233	−0.196%	$55.1M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.235	−0.181%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.238	−0.160%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.245	−0.106%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.244	−0.115%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.251	−0.060%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.242	−0.128%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.226	−0.248%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.252	−0.057%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.234	−0.189%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.230	−0.216%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.230	−0.222%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.236	−0.172%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0113%	1h	13.241	−0.138%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.233	−0.196%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.236	−0.173%	$5.2M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0287%	1h	13.250	−0.068%	$78.4M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0365%	1h	13.245	−0.106%	$366K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.235	−0.178%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0467%	8h	13.250	−0.068%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.240	−0.141%	$7.0M	$8.2M	50x	as long as short